Skip to main content
Address not available

Address not available

Thunder Bay, Ontario

Multi-family

$325,000

Attention investors! Here’s an outstanding opportunity to add a vacant income-producing property to your portfolio with the flexibility to set current market rent form day one. Recognized as a legal duplex by the City of Thunder Bay (2021 property report) this spacious 4-bedroom, 2.5 bath home located on a desirable tree-lined street, just steps away from an elementary school and close to parks, shopping, transit and all amenities; an ideal location for attracting quality tenants. The main floor features a kitchen, living room, bedroom and 4-piece bath, while the upper level offers a second kitchen with access to a private balcony, large rear deck, additional bedrooms and a spacious third floor primary suite with a 2-piece bath. A full walk-out basement provides excellent storage and future possibilities, while major updates include high-efficiency natural gas furnace (2022), shingles (2018), windows (2012) sump pump (2013) and backwater valve (2013). A private rear driveway adds convenience and with the property vacant and available for immediate possession, you can renovate, occupy or secure tenants immediately at today’s rental rates Whether you’re looking to expand your investment portfolio or looking for a property with excellent income potential and long-term value, this is an opportunity you don’t want to miss. Visit www.century21superior.com for more info and pics

Price History

Schools

Elementary

  • McKellar Park Central Public School0.1 km

    Public · Lakehead DSB · 130 students

    Grade 3 reading: 90% met the provincial standard · Grade 6 math: 7% met the provincial standard

  • Pope John Paul II Elementary School0.9 km

    Catholic · Thunder Bay CDSB · 530 students

  • St Jude Catholic Elementary School0.9 km

    Catholic · Thunder Bay CDSB · 150 students

    Grade 3 reading: 67% met the provincial standard · Grade 6 math: 32% met the provincial standard

Secondary

  • St Patrick High School1.6 km

    Catholic · Thunder Bay CDSB · 1030 students

    Grade 10 literacy: 76% met the provincial standard

  • TB Catholic Alternative Education1.6 km

    Catholic · Thunder Bay CDSB

  • Lakehead Alternative School1.7 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 P7C

Population
21,695
Private dwellings
10,098
Median age
42.4
Average household size
2.2
Median household income
$72,500

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

86

Walk

49

Transit

81

Bike

Scores by Walk Score®

Location

Mortgage Calculator

$65,000

Estimated Monthly Payment

$1,597

Investment Analysis

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

Mortgage: $1,597/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $81/mo

Estimates only. Consult a financial advisor.

Cookie Preferences