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$ 598,800
Est. payment | /mo
$ 598,800
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID X13139310
Annual Tax Amount $5,590
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
An exceptional opportunity in the heart of Gore Bay. 58 Meredith Street is a thriving mixed use commercial investment offering incredible flexibility, multiple income streams, and endless potential in one of Manitoulin Island's busiest seasonal destinations. Currently operating as a successful year round business, the vibrant main floor commercial space features wine making services, party rental supplies, coffee offerings, local artisan products and more, drawing both loyal local clientele and seasonal tourist traffic. The property consists of two connected storefronts currently operating as one expansive retail space, allowing future owners the option to continue the existing business model or reconfigure to suit their vision. With strong exposure in a high traffic downtown location, the possibilities are extensive from specialty retail and café concepts to a butcher shop, bakery, boutique market, or other entrepreneurial ventures catering to the growing Manitoulin market. At the rear of the building, a large receiving area with bay door provides excellent functionality for deliveries, storage, and operations, while also offering dedicated tenant parking. Upstairs, the property features four residential apartments providing valuable additional income potential. The units include two spacious 2-bedroom apartments with loft areas, one 1-bedroom unit, and an additional 2-bedroom apartment, making this an attractive opportunity for investors or owner operators seeking diversified revenue streams. Located in the vibrant waterfront community of Gore Bay, known for its marina, tourism, festivals, and growing seasonal economy, this is a rare chance to invest in a landmark commercial property with strong existing infrastructure and room for future growth.
Location
Province ON
County Manitoulin
Area Manitoulin
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 57.0
Lot Depth 137.0
Others
Security Features No
ParcelsYN No
Listed by EXP REALTY
Nearby Locations
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