155 Banning ST
Thunder Bay, Ontario
Multi-family
Attention investors! Welcome to 155 Banning Street, a rock-solid multi-unit property offering an incredible, hassle-free addition to your real estate portfolio. This low-maintenance triplex features three spacious, fully occupied units, including one 1-bedroom layout and two 2-bedroom layouts. Extensively updated throughout, the property showcases modern finishes, bright living spaces, and contemporary updates that ensure high tenant satisfaction and reliable rental income from day one. Situated in a central, convenient neighbourhood close to local amenities, public transit, and shopping, this property is perfectly is perfectly poisitioned for long term growth and consistent demand. With all units currently rented to stable tenants, there is absolutely nothing left to do but take over collection and enjoy immediate cash flow. Don't miss out on this pristine, turnkey opportunity in Thunder Bay. Unit A Rent $1575 / month Unit B Rent $2091 / month Unit C Rent $1330 / month
Price History
Schools
Elementary
- Ecole Gron Morgan Public School0.9 km
Public · Lakehead DSB · 770 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 58% met the provincial standard
- Corpus Christi Catholic Elementary School0.9 km
Catholic · Thunder Bay CDSB · 265 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 66% met the provincial standard
- Algonquin Avenue Public School1.4 km
Public · Lakehead DSB · 265 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 23% met the provincial standard
Secondary
- École secondaire catholique de La Vérendrye1.5 km
French Catholic · CSDC des Aurores boréales · 135 students
Grade 10 literacy: 90% met the provincial standard
- Hammarskjold High School1.8 km
Public · Lakehead DSB · 960 students
Grade 10 literacy: 88% met the provincial standard
- Superior Collegiate and Vocational Institute2.1 km
Public · Lakehead DSB · 685 students
Grade 10 literacy: 76% 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 P7B
- Population
- 22,675
- Private dwellings
- 11,110
- Median age
- 40.8
- Average household size
- 2.2
- Median household income
- $70,000
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
- $420,000
- Homes sold
- 203
- Median days on market
- 14
- Sale-to-list price
- 107.6%
Based on 203 recorded sales of multi-family properties in Thunder Bay over the last 12 months.
Location
Mortgage Calculator
$89,980
Estimated Monthly Payment
$2,210
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,210/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $112/mo
Estimates only. Consult a financial advisor.
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