167 Gore ST

About this home

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:66966)

Details

Type

Multiplex

Size

5452 sq ft

Basement

Full

Property tax

$7,545

Neighbourhood

Sault Ste. Marie

Municipality

Sault Ste. Marie

Interior

Fireplace

No

Heating, cooling and services

Heating

Baseboard heaters

Water and sewer

Municipal sewage system

Building and exterior

Foundation

Stone

Outdoor

Brick

Location

Location is approximate. See nearby homes on the map