$929,000 Sale

Listed 115 days ago

167 Gore ST

MLS® sm261512 Multi Family

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 5452

Est. mortgage

$3,524/mo

Key Facts

Key facts for 167 Gore ST

Property Type

Apartment

Parking

Garage: No, 0 parking

MLS #

SM261512

Size

5452 sqft

Basement

Full

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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 compon...ent 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:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

5452 sqft

Basement

Full

Heating Type

Baseboard heaters

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

5452 sqft

Basement

Full

Heating Type

Baseboard heaters

Full Bathrooms

Half Bathrooms

Exterior

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Building Description

Home Type

Apartment

Subtype

Multi Family

Exterior

Brick

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Apartment

Subtype

Multi Family

Exterior

Brick

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Sault Ste. Marie

Area Code

Sault Ste. Marie

Community

Sault Ste. Marie

Area Code

Sault Ste. Marie

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Roger Townsend

Email: [email protected] Cell: 647-360-6433