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$484,000
Gore Bay, Manitoulin Island
Gore Bay, Manitoulin Island, Ontario, P0P1H0
This other in Gore Bay, Manitoulin Island is for sale. It has been on the market 105 days, fresher than the Gore Bay, Manitoulin Island average of 126 days.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 105 days on market, against an average age of 126 days across the listings currently for sale in this city
This other in Gore Bay, Manitoulin Island has been listed for 105 days, which is 21 days fresher than the city average of 126. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $484,000, about 7.6× the local median household income of $64,000.
Carrying it typically needs a household income of about $94,542 (20% down, 25-yr amortization, stress-tested) — roughly 48% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0P)
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