39-41 Junot Avenue South, Thunder Bay (Forest Park), Ontario, P7B4X5
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$579,900
Thunder Bay
This multi-family property in Thunder Bay is for sale offering roughly 1,750 sq ft of space.
Excellent Investment Opportunity! This fully rented 3-unit residential income property is a great addition to any investment portfolio-or the perfect opportunity to live in one unit and rent out the other two to help cover your expenses! Conveniently located on a main bus route and close to shopping, schools and all amenities. Each unit features separate hydro meters, appliances are included, and the property offers a detached garage. Whether you're an experienced investor or looking to get into the market with some help from rental income, this is an opportunity worth checking out. Fully occupied and generating income from day one! (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 43 days on market, against an average age of 21 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 8-bed multi-family in Thunder Bay (Forest 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 $579,900, about 8.3× the local median household income of $70,000.
Carrying it typically needs a household income of about $113,275 (20% down, 25-yr amortization, stress-tested) — roughly 62% above the area median.
Source: Statistics Canada, 2021 Census (FSA P7B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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