Sault Ste Marie, ON P6A 1M3,167-173 Gore ST
Sault Ste Marie, ON P6A 1M3,167-173 Gore ST
Sault Ste Marie, ON P6A 1M3,167-173 Gore ST
20
$955,000
$899,900
6.1%
Est.Price: ?

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9 BD
9 BA

167-173 Gore ST Sault Ste Marie, ON P6A 1M3

Est. payment /mo
SOLD DATE : 01/09/2025

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Key Details

Sold Price $955,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 5000 +

MLS Listing ID X9233421

Sold Date 01/09/25

Style 2-Storey

Bedrooms 9

Building Age 51-99

Annual Tax Amount $17,000

Tax Year 2024

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Algoma

Area Algoma

Rooms

Family Room Yes

Basement Full

Kitchen 9

Interior

Interior Features None

Cooling None

Exterior

Parking Features Private

Pool None

Roof Type Flat,Asphalt Rolled

Lot Frontage 64.0

Lot Depth 136.0

Total Parking Spaces 9

Building

Foundation Stone

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Listed by RE/MAX REALTRON REALTY INC.

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agent

Elias Mouawad

Agent | License ID: 9543870

+1(647) 831-1664

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