$899,900
Available - For Sale
Listing ID: X9233421
167-173 Gore St , Sault Ste Marie, P6A 1M3, Ontario
| A prime investment opportunity, this well-maintained building offers close to 9,000 sq. ft. of rentable space. The main floor, currently vacant and zoned commercial, awaits your vision. The second floor features 9 residential 1 bedroom apartments, each generating $1,180/month in rent plus heat and electric. With a current monthly income of $10,620, the property is occupied by quality tenants, fostering a safe and secure community. Recently rebuilt with engineering and city permits, encapsulating masonry, windows, framing, electrical, plumbing, fire-rated drywall, and insulation. The building also features separate meters and minimal maintenance. This property offers security in a highly attractive cap rate alongside robust cash flow. Priced to sell. |
| Extras: 5 HOT WATER TANKS, 9 FRIDGES, 9 STOVES, TWO WASHER/TWO DRYER, |
| Price | $899,900 |
| Taxes: | $17000.00 |
| Address: | 167-173 Gore St , Sault Ste Marie, P6A 1M3, Ontario |
| Lot Size: | 64.00 x 136.00 (Feet) |
| Directions/Cross Streets: | WELLINGTON ST AND NORTH ST |
| Rooms: | 28 |
| Bedrooms: | 9 |
| Bedrooms +: | |
| Kitchens: | 9 |
| Family Room: | Y |
| Basement: | Full |
| Approximatly Age: | 51-99 |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | Attached |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 9 |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 5000+ |
| Fireplace/Stove: | N |
| Heat Source: | Electric |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Laundry Level: | Upper |
| Sewers: | Sewers |
| Water: | Municipal |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
| Utilities-Gas: | Y |
| Utilities-Telephone: | A |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX REALTRON REALTY INC. |
|
|
Simon Huang
Broker
Bus:
905-241-2222
Fax:
905-241-3333
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Algoma |
| Municipality: | Sault Ste Marie |
| Style: | 2-Storey |
| Lot Size: | 64.00 x 136.00(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $17,000 |
| Beds: | 9 |
| Baths: | 9 |
| Fireplace: | N |
| Pool: | None |
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