216 Leith Thunder Bay, Ontario P7C 1M8
$475,000
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. (id:59126)
Property Details
| MLS® Number | TB253278 |
| Property Type | Multi-family |
| Community Name | Thunder Bay |
| Communication Type | High Speed Internet |
| Community Features | Bus Route |
| Features | Balcony |
Building
| Age | Over 26 Years |
| Basement Type | Full |
| Exterior Finish | Vinyl |
| Foundation Type | Concrete Perimeter |
| Stories Total | 2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 25.0000 |
| Size Total Text | Under 1/2 Acre |
Parking
| Gravel |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/29015127/216-leith-thunder-bay-thunder-bay
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October 30 2025 06:43:13
Thunder Bay Real Estate Board
Signature North Realty Inc.
