851 & 853 Newport Ave
Thunder Bay, Ontario
- Multi-family
Exceptional investment opportunity! This impeccably maintained duplex is located in a fantastic, highly desirable area and offers outstanding condition, strong rental appeal, and excellent long-term potential. Each unit offers in-suite laundry, with the lower-level unit featuring a cozy gas fireplace, while Unit 853 boasts a private back deck and was completely renovated in 2023. A survey is available for added peace of mind. The property has been lovingly cared for over the years, with shingles replaced in 2013, and Unit 853 includes a newer hi-efficient gas furnace in 2024. Excellent month-to-month tenants are already in place and would love to stay, making this a true turnkey income property. Beautifully kept inside and out, in an exceptional location. This is a rare opportunity to own a quality multi-family property in outstanding condition. A must see - great property and area! Visit www.century21superior.com for more info & pics.
Price History
Schools
Elementary
- Vance Chapman Public School0.7 km
Public · Lakehead DSB · 200 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 41% met the provincial standard
- St Margaret Catholic Elementary School1.1 km
Catholic · Thunder Bay CDSB · 205 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 30% met the provincial standard
- Bishop Gallagher Senior Catholic Elementary School1.2 km
Catholic · Thunder Bay CDSB · 230 students
Secondary
- St Ignatius High School1.6 km
Catholic · Thunder Bay CDSB · 1045 students
Grade 10 literacy: 85% met the provincial standard
- Superior Collegiate and Vocational Institute1.8 km
Public · Lakehead DSB · 685 students
Grade 10 literacy: 76% met the provincial standard
- École secondaire catholique de La Vérendrye2.4 km
French Catholic · CSDC des Aurores boréales · 135 students
Grade 10 literacy: 90% 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
- $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 Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$119,980
Estimated Monthly Payment
$2,947
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: $2,947/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $150/mo
Estimates only. Consult a financial advisor.
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