167-173 Gore St

$899,900
$899,900

167-173 Gore St

Sault Ste Marie, Algoma $899,900 Make an offer
9 Beds
9 Baths
5000+ sqft
Attached Garage
Parking for 9
W Facing
MLS®#:
X9233421
Property Type:
Multiplex
Property Style:
2-Storey
Area:
Algoma
Community:
Taxes:
$17,000 / 2024
Added:
July 30 2024
Lot Frontage:
64.00
Lot Depth:
136.00
Status:
Active
Outside:
Brick
Year Built:
51-99
Basement:
Full
Brokerage:
RE/MAX REALTRON REALTY INC.
Lot (Feet):

136

64

Intersection:
WELLINGTON ST AND NORTH ST
Rooms:
28
Bedrooms:
9
Bathrooms:
9
Fireplace:
N
Utilities
Water:
Municipal
Cooling:
None
Heating Type:
Baseboard
Heating Fuel:
Electric

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.

5 HOT WATER TANKS, 9 FRIDGES, 9 STOVES, TWO WASHER/TWO DRYER,

Sale/Lease History of 167-173 Gore St

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Nick Dorsey
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