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Gore Bay, Manitoulin Island, Ontario

Other

$484,000

Discover the perfect blend of historic charm and modern functionality with this beautifully renovated two-storey mixed-use commercial building located in the heart of downtown Gore Bay. Originally built in 1896, the building has been thoughtfully updated throughout and is completely move-in ready. The main floor features a spacious commercial office space that includes a welcoming reception area, a large private office, an expansive storage area, and an additional room that could serve as a second office, meeting room, or flexible workspace. The second and third floors are comprised of two separate residential units. The front unit, currently rented on a month-to-month basis, offers a private entrance, one bedroom, an open-concept living area, and a four-piece bathroom that's ideal for long-term or short-term rental. The rear unit is currently used as an Airbnb and includes a full kitchen, living room, bedroom, four-piece bath, and laundry room with washer and dryer. It also features a finished loft with a second living area, an additional bedroom, and a sink, providing plenty of space for guests or extended stays. This versatile and fully updated property presents an excellent opportunity for investors, entrepreneurs, or anyone looking to combine commercial and residential space in one of Manitoulin Island’s most picturesque and bustling communities.

Price History

Schools

Elementary

  • Charles C McLean Public School0.6 km

    Public · Rainbow DSB · 175 students

    Grade 3 reading: 54% met the provincial standard · Grade 6 math: 25% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area P0P

Population
20,285
Private dwellings
12,782
Median age
50.8
Average household size
2.3
Median household income
$64,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Other in Gore Bay, Manitoulin Island · last 12 months

Median sold price
$0
Homes sold
0
Median days on market
0
Sale-to-list price
0.0%

Based on 0 recorded sales of other properties in Gore Bay, Manitoulin Island over the last 12 months.

Location

Mortgage Calculator

$96,800

Estimated Monthly Payment

$2,378

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $2,378/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $121/mo

Estimates only. Consult a financial advisor.

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