$929,000
↓ $71,000 from $1,000,000
Est. payment $4,113/moCalculate yours
167 Gore Street, Sault Ste Marie, ON P6A 1M3
Ward 2, Sault Ste Marie, ON P6A 1M3
- 5,452 Sq Ft
Listing courtesy of Century 21 Choice Realty Inc. MLS® X13887354
About this home
Welcome to Joy Apartments! This extensively rebuilt building offers a rare opportunity to acquire a turnkey mixed-use asset with strong existing cash flow and significant upside potential. The upper levels contain 9 finished residential units generating over $10,000 per month. The residential component provides strong income potential and immediate cash flow. The property features approximately 4,000 sq. ft. of commercial space on the main floor, with electrical rough-ins completed. Approximately 1,000 sq. ft. offers 30 ft ceilings and access through a bay entrance. This space offers flexibility for multiple commercial tenants or a single larger occupant and a variety of uses, including the potential for conversion into additional residential units. The building has undergone a comprehensive reconstruction, including new electrical, plumbing, heating systems, framing, windows, masonry, flooring, bathrooms, lighting, doors, and common areas. All work was completed in accordance with engineering specifications, municipal inspections, and fire safety compliance. With stable residential income already in place and substantial commercial leasing potential, this property presents an excellent opportunity for investors seeking both immediate returns and future growth. Don’t miss out-call today to schedule your showing!
Property details
Overview
- Property Type
- Multiplex
- For
- For Sale
- Status
- Price Change
- Size
- 5,452 sqft
Interior
- Basement
- Full
Building & Systems
- Heating
- Baseboard (Electric)
- Cooling
- Other
- Exterior
- Brick
- Foundation
- Stone
- Roof
- Other
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 64 x 136 Feet
- Parking
- None garage
- Zoning
- C1
Financial
- Property Taxes
- $7,545 (2026)
Location
- Neighbourhood
- Ward 2
- Direction Faces
- West
Listing
- MLS® Number
- X13887354
- Days on Market
- 122
- Listed On
- 2026-06-18
- Listed By
- Century 21 Choice Realty Inc.
Features
Interior
- Other
Pool
- None
- Included
- 9 Fridges and 9 Stoves
- Excluded
- Tenant Belongings
- Rental items
- N/A
Mortgage calculator
Estimated mortgage payment
$4,113 per month
- Principal and interest
- $4,113
- Property tax
- $629
- Condo fees
- $0
- Estimated monthly cost
- $4,742
Your mortgage
- Mortgage amount
- $743,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $490,823
Cash to close
- Down payment
- $185,800
- Land transfer tax
- $15,055
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $200,855
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.