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Thunder Bay, Ontario

Multi-family

$649,900

Exceptional Investment Opportunity – Legal Triplex Near Downtown Core Welcome to this charming and well-maintained triplex offering a fantastic opportunity for investors or owner-occupiers. This unique property features three separate units, combining character, functionality, and strong rental potential in a desirable location close to the vibrant downtown core. The main floor unit offers access to both the main level and basement, featuring 3 bedrooms, 1.5 bathrooms, a spacious kitchen, and a comfortable living area. The second and third floor units each offer 2 bedrooms, a full bathroom, kitchen, and living room, providing excellent space and privacy for tenants. Both upper units are currently rented, while the main floor unit will be available for the new owner to occupy or rent. The property provides ample parking for up to 6 vehicles and includes a 1-car detached garage. Enjoy the outdoor space with a composite deck, along with many updates throughout that add comfort and peace of mind. Full of character and timeless charm, this older-style building showcases beautiful hardwood details and the unique appeal of a classic home. Whether you are looking to expand your investment portfolio or live in one unit while generating rental income, this property offers flexibility and opportunity in a prime location.

Price History

Schools

Elementary

  • École catholique Franco-Supérieur0.3 km

    French Catholic · CSDC des Aurores boréales · 310 students

    Grade 3 reading: 62% met the provincial standard · Grade 6 math: 81% met the provincial standard

  • St James Public School0.3 km

    Public · Lakehead DSB · 205 students

    Grade 6 math: 40% met the provincial standard

  • École catholique de La Vérendrye0.8 km

    French Catholic · CSDC des Aurores boréales · 90 students

Secondary

  • École secondaire catholique de La Vérendrye0.9 km

    French Catholic · CSDC des Aurores boréales · 135 students

    Grade 10 literacy: 90% met the provincial standard

  • Superior Collegiate and Vocational Institute1.1 km

    Public · Lakehead DSB · 685 students

    Grade 10 literacy: 76% met the provincial standard

  • St Ignatius High School2 km

    Catholic · Thunder Bay CDSB · 1045 students

    Grade 10 literacy: 85% 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
$420,000
Homes sold
202
Median days on market
14
Sale-to-list price
107.6%

Based on 202 recorded sales of multi-family properties in Thunder Bay over the last 12 months.

Walk Score

82

Walk

50

Transit

72

Bike

Scores by Walk Score®

Location

Mortgage Calculator

$129,980

Estimated Monthly Payment

$3,193

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $3,193/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $162/mo

Estimates only. Consult a financial advisor.

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