167 Gore ST, Sault Ste. Marie, ON P6A1M3
Sault Ste. Marie
Key Facts
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:31684)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Living Area
5,452 sq ft
Listing #
SM261512
Property Features
- Heating:
- Baseboard
- Sewer:
- Public Sewer
Affordability Calculator
$200,000
Estimated monthly payment
$5,322/mo
Principal $800,000 · Est. interest $1,116,071 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sault Ste. Marie, ON
- CA$335,246
- Median Listing Price
- 37
- Median Days on Market
- 1,374
- Median Sq Ft
- CA$230
- Median Price / Sq Ft
- 301
- Active Listings
- This home’s price is 198% above the area median.
- Its price per sq ft is 20% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sault Ste. Marie, ON.
Location
- 167 Gore ST, Sault Ste. Marie, ON P6A1M3
Points of Interest in Sault Ste. Marie, ON
Showing the Sault Ste. Marie area map.
Nearby Schools
Holy Angels Learning Centre
School · 0.3 km away
Kina Awiiya Secondary Prog
Secondary · 0.4 km away
Gates College of Business- Culinary & Healthcare
Secondary School · 0.9 km away
St. Basil Secondary School Alumni
Secondary · 0.9 km away
Northland Adult Learning Centre
School · 1.0 km away
Waterfront Child Development Centre
School · 1.2 km away
Notre-Dane-Def-Ecolef
School · 1.5 km away
Northern Heights Public School
Secondary · 1.5 km away
St Pius X Catholic School
School · 1.8 km away
Northridge Montessori School
Elementary · 1.8 km away
Boreal
Secondary · 2.1 km away
Hand in Hand Daycare
School · 2.3 km away
FH Clergue Public School
Elementary · 2.3 km away
Superior Heights Collegiate & Vocational School
Secondary · 2.4 km away
St Mary's School
School · 2.4 km away
Eastern Upper Peninsula Intermediate School District
School · 2.4 km away
Eupisd Project Search
Secondary · 2.5 km away
Kiwedin Public School
Secondary · 2.5 km away
Malcolm High School
Secondary · 2.5 km away
School College
School · 2.6 km away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 52 Borron AVE, Sault Ste. Marie, ON | CA$724,900 | 5 | 3 | 1,727 |
| 1343 Great Northern RD, Sault Ste. Marie, ON | CA$725,000 | — | — | — |
| 719 Bay ST # 604, Sault Ste. Marie, ON | CA$729,900 | 2 | 2 | — |
| 79 Memorial AVE, Sault Ste. Marie, ON | CA$739,900 | 3 | 2 | 1,590 |
| 39 Saddle CRES, Sault Ste. Marie, ON | CA$739,900 | 4 | 2 | 1,355 |
| 797 FIFTH LINE E, Sault Ste Marie, ON | CA$749,900 | 4 | 3 | — |
Moving Cost Estimate
EXIT Agents in Sault Ste. Marie
Listing Courtesy: Century 21 Choice Realty Inc.
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