$899,900
FOR SALE

Investment

Lot: 136 x 136 ftTotal Area: 9,000 ft2
2024 Taxes: $17,000

167-173 Gore St
Sault Ste Marie, ON P6A 1M3 | Algoma

A prime investment opportunity, this well-maintained building offers close to 9,000 sq. ft. of rentablespace. The main floor, currently vacant and zoned commercial, awaits your vision. The second floorfeatures 9 residential 1 bedroom apartments, each generating $1,180/month in rent plus heat andelectric. 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, encapsulatingmasonry, windows, framing, electrical, plumbing, fire-rated drywall, and insulation. The building alsofeatures separate meters and minimal maintenance. This property offers security in a highly attractivecap rate alongside robust cash flow. Priced to sell.
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Listed By RE/MAX REALTRON REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9233426
Last Updated Aug 01, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
Occupancy Tenant
Possession Date Immediate
Taxes (2024) $17,000
Tax Type Annual
Directions/Cross Streets WELLINGTON ST AND NORTH ST
Area Algoma
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 136 x 136 ft
Retail Area 50 percent
Office/Apt Area 50 percent
Total Area 9,000 ft2
Approximate Age 51-99
Elevator None
Air Conditioning N
Basement Y
Chattels Y
Garage Type Street
Parking Spaces 9
LLBO N
Heat Type Baseboard
Financial Statement Y
Sewers Storm
Utilities Y
Water Municipal
Rail N
Lot/Bldg/Unit Code Lot
Zoning RM10HS
Seller Property Info Statement N

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