641 Catherine ST
Thunder Bay, Ontario
- Multi-family
New Listing. Welcome to this meticulously maintained four-unit apartment building, perfectly positioned on the corner of Catherine and Walsh. This is a turnkey investment opportunity - waiting for you! Two of the four units have been completely renovated within the past year and are currently vacant—ready for you to set market rents or move in. The remaining two units have updated touches throughout and come with reliable tenants already in place. Every unit features the same smart, functional layout: two bedrooms, a full bathroom, kitchen, and living room with a walk out balcony. Residents will appreciate the off-street parking and the convenience of shared on-site laundry. Whether you’re an investor looking to grow your portfolio or a buyer seeking a property that helps pay for itself, this well-cared-for building checks ALL the boxes. Come see everything this corner property has to offer!
Price History
Schools
Elementary
- St Elizabeth Catholic Elementary School0.5 km
Catholic · Thunder Bay CDSB · 255 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 48% met the provincial standard
- Pope John Paul II Elementary School0.9 km
Catholic · Thunder Bay CDSB · 530 students
- Kingsway Park Public School1.1 km
Public · Lakehead DSB · 390 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 30% met the provincial standard
Secondary
- St Patrick High School0.5 km
Catholic · Thunder Bay CDSB · 1030 students
Grade 10 literacy: 76% met the provincial standard
- TB Catholic Alternative Education0.6 km
Catholic · Thunder Bay CDSB
- Lakehead Alternative School1.6 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
- $412,500
- Homes sold
- 292
- Median days on market
- 14
- Sale-to-list price
- 107.0%
Based on 292 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
$179,980
Estimated Monthly Payment
$4,421
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: $4,421/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $225/mo
Estimates only. Consult a financial advisor.
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