1012 Victoria AVE E
Thunder Bay, Ontario
Multi-family
5 UNIT INVESTMENT PROPERTY***CASH COW***Current Gross Rent $54,996/y + One Vacant Unit($1500) POTENTIAL for $70k+/y). Well-maintained mixed-use investment property featuring a 4-plex plus a small commercial unit on a high-visibility main arterial street. Current rents: Commercial $800/m+hydro. Apt 1 vacant/demolished (prev. $1,127.50). Apt 2 $893/m+hydro. Apt 3 $1,250/m+hydro. Apt 4 $1,640/m+ hydro; Coin-op laundry+ storage in basement (2 entrances). No basement under commercial. 3 parking. 5 Updated Panels 2021*New Interconnected Smoke Alarms* Commercial Roof 2018 *Main Roof 2006* Boiler 2018*Chimney 2018*Windows-Some 2017*New Vanities 2020* Flooring 2021*Hot Water Tank(Owned)2018. Coin-Op Laundry & Storage in Basement wth 2 Entrances. SOLID INVESTMENT OPPORTUNITY***CALL FOR INFO*** With Separate Hydro Meters & Clear Upside Through Renovation & Repositioning, Excellent Opportunity, PERFECT Investor EXCELLENT CASH FLOW* LONG TERM GROWTH***CALL FOR INFO***
Price History
Property
- Lot Size
- 0.09 acres
Schools
Elementary
- Pope John Paul II Elementary School0.4 km
Catholic · Thunder Bay CDSB · 530 students
- McKellar Park Central Public School0.4 km
Public · Lakehead DSB · 130 students
Grade 3 reading: 90% met the provincial standard · Grade 6 math: 7% met the provincial standard
- St Elizabeth Catholic Elementary School1.3 km
Catholic · Thunder Bay CDSB · 255 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 48% met the provincial standard
Secondary
- St Patrick High School1.2 km
Catholic · Thunder Bay CDSB · 1030 students
Grade 10 literacy: 76% met the provincial standard
- TB Catholic Alternative Education1.2 km
Catholic · Thunder Bay CDSB
- Lakehead Alternative School1.3 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
- 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
$83,800
Estimated Monthly Payment
$2,058
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,058/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $105/mo
Estimates only. Consult a financial advisor.
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