221 & 223 Bruce Street
Thunder Bay, Ontario
- Multi-family
This fully rented 4-unit multi-family income property is an excellent investment opportunity in a desirable northside location, featuring three well-appointed 2-bedroom units and a tidy bachelor apartment. The building has seen valuable updates, including newer kitchen cabinets installed within the last four years, most windows replaced and aluminum capped, and shingles updated in 2012. With three separate hydro meters and solid overall condition throughout, this property offers reliable cash flow and low-maintenance ownership - an ideal addition to any investor’s portfolio. Visit www.century21superior.com for more info
Price History
Schools
Elementary
- Bishop Gallagher Senior Catholic Elementary School0.4 km
Catholic · Thunder Bay CDSB · 230 students
- St Margaret Catholic Elementary School0.6 km
Catholic · Thunder Bay CDSB · 205 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 30% met the provincial standard
- Vance Chapman Public School0.8 km
Public · Lakehead DSB · 200 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 41% met the provincial standard
Secondary
- Superior Collegiate and Vocational Institute0.7 km
Public · Lakehead DSB · 685 students
Grade 10 literacy: 76% met the provincial standard
- École secondaire catholique de La Vérendrye1.3 km
French Catholic · CSDC des Aurores boréales · 135 students
Grade 10 literacy: 90% met the provincial standard
- Hammarskjold High School2.1 km
Public · Lakehead DSB · 960 students
Grade 10 literacy: 88% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P7A
- Population
- 28,587
- Private dwellings
- 14,359
- Median age
- 47.2
- Average household size
- 2.1
- Median household income
- $78,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Thunder Bay · last 12 months
- Median sold price
- $410,000
- Homes sold
- 303
- Median days on market
- 14
- Sale-to-list price
- 106.8%
Based on 303 recorded sales of multi-family properties in Thunder Bay over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$129,980
Estimated Monthly Payment
$3,193
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,193/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $162/mo
Estimates only. Consult a financial advisor.
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