350 Bay Street,Thunder Bay (Court / Cumberland), ON P7B1S3
Thunder Bay (Court / Cumberland), ON P7B1S3
Description
An exceptional turnkey investment opportunity with rare vacant possession on closing! This fully renovated and permitted triplex (converted in 2013/14) comes documented with all permits, structural/engineering drawings, and fire reports-everything has been done right. The property features 3 spacious, self-contained 3-bedroom, 2-bathroom apartments (1,280 sq ft each) with matching layouts, finishings, in-suite laundry, individual furnaces, central A/C, and separate 100-amp panels. Tenants pay their own hydro, heat, and Wi-Fi, leaving the landlord responsible only for common elements (equipped with hardwired security cameras). The basement offers dedicated tenant storage with large open undeveloped area. Past rents ranged from $2,180-$2,350/mo plus utilities option for more. Key updates include shingles, windows, plumbing, electrical, insulation, drywall, lighting, bathrooms, flooring, appliances, A/C, furnaces, 2 sump pumps, and a backwater valve and so much more!!! Outside features ample parking with expansion space. Well-maintained with annual fire inspections, this gem is near the marina, law school, transit, and top amenities. Top floor boasts Lake Superior views and high ceilings. 2 units vacant now; 3rd vacant Nov 1st. Nothing left to do-just lease the units at top market rates and enjoy a hassle-free, low-maintenance property. (id:13843)
Details
| MLS # | X14082380 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 9 |
| Listing Provided By | Royal LePage® Lannon Realty | Becky Forester |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,500 |
| Basement | Y |
| Story(s) | 3 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Gas stove(s), Dishwasher, Microwave |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Sump Pump |
|---|---|
| Foundation Details | Poured Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 6 |
Utilities
| Utilities | Sewer, Electricity |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6720 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Thunder Bay (Court / Cumberland) |
| Postal Code | P7B1S3 |
| Listing VS Median (in P7B1S3) | |
Price: $849,900 low | high Med: $849,900 sqft: 3,500 low | high Med: 3,500 $ / sqft: $243 low | high Med: $243 On site: 9 low | high Med: 9 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Thunder Bay (Court / Cumberland) |
| Postal Code | P7B1S3 |
| Listing VS Median (in P7B1S3) | |
Price: $849,900 low | high Med: $849,900 sqft: 3,500 low | high Med: 3,500 $ / sqft: $243 low | high Med: $243 On site: 9 low | high Med: 9 | |
