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350 Bay Street, Thunder Bay (Court / Cumberland) - Multi-family for Sale
350 Bay Street, Thunder Bay (Court / Cumberland), Ontario, P7B1S3
9 beds6 baths6 parking4,250 ft²66 × 100 ft (6,600 sq ft) lot sizeListed 20 days ago
Overview
This multi-family property in Thunder Bay is for sale offering roughly 4,250 sq ft of space. It has been on the market 20 days, fresher than the Thunder Bay average of 67 days.
An exceptional turnkey investment opportunity with rare vacant possession on closing! This fully renovated and permitted triplex (converted in 2013/14) comes documented with all permits, structural/engineering drawings, and fire reports-everything has been done right. The property features 3 spacious, self-contained 3-bedroom, 2-bathroom apartments (1,280 sq ft each) with matching layouts, finishings, in-suite laundry, individual furnaces, central A/C, and separate 100-amp panels. Tenants pay their own hydro, heat, and Wi-Fi, leaving the landlord responsible only for common elements (equipped with hardwired security cameras). The basement offers dedicated tenant storage with large open undeveloped area. Past rents ranged from $2,180-$2,350/mo plus utilities option for more. Key updates include shingles, windows, plumbing, electrical, insulation, drywall, lighting, bathrooms, flooring, appliances, A/C, furnaces, 2 sump pumps, and a backwater valve and so much more!!! Outside features ample parking with expansion space. Well-maintained with annual fire inspections, this gem is near the marina, law school, transit, and top amenities. Top floor boasts Lake Superior views and high ceilings. 2 units vacant now; 3rd vacant Nov 1st. Nothing left to do-just lease the units at top market rates and enjoy a hassle-free, low-maintenance property. (id:66096)
Property Details
MLS®
X14082380
Property Type
Multi-family
Bedrooms
9
Beds (above / below)
9 above · 0 below
Bathrooms
6
Parking
6
Interior Size
4,250 ft²
Lot Size
66 × 100 ft (6,600 sq ft)
Frontage
66 ft
Storeys
3
Basement
Unfinished, Full, N/A
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Garage
No Garage
Property Tax
$6,720/yr
Listed
20 days ago
Rooms
Main level
Living room
4.88 x 3.58 meters
Kitchen
3.96 x 3.35 meters
Bedroom
3.43 x 3.28 meters
Bedroom 2
3.35 x 3.35 meters
Bedroom 3
3.35 x 3.35 meters
Third level
Bedroom
3.35 x 3.05 meters
Bedroom 2
3.35 x 3.35 meters
Bedroom 3
3.35 x 3.35 meters
Kitchen
3.96 x 3.35 meters
Living room
4.88 x 3.58 meters
Features
Appliances
Washer, Refrigerator, Gas stove(s), Dishwasher, Microwave
Foundation
Poured Concrete
Exterior
Brick, Vinyl siding
Lot Features
Sump Pump
Services
Water
Municipal water
Sewer
Sanitary sewer
Utilities
Sewer, Electricity
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
20d
Thunder Bay (Court / Cumberland) listings, avg age
67d
Price / ft²
$200
List price
$850K
Active: 20 days on market, against an average age of 67 days across the listings currently for sale in this city
Market timing · days on market0 → 67d avg age of current listings
Active · day 20
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.
Haho
This 9-bed multi-family in Thunder Bay (Court / Cumberland) has been listed for 20 days, which is 47 days fresher than the city average of 67. Act while there is still low competition.
