$999,999
Thunder Bay
230 Brodie Street North, Thunder Bay (McKeller Park), Ontario, P7C3S5
This multi-family property in Thunder Bay is for sale.
Exceptional investment opportunity to own a legally recognized 12-unit apartment building in a prime central location. Originally built in 1913, this solid brick and stone character property blends historic charm with significant long-term income potential. Designated as a historical building, the property showcases timeless architectural appeal while benefiting from numerous important updates and improvements over the years. This legal non-conforming 12-plex offers twelve self-contained 1-bedroom units, each featuring a full bathroom, kitchen, living area, and dual entrances. Hardwood flooring exists beneath most floor coverings, with a mix of carpet, vinyl, and linoleum currently throughout. All existing appliances are included in the sale. Extensively maintained, the property features a newer metal roof completed in 2021, updated eavestroughs and downspouts completed in 2026, a 400-amp main electrical service, separately metered units, owned hot water tanks, and a newer natural gas forced-air heating system servicing the basement area, with electric baseboard heating in each individual unit. The front stairwell was added approximately five years ago to satisfy fire code requirements following a satisfactory fire inspection report. Additional improvements and compliance upgrades have also been completed, reflecting pride of ownership and ongoing care. The building sits on a 49.82? x 99.34? lot and offers strong upside potential for investors looking to expand or stabilize their portfolio. Currently tenant parking is street parking only, with future parking considerations potentially available through a minor variance application with the city. This is a rare opportunity to acquire a well-maintained multi-family asset with historical significance, strong rental fundamentals, and long-term value-add potential. Perfect for seasoned investors or those looking to add a unique income-generating property to their portfolio. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 167 days on market, against an average age of 112 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 multi-family in Thunder Bay (McKeller Park) 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 $999,999, about 13.8× the local median household income of $72,500.
Carrying it typically needs a household income of about $195,335 (20% down, 25-yr amortization, stress-tested) — roughly 169% above the area median.
Source: Statistics Canada, 2021 Census (FSA P7C)
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Loading rates, 30-yr amortization
Cash Needed to Close
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