$588,000
Gore Bay, Manitoulin Island
Gore Bay, Manitoulin Island, Ontario, P0P1H0
This 4-bedroom, 2-bathroom home in Gore Bay, Manitoulin Island is for sale offering roughly 2,750 sq ft of space. Its $588,000 asking price sits right in line with the $588,000 median in Gore Bay, Manitoulin Island. It has been on the market 98 days, fresher than the Gore Bay, Manitoulin Island average of 126 days.
Welcome to 24 Gore Street, a truly unique property offering history, privacy, income potential and exceptional versatility in the heart of Gore Bay. The original portion of this approximately 2,500 sq. ft. home dates back to 1870 and retains charming features, including the original front door, working doorbell and staircase. The spacious main level features a large rear entrance, ample storage, a home office, laundry room and an impressive kitchen with abundant cabinetry, updated countertops and backsplash, an electric corner fireplace and adjoining dining area. A comfortable living room, bedroom with sitting area, sunroom and side deck with screened gazebo complete this level. Upstairs offers two additional bedrooms, a four-piece bathroom with Jacuzzi tub, and a generous primary suite with an electric fireplace, walk-in closet and private den. Set on an irregular lot with frontage on both Gore and Hall Streets, the backyard feels like a private woodland retreat. Two year-round creeks flow through the property, with stairs leading to an enclosed gazebo and swing. Enjoy frequent visits from deer, a gated vintage garden, greenhouse, raised brick pond and secluded fire-pit area. A registered three-season bunkie is currently operated as an Airbnb and includes sleeping space, a kitchenette and three-piece bathroom. The large drive-through garage provides room for vehicles, hobbies, a workshop or a future business, with additional loft storage. Zoned both commercial and residential, this property is filled with possibilities for a growing family, home-based business, rental income or multi-purpose living. A generator powering most of the home is included, and the sellers are willing to include the furnishings at the listed price. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 98 days on market, against an average age of 126 days across the listings currently for sale in this city
This 4-bed single family in Gore Bay, Manitoulin Island has been listed for 98 days, which is 28 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 $588,000, about 9.2× the local median household income of $64,000.
Carrying it typically needs a household income of about $114,857 (20% down, 25-yr amortization, stress-tested) — roughly 79% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0P)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.