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Ontario
Thunder Bay
216 Leith

$475,000

None Beds

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Thunder Bay ON, P7C 1M8

MLS® # TB253278

Property Information:

This is a fantastic investment opportunity with a fully occupied 5-unit apartment building. The property features five spacious, purpose built 1-bedroom, 1-bathroom apartments, with separate utility meters for electric and gas and their own hot water tanks, ensuring low landlord expenses and hassle-free management. The building is fully occupied, providing stable rental income. It has been well-maintained with many recent updates. Located close to downtown, public transit, and local amenities. It sits on a full, unfinished basement and includes some off street parking. One of the apartments features a huge, South facing, rooftop patio! This turnkey property is perfect for both seasoned investors and those looking to enter the multi-family market, with strong cash flow potential.

Property Features:

Annual Tax Amount: $3,007
Access: Municipal Road
Basement: Full Basement
Driveway Details: Gravel
Exterior Finish: Vinyl
Foundation: Poured Concrete
Heating Source: Electric, Natural Gas
Lot Depth: 100 Feet
Lot Frontage: 25 Feet
Property Features: Balcony
Property Size: 0.0 - 0.49 Acres
Roof Type: Asphalt
Services Available: Bus Service, Cable, Garbage PickUp, High Speed Internet, Hydro, Natural Gas, Private Garbage Disposal, Street Lights, Telephone
Sewer/Septic: Sewer
Water/Well: Municipal Water