Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.
$519,900
Thunder Bay
114 Caroline Street, Thunder Bay (Green Acres), Ontario, P7E4T6
This 7-bedroom, 4-bathroom home in Thunder Bay is for sale offering roughly 1,300 sq ft of space. Its $519,900 asking price sits right in line with the $519,900 median in Thunder Bay.
One-of-a-kind investment opportunity at 114 Caroline Street! Situated on a generous 66' x 122' lot, this unique property offers an impressive combination of space, flexibility, and income potential. The home features 7 bedrooms, 4 bathrooms, and 3 kitchens, with the current owner utilizing the property as three separate apartments, all currently rented to good tenants.The property has seen numerous updates over the years, including shingles completed in 2021, most windows updated, plumbing upgraded to PEX, and renovations throughout the interior. Additional features include central air conditioning and hot water on demand.Outside, the property offers ample parking spaces and a detached garage with 2 large overhead doors. With its generous lot, flexible layout, multiple living spaces, and established rental setup, this is an excellent opportunity for investors looking to add a unique property to their portfolio. Located in a convenient area close to everyday amenities, 114 Caroline Street offers a combination of rental potential, updates, and versatility that is truly hard to find. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 27 days on market, against an average age of 15 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 24 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 107.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 7-bed single family in Thunder Bay (Green Acres) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $519,900, about 7.6× the local median household income of $68,500.
Carrying it typically needs a household income of about $101,555 (20% down, 25-yr amortization, stress-tested) — roughly 48% above the area median.
Source: Statistics Canada, 2021 Census (FSA P7E)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
