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55 Meredith Street, Gore Bay, Manitoulin Island, Ontario, P0P 1H0

MLS® # 2117080
Commercial For Sale In Gore Bay, Manitoulin Island, Ontario
$485,000
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
55 Meredith Street, Gore Bay, Manitoulin Island, ON
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ACTIVE
55 Meredith Street, Gore Bay, Manitoulin Island, Ontario, P0P 1H0
$485,000

Property Information:

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. Additionally, the building houses a well-established restaurant, renowned for its loyal customer base and vibrant community presence. The restaurant space is thoughtfully designed with ample seating, a fully equipped kitchen, and inviting ambiance, perfect for attracting both locals and tourists. Whether you’re an aspiring restaurateur or a seasoned business owner, this property provides the perfect platform to run a successful restaurant. The basement offers additional rental space with its own front door entrance, ideal for a small business, office, or retail shop. This flexible space can be tailored to suit various tenant needs, enhancing the property’s income potential. Located in a picturesque setting, the building enjoys high visibility and foot traffic, making it an attractive destination for residents and visitors alike. Gore Bay’s scenic beauty, combined with its strong sense of community, ensures a consistent demand for both residential and commercial spaces. This property is a fantastic income generator with multiple revenue streams and significant potential for growth. Don’t miss out on this unique opportunity to invest in a thriving community and run a profitable restaurant business. (id:7525)

Building Features:

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

Property Features:

  • OwnershipType: Freehold
  • Property Type: Business
  • Access Type: Year-round access
  • Fence Type: Not fenced
  • Road Type: Paved road
  • Storage Type: Storage in Basement
  • Zoning: C1
  • Sewer: Municipal sewage system

REALTOR.ca  

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Market Price Trends

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Location of 55 Meredith Street, Gore Bay, Manitoulin Island, Ontario, P0P 1H0

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

46/100

Moderate

ClimateCheck®

Current data

This property, 55 Meredith Street , experiences 7 hot days per year at around 28.2 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 31.5 degrees Celsius.

Projected Avg. Temperature

Past
28.2℃
2050
31.5℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 55 Meredith Street , experiences 11 significant 2-day storms per year, with about 296.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 380.2mm of precipitation per year.

Precipitation Per Storm

Past
296.5mm
2050
380.2mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 55 Meredith Street, Gore Bay, Manitoulin Island, Ontario, P0P 1H0

Life Stage

Families with Tweens

Employment Type

Mixed

Average Household Income

$93,028.06

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.23 %

High school certificate or equivalent

37.88 %

Apprenticeship trade certificate/diploma

7.67 %

College/non-university certificate

22.49 %

University certificate (below bachelor)

0.69 %

University Degree

11.05 %

Commuter

Travel To Work

By Car

80.34 %

By Public Transit

0.0 %

By Walking

13.54 %

By Bicycle

0.0 %

By Other Methods

6.12 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

19.46 %

Houses

80.54 %

Own Vs. Rent

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