1 Phipps Street, Gore Bay, ON

$179,000
MLS#:X12121089
2 beds
2 baths
1100-1500 sqft
2.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of Gore Bay. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $179,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1100-1500 sqft on a premium 124.08 x 87.07 ft lot
  • Features a ["other"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Other
  • equipped with ["none"] central cooling and highly efficient forced air heating via oil

Selling "AS IS, WHERE IS" ...Tucked away in the quiet charm of Gore Bay on Manitoulin Island lies a unique opportunity for the right buyer a humble two-bedroom, two-bathroom home set on a one-of -a-kind piece of land. Maybe you're a seasoned renovator looking for your next flip project & with a bit of vision elbow grease, this place could be transformed into a cozy haven or be cleared to make way for a custom-built retreat. What makes this lot so unique is the freshwater creek running directly through the back of the property that adds a rare element of wild serenity. For the nature enthusiast, its a built-in feature that cant be replicated. For those looking to rebuild, it's a design asset waiting to be showcased in a new home's layout, perhaps with large windows overlooking it or a footbridge across leading to the secluded grass space on the other side. Although the current home is livable, its age and condition make it a candidate for overhaul renovation. Yet there's an undeniable charm to the place, a sense that this house has stories to tell and more memories to hold. The kitchen is fully equipped with working appliances, ideal for someone who wants to live in the home while making improvements gradually. We have hydro, municipal water & sewer, the heating is provided by a forced-air oil furnace & a pellet stove. The home also includes several storage sheds perfect for storing tools, outdoor equipment, or materials for any renovation plans. For buyers with a vision and the willingness to put in some work, this property represents that you can get into the market at an affordable price. For those ready to roll up their sleeves and invest in their future, this Gore Bay property is more than just a fixer upper. Its a chance to create something lasting in one of Ontario's most beloved regions. Whether you're drawn by the sound of the creek, the draw of the island, or the thrill of transformation, this is the kind of place where dreams can truly take root.

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMay 23, 2025
Sold price information is available to members only
Listed Date5/2/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionVinyl Siding
Lot Size124.08 × 87.07 Feet
CountyManitoulin
Annual Tax$1,784
Legal DescriptionGORE BAY TOWN PLAN 4 W/S PHIPPS ST PT LOT 1 INST 69676

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceOil
Heat TypeForced Air
Cooling["None"]

Features

Property Features

Community Features

Location

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1 Phipps Street, Gore Bay, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1 Phipps Street, Gore Bay, ON P0P 1H0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$143,200
Monthly Mortgage$832
Property Tax (Est.)$149
Utilities & Maint.$350
Total Monthly Cost$1,331

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Gore Bay.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Gore Bay.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$351,950

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.