$899,900
 $4,831 forsale estimated payment Sourced by Back At You

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

Sault Ste Marie, ON P6A 1M3

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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.

Details

MlsX9233421
Listing TypeFor Sale
SubtypeResale
StatusSold Conditional
Days On Site129
Listing Provided ByRE/MAX REALTRON REALTY INC. | Not Provided

Features

Beds9
Baths9
BasementY
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 1 minute ago
StateON
CountyAlgoma
CitySault Ste Marie
Zip CodeP6A 1M3
Listing VS Median (in P6A 1M3)
Price:
$899,900
low | high
Med:
$899,900
50% of Average
On Site:
129
low | high
Med:
129.000000
100% of Average
Sourced by Back At You
Listing Updated: November 21, 2024 at 11:56:39 AM PST