Space
Finished area and layout
- Living Area
- 5,452 sqft
+13 more
5,452 sqft
Living Area
64.0 frontage
Lot
Property Snapshot
Key details for this listing
MLS #SM261512
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
- Basement
- Full
- Stories
- 2
About This Property
This multi-family in Sault Ste. Marie offers 5,452 sqft of living area on a 64.0 frontage lot. 2 storeys. The home features baseboard heaters heating, a full basement.
MLS Remarks
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:60351)
Full Listing Details
Address167 Gore ST
MLS#SM261512
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market129
Common InterestFreehold
Annual Tax$7,545
Structure TypeMulti-Family
AttachedAttached
StyleMultiplex
Living Area5,452 sqft
Stories2
CitySault Ste. Marie
ProvinceOntario
Postal CodeP6A1M3
Frontage64.0
HeatingBaseboard heaters
BasementFull
FoundationStone
ExteriorBrick
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$7,545
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
