38-42 CUMBERLAND, Thunder Bay (Court / Cumberland) - Multi-family for Sale
38-42 CUMBERLAND, Thunder Bay (Court / Cumberland), Ontario, P7B2T5
66 × 120 ft (7,920 sq ft) lot sizeListed 131 days ago
Overview
This multi-family property in Thunder Bay is for sale.
Description
Get yourself a historic piece of Downtown P.A. 17 residential units + 2 Commercial units. Timeless, classic exterior, great downtown location. Some units are rented, some are vacant. Call today for more details. (id:66096)
Property Details
- MLS®
- X13493396
- Property Type
- Multi-family
- Lot Size
- 66 × 120 ft (7,920 sq ft)
- Frontage
- 66 ft
- Basement
- Full
- Heating
- Baseboard heaters, Electric, Natural gas, Other
- Property Tax
- $26,000/yr
- Listed
- 131 days ago
Features
- Exterior
- Brick
Services
- Water
- Municipal water
- Sewer
- Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
131d
Thunder Bay (Court / Cumberland) listings, avg age
67d
List price
$2.50M
Long Listed: 131 days on market, against an average age of 67 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.
Haho
This multi-family in Thunder Bay (Court / Cumberland) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by Royal LePage® Lannon Realty · Zac Donatis
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (P7B)
This home lists at $2,500,000, about 35.7× the local median household income of $70,000.
Carrying it typically needs a household income of about $488,338 (20% down, 25-yr amortization, stress-tested) — roughly 598% above the area median.
- Median household income
- $70,000
- Population
- 22,675
- Median age
- 40.8
- Owner / renter
- 55% / 45%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA P7B)
$2,500,000
For saleBook a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Full Cost Breakdown
Loading rates, 30-yr amortization
Down Payment20% · $500,000
Min 20%50%
Mortgage payment$10,662/mo
Property tax (est.)$2,167/mo
Total monthly$12,829
Cash Needed to Close
Down payment (20%)$500,000
Land transfer tax$48,975
Est. closing costs$10,000
Total cash needed$558,975
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
For saleJust listed
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271 Wilson Street, Thunder Bay (Court / Cumberland), Ontario, P7B1N1
6 bd3 ba3 pk1,750 ft²Lot size 48 × 100 ft (4,810 sq ft)
Listed by Royal LePage® Lannon Realty
For sale
20 days ago
$850K
350 Bay Street, Thunder Bay (Court / Cumberland), Ontario, P7B1S3
9 bd6 ba6 pk4,250 ft²Lot size 66 × 100 ft (6,600 sq ft)
Listed by Royal LePage® Lannon Realty
For sale
92 days ago
$535K
218 Powley Street, Thunder Bay (Court / Cumberland), Ontario, P7A2K9
Lot size 52 × 120 ft (6,240 sq ft)
Listed by Re/Max First Choice Realty Ltd.
Investment analysis
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$2,500,000
Thunder Bay