350 Bay Street Thunder Bay, Ontario P7B 1S3
$849,900
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 potential to convert into a 4th unit (buyer to verify with city). 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:49269)
Property Details
| MLS® Number | X14082380 |
| Property Type | Multi-family |
| Community Name | Court / Cumberland |
| Equipment Type | Water Heater - Gas, Water Heater |
| Features | Sump Pump |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater - Gas, Water Heater |
| Structure | Shed |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 9 |
| Bedrooms Total | 9 |
| Amenities | Separate Electricity Meters |
| Appliances | Dishwasher, Microwave, Gas Stove(s), Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished), Full |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 3,500 - 5,000 Sqft |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 100 Ft |
| Size Total Text | 66 X 100 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
| Second Level | Bedroom 2 | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
| Second Level | Bedroom 3 | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
| Second Level | Kitchen | 3.96 m | 3.35 m | 3.96 m x 3.35 m |
| Second Level | Living Room | 4.88 m | 3.35 m | 4.88 m x 3.35 m |
| Third Level | Bedroom | 3.35 m | 3.05 m | 3.35 m x 3.05 m |
| Third Level | Bedroom 2 | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
| Third Level | Bedroom 3 | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
| Third Level | Kitchen | 3.96 m | 3.35 m | 3.96 m x 3.35 m |
| Third Level | Living Room | 4.88 m | 3.58 m | 4.88 m x 3.58 m |
| Main Level | Living Room | 4.88 m | 3.58 m | 4.88 m x 3.58 m |
| Main Level | Kitchen | 3.96 m | 3.35 m | 3.96 m x 3.35 m |
| Main Level | Bedroom | 3.43 m | 3.28 m | 3.43 m x 3.28 m |
| Main Level | Bedroom 2 | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
| Main Level | Bedroom 3 | 3.35 m | 3.35 m | 3.35 m x 3.35 m |
Utilities
| Electricity | Installed |
| Sewer | Installed |
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October 16 2026 01:23:42
Thunder Bay Real Estate Board
Royal LePage® Lannon Realty