167 Gore St
Sault Ste. Marie, Ontario P6A 1M3
$
929000.00
mls number:
SM261512
bed
bath
5452
ft2
acres
Multi-family
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Property Details
Listing Description
Welcome to Joy Apartments! This extensively rebuilt building offers a rare opportunity to acquire a turnkey mixed-use asset with strong existing cash flow and significant upside potential. The upper levels contain 9 finished residential units generating over $10,000 per month. The residential component provides strong income potential and immediate cash flow. The property features approximately 4,000 sq. ft. of commercial space on the main floor, with electrical rough-ins completed. Approximately 1,000 sq. ft. offers 30 ft ceilings and access through a bay entrance. This space offers flexibility for multiple commercial tenants or a single larger occupant and a variety of uses, including the potential for conversion into additional residential units. The building has undergone a comprehensive reconstruction, including new electrical, plumbing, heating systems, framing, windows, masonry, flooring, bathrooms, lighting, doors, and common areas. All work was completed in accordance with engineering specifications, municipal inspections, and fire safety compliance. With stable residential income already in place and substantial commercial leasing potential, this property presents an excellent opportunity for investors seeking both immediate returns and future growth. Don't miss out—call today to schedule your showing! (id:39198)
Summary
Property type
Multi-family
built in
square footage
5452
sqft
annual property taxes
$7,544.65
community name
Sault Ste. Marie
parking type
Not in CMS
land size
acres
time on market
Not in CMS

Interior Features

Basement type Full

Building Features

Style Multi-Family, Attached

Stories 2

Foundation type Stone

Heating & Cooling

Heating type Baseboard heaters

Exterior Features

Exterior finish Brick

Utilities

Sewer Municipal sewage system

Water Municipal water

Listing Description
Listing Description

Lot Features

Frontage 64 ft

Data provided by: Sault Ste. Marie Real Estate Board
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