Gurvinder Nokwal REALTOR®
For Sale Multiplex 122 days on market

$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
Map

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

Minimum for this price: $67,900 (7.31%)

Amortization, years

Estimated mortgage payment

$4,113 per month

Principal and interest
$4,113
Property tax
$629
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
Total, before legal fees
$200,855
Talk to me about financing

Estimates 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

167 Gore Street, Sault Ste Marie, ON P6A 1M3 Ward 2, Sault Ste Marie, ON P6A 1M3
Open in Google Maps

Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$929,000 167 Gore Street, Sault Ste Marie, ON P6A 1M3
Request a showing