167 Gore ST
Sault Ste. Marie, Ontario
Multi-family
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!
Price History
Schools
Secondary
- St Mary's College Separate School0.4 km
Catholic · Huron-Superior CDSB · 940 students
Grade 10 literacy: 82% met the provincial standard
- École secondaire Notre-Dame-du-Sault0.9 km
French Catholic · CSDC du Nouvel-Ontario
- Algoma Education Connection Secondary School3 km
Public · Algoma DSB · 155 students
Elementary
- St. Basil Catholic School0.9 km
Catholic · Huron-Superior CDSB · 725 students
Grade 3 reading: 49% met the provincial standard · Grade 6 math: 14% met the provincial standard
- Northern Heights Public School1.5 km
Public · Algoma DSB · 240 students
Grade 3 reading: 60% met the provincial standard · Grade 6 math: 33% met the provincial standard
- École élémentaire Notre-Dame-du-Sault1.5 km
French Catholic · CSDC du Nouvel-Ontario · 215 students
Grade 3 reading: 43% met the provincial standard · Grade 6 math: 55% 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 P6A
- Population
- 33,800
- Private dwellings
- 16,498
- Median age
- 47.2
- Average household size
- 2.2
- Median household income
- $78,000
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
Multi-family in Sault Ste. Marie · 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 multi-family properties in Sault Ste. Marie over the last 12 months.
Location
Mortgage Calculator
$185,800
Estimated Monthly Payment
$4,564
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,564/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $232/mo
Estimates only. Consult a financial advisor.
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