Welcome to this remarkable ["2-Storey"] multiplex located in the coveted neighborhood of Sault Ste Marie. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
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.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 167-173 Gore Street, Sault Ste Marie, ON P6A 1M3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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No current listings found in Sault Ste Marie.