$475,000

House For Sale In Simpson-Ogden, Thunder Bay, Ontario

$475,000

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

Courtesy of: SIGNATURE NORTH REALTY INC.

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