For Sale

$478,000

55 Meredith Street , Gore Bay, Manitoulin Island, Ontario P0P1H0

Remarks

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:27)

Property Summary

  • Zoning: C1

Property Features:

  • Access Type:
    Year-round access
  • Equipment Type:
    Propane Tank
  • Fence Type:
    Not fenced
  • Ownership Type:
    Freehold
  • Property Type:
    Other
  • Rental Equipment Type:
    Propane Tank
  • Road Type:
    Paved road
  • Sewer:
    Municipal sewage system
  • Storage Type:
    Storage in Basement

Building Features:

  • Amenities:
    Balconies , Storefront , Street Lighting
  • Building Type:
    Residential Commercial Mix
  • Exterior Finish:
    Vinyl
  • Fire Protection:
    Smoke Detectors
  • Flooring Type :
    Laminate , Tile , Vinyl
  • Foundation Type:
    Block
  • Heating Type:
    Baseboard heaters
  • Roof Material:
    Asphalt
  • Roof Style:
    Unknown
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