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$ 719,900
Est. payment /mo
Active
50 Ontario ST Thunder Bay, ON P7B3E9
3,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $239
Subdivision Thunder Bay
MLS® Listing ID TB253673
Source Thunder Bay Real Estate Board
Property Description
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, windows approximately three years old, and a boiler installed in 2015. 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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Boiler
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Listed by ROYAL LEPAGE LANNON REALTY
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