347 Syndicate AVE N
Thunder Bay, Ontario
- Multi-family
LIVE IN ONE UNIT - LET THE OTHER TWO PAY YOUR MORTGAGE! Affordable, professionally managed, legal, 3-unit residential property in good rental area with off street parking (1@3Bed, 1@1Bed, 1@Bach). Live in one unit and offset your mortgage and living expenses with rental income from the other two units. Three well-maintained units are showcased in the photos (fully occupied), and recent capital improvements including roof and mechanical updates reduce near-term risk. Residential financing options are available for 3-unit properties, making this an easy entry into income property ownership. All inclusive rents offer attractive, steady tenant demand. Whether you’re looking to house-hack or expand your portfolio, this property offers flexibility and long-term upside potential! Call or text today to schedule a private showing.
Price History
Schools
Elementary
- McKellar Park Central Public School0.2 km
Public · Lakehead DSB · 130 students
Grade 3 reading: 90% met the provincial standard · Grade 6 math: 7% met the provincial standard
- St Jude Catholic Elementary School0.7 km
Catholic · Thunder Bay CDSB · 150 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 32% met the provincial standard
- Ogden Community Public School0.9 km
Public · Lakehead DSB · 170 students
Grade 3 reading: 94% met the provincial standard · Grade 6 math: 17% met the provincial standard
Secondary
- Lakehead Alternative School1.7 km
Public · Lakehead DSB
- St Patrick High School1.8 km
Catholic · Thunder Bay CDSB · 1030 students
Grade 10 literacy: 76% met the provincial standard
- TB Catholic Alternative Education1.8 km
Catholic · Thunder Bay CDSB
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 P7C
- Population
- 21,695
- Private dwellings
- 10,098
- Median age
- 42.4
- Average household size
- 2.2
- Median household income
- $72,500
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
- $415,000
- Homes sold
- 281
- Median days on market
- 14
- Sale-to-list price
- 107.2%
Based on 281 recorded sales of multi-family properties in Thunder Bay over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$69,900
Estimated Monthly Payment
$1,717
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: $1,717/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $87/mo
Estimates only. Consult a financial advisor.
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