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

$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

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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: Sault Ste Marie Investment for Sale
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

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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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