167-173 Gore St

Sault Ste Marie | | P6A 1M3
  • 9
  • 9
  • 0

$899,900

Est. Mtg $3,051 /mo
  • Days on market

    73

  • Status

    New

Listing Broker RE/MAX REALTRON REALTY INC.
Since listed: 1 views

Home details

MLS #:

X9233421

Property type:
Multiplex
Style:
2-Storey
Taxes:
$17,000
Possession:
Immediate
Lot Front:
64.0   Feet
Lot Depth:
136.0   Feet
Basement:
Full |
Driveway Pkg:
9
Heat:
Electric | Baseboard

Description


167-173 Gore St, , Sault Ste Marie, Ontario is a Multiplex property in Sault Ste Marie and in the community in the P6A 1M3 postal code


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..

Extras

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


History

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List Date End Date List Price End Price Status MLS #
2023-09 2024-02 $1,779,900 $1,779,900 Exp X6804728
2024-03 2024-07 $999,999 $999,999 Ter X8161088
2024-07 2024-08 $899,900 $899,900 New X9233421
2024-08 $899,900 $899,900 X9233426
2021-07 $1,899,900 $1,899,900 X5289591
2022-02 $499,900 $499,900 X5419471
2024-02 $1,779,900 $1,489,900 X6804750

Comparables

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sold Date Address List Price sold Price DOM
2024-02 44-46 Becher St, $1,899,900 $1,850,000 107
2024-01 46 East Ave E, $699,900 $685,000 27
2023-04 583-585 King St, $1,199,900 $1,170,000 90
2023-03 292 Simcoe St, $849,000 $800,000 46
2023-03 187-193 Station St, $859,000 $859,000 25
2022-03 1 Balfour Pl, $1,250,000 $1,325,000 6
2022-03 8-10 Lisgar St, $1,790,000 $1,767,000 20
2022-02 331 Spruce St, $2,099,999 $3,420,900 94
2022-02 270-272 Whittaker St, $979,900 $960,000 18
2022-01 91 Secord Ave, $1,590,000 $1,600,000 79
2022-01 27 Carleton St N, $1,499,000 $1,332,000 115
2021-12 3731 19th St, $1,850,000 $1,893,000 52
2021-11 377 Lasalle Blvd, $999,900 $900,000 48
2021-11 35-37 Ontario Rd, $1,099,000 $1,075,000 57
2021-11 69-71 Cedar St, $1,399,000 $1,307,000 127

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Sault Ste Marie :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 167-173 Gore St

Based on available 3rd party data

$4603

Approximate costs per month

Mortgage
$3051 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$1416 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker RE/MAX REALTRON REALTY INC.
Data Source: TRREB

Payment calculator

$4468 monthly. In association with: TD Bank
%
  • Principal and Interest
    3051 /mo
  • Property Taxes
    $1416 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Raymond Chin, Realtor

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