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Thunder Bay, Ontario
Multi-family
New Listing! Attention investors! This fully tenanted income property is an exceptional opportunity to add a cash-flowing asset to your portfolio. Featuring three self-contained rental units, this property offers multiple income streams with the convenience of professional property management already in place. The main floor features a spacious 2-bedroom, 1-bathroom unit, while the second-floor unit offers 2 bedrooms, 1 bathroom, a cozy gas fireplace, and a massive private deck that adds tremendous tenant appeal. The third floor is a self-contained bachelor suite, completing this versatile triplex. Adding even more value, the property includes a large garage that is separately rented, creating an additional source of income. With all units and the garage currently rented, this is a true turnkey investment. Whether you're looking to expand your portfolio or purchase your first investment property, this is an opportunity you won't want to miss. Contact me today to book your private showing.
Price History
Schools
Elementary
- Pope John Paul II Elementary School0.7 km
Catholic · Thunder Bay CDSB · 530 students
- McKellar Park Central Public School0.9 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 School1.1 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 km
Catholic · Thunder Bay CDSB · 1030 students
Grade 10 literacy: 76% met the provincial standard
- TB Catholic Alternative Education1 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
- $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.
Location
Mortgage Calculator
$83,000
Estimated Monthly Payment
$2,039
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,039/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $104/mo
Estimates only. Consult a financial advisor.