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$ 478,000
Est. payment /mo
Active
55 Meredith Street Gore Bay Manitoulin Island, ON P0P1H0
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2124220
Property Sub-Type Freehold
Source Sudbury Real Estate Board
Property Description
Tucked in the charming town of Gore Bay on the west end of Manitoulin Island, this prime mixed-use building offers an exceptional investment opportunity. The property features three well-maintained residential apartments, providing steady rental income. The main level currently houses a restaurant space, with the option to purchase the existing restaurant equipment separately—allowing flexibility for a new owner to continue operating a restaurant or to repurpose the space for another business venture. The basement offers additional rental space with its own front-door entrance, ideal for a small business, office, or retail shop. This versatile layout can be tailored to suit various tenant needs, enhancing the property's overall income potential. Located in a picturesque setting, the building benefits from high visibility and foot traffic, making it an attractive destination for both residents and visitors alike. Gore Bay's scenic beauty, combined with its strong sense of community, ensures consistent demand for residential and commercial spaces. This property presents a fantastic income-generating opportunity with multiple revenue streams and room for growth. Don't miss the chance to invest in a thriving community and make this landmark building your own. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Flooring Laminate, Tile, Vinyl
Exterior
Parking Features No
Fence Not fenced
View Y/N No
Roof Type Unknown
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE (MINDEMOYA)