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350 BAY STREET, Thunder Bay (Court / Cumberland)

9 BEDS · 6 BATHS · 3500 - 5000 sqft

$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 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.

General Info


MLS Listing ID: X14082380 Bedrooms: 9 Bathrooms: 6 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Poured Concrete Roof: N/A Title To Land: N/A Parking Space Total: 6
Parking: No Garage Heating: Forced air Size: 3500 - 5000 sqft Air Conditioning : Central air conditioning
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: N/A (Unfinished), Full
Water Supply: Municipal water Road Type: N/A Pool Type: N/A

Amenities/Features


  • Sump Pump

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