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$ 849,900
Est. payment /mo
New
350 BAY STREET Thunder Bay, ON P7B1S3
9 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500 - 5000
Subdivision Court / Cumberland
MLS® Listing ID X14082380
Bedrooms 9
Property 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:24570)
Location
State ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 3.35 m X 3.35 m Bedroom
Extra Room 2 Second level 3.35 m X 3.35 m Bedroom 2
Extra Room 3 Second level 3.35 m X 3.35 m Bedroom 3
Extra Room 4 Second level 3.96 m X 3.35 m Kitchen
Extra Room 5 Second level 4.88 m X 3.35 m Living room
Extra Room 6 Third level 3.35 m X 3.05 m Bedroom
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage No
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by Royal LePage® Lannon Realty