401 Empire AVE
Thunder Bay, Ontario
Multi-family
PREMIER INVESTMENT OPPORTUNITY: BRAND NEW, FULLY RENTED 4-PLEX! Secure your future with this turn-key investment property—a stunning, newly constructed 4-plex in a quiet, highly desirable pocket of Westfort. This property is built to attract and retain quality tenants, boasting superior construction including an ICF basement for unmatched efficiency. Each of the four currently rented units offers 2 bedrooms, premium features like granite countertops, open-concept living, in-suite laundry, individual heating systems, hot water on demand, and separate entrances and driveways. Its prime location offers residents walkable access to bus routes, schools, parks, and Westfort Village amenities. This is a rare chance to acquire a fully stabilized income property providing immediate, stable cash flow. Don't miss out on this low-risk, high-return asset; contact agent for the full investment package.(PICTURES ARE BEFORE TENANTED) (Adjacent 4plex also for sale) (Apt A - $2450; Apt B - $2250; Apt C $2250; Apt D $2250 all rents plus heat and hydro.
Price History
Schools
Elementary
- St Elizabeth Catholic Elementary School0.2 km
Catholic · Thunder Bay CDSB · 255 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 48% met the provincial standard
- Kingsway Park Public School0.4 km
Public · Lakehead DSB · 390 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 30% met the provincial standard
- St Martin Catholic Elementary School1.2 km
Catholic · Thunder Bay CDSB · 470 students
Grade 3 reading: 74% met the provincial standard · Grade 6 math: 38% met the provincial standard
Secondary
- St Patrick High School0.4 km
Catholic · Thunder Bay CDSB · 1030 students
Grade 10 literacy: 76% met the provincial standard
- TB Catholic Alternative Education0.4 km
Catholic · Thunder Bay CDSB
- Lakehead Alternative School1.4 km
Public · Lakehead DSB
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 P7E
- Population
- 20,897
- Private dwellings
- 10,401
- Median age
- 44.4
- Average household size
- 2.1
- Median household income
- $68,500
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
- 239
- Median days on market
- 14
- Sale-to-list price
- 107.5%
Based on 239 recorded sales of multi-family properties in Thunder Bay over the last 12 months.
Location
Mortgage Calculator
$298,000
Estimated Monthly Payment
$7,320
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,320/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $373/mo
Estimates only. Consult a financial advisor.
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