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Renanza Realty
For sale

167 Gore ST

Sault Ste. Marie, Ontario

MLS® SM261512

$929,000

Status
Active
Property type
Multi-family
MLS® number
SM261512
Bedrooms
Bathrooms
Year built

Listing 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!

Property summary

MLS® number
SM261512
Property type
Multi-family
Building type
Multi-Family
Square footage
5,452 sq ft
Annual property taxes
$7,544.65
Days on market
91 days

Features & details

Heating
Baseboard heaters
Basement
Full
Exterior features
Brick

What would this home cost you?

Based on the $929,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$4,322 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Century 21 Choice Realty Inc., SAULT STE. MARIE.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.