167 Gore St,Sault Ste. Marie, ON P6A1M3
Sault Ste. Marie, ON P6A1M3
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:13843)
Details
| MLS # | SM261512 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 128 |
| Listing Provided By | Century 21 Choice Realty Inc. | Andrew Raplenovic |
Features
| SQ Feet | 5,452 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
Interior
| Heating | Baseboard heaters |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Stone |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 7544.65 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Sault Ste. Marie |
| Postal Code | P6A1M3 |
| Listing VS Median (in P6A1M3) | |
Price: $929,000 low | high Med: $929,000 sqft: 5,452 low | high Med: 5,452 $ / sqft: $170 low | high Med: $170 On site: 128 low | high Med: 128 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Sault Ste. Marie |
| Postal Code | P6A1M3 |
| Listing VS Median (in P6A1M3) | |
Price: $929,000 low | high Med: $929,000 sqft: 5,452 low | high Med: 5,452 $ / sqft: $170 low | high Med: $170 On site: 128 low | high Med: 128 | |