




This multi-family in Thunder Bay offers 3,000 sqft of living space. 3 storeys. The home features boiler heating, a full basement.
Solid 5-unit income property in a proven rental location. The building contains a desirable unit mix of one 3-bedroom apartment, one 2-bedroom apartment, and three 1-bedroom apartments. This property has a long track record of steady cash flow and has historically leased quickly during vacancies. Units are in good overall condition with a combination of cosmetic updates throughout, including some refinished hardwood floors and newer laminate flooring. Major capital items include five separate hydro meters, updated electrical with individual breaker panels for each unit, copper plumbing, shingles replaced in 2012, and an updated boiler. A digital thermostat allows remote control of the heating system. Additional features include a detached two-car block garage. Tenants pay their own hydro, while the landlord covers water and gas. Excellent opportunity for investors seeking a well-maintained, low-turnover multi-residential asset. (id:60351)
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Listed by RYAN CAMPBELL, ROYAL LEPAGE LANNON REALTY
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Listing represented by RYAN CAMPBELL, ROYAL LEPAGE LANNON REALTY · MLS# TB253673
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.