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58 Meredith Street Gore Bay ON

📍 Gore Bay, Ontario P0P 1H0

$598,800

Active
57×137LOT (FT)

📋 Listing Highlights

StatusActive
MLS®X13139310
ListedMay 16, 2026
Days on Market—
Property TypeCommercial
StyleStore W Apt/Office
Cross StreetMeredith St. & Dawson St.
Possessionflexible

📝 Listing 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.

🏠 Property Details

Property TypeCommercial
StyleStore W Apt/Office

📐 Lot & Land

Lot Width57 ft
Lot Depth137 ft
Cross StreetMeredith St. & Dawson St.

🔧 Building & Utilities

HeatingElectric Forced Air
CoolingNo
GarageStreet

💰 Financial

List Price$598,800
Annual Taxes$5,590.59 (2025)
Possessionflexible

🧮 Mortgage Calculator

$119,760
Est. Monthly Payment
$2,942/mo
Principal: $479,040 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by EXP REALTYData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X13139310 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.