WOW! So many offers! Bidding war! 4 Plex in a PRIME Location! Spectacular cityscape views! Close to both Lakehead University and the Law School, this investment property’s luxury suites boast stunning features; a unique amethyst stone wall & newly finished granite kitchen! IFind Thunder Bay has unlocked a prime investment property at 409 & 411 John Street overlooking stunning Lake Superior and the Sleeping Giant! Backing onto Oliver Road, the earning potential of this multi unit property is very attractive. Completely rent all units for upwards of $5000+ monthly income (students pay $600 per person and $1000 per 1 bedroom apartment). Each unit has their own hydro meters. 3 units have their own furnaces. This SOLID brick structure built in 1968 features two, double level, luxury units with 3 bedrooms, 1.5 baths, front door and patio access! Two lower units house 1 bedroom and 1 bathroom each and have walk out basement entrances. Parking is never an issue with ample space at the front and in the fully paved lot to the rear of the property leading up to the newly constructed deck and stair cases over a massive concrete slab! An investment worth tens of thousand of dollars completed in 2018
✅ many updates and renovations throughout
✅ lot size 66×121
✅ total living space approx 4030 square feet
✅ common laundry – coin op included!
✅ waterproofing done 2018
✅ new shingles
✅ new soffit, fascia,eavestrough.
✅ zoned C1/R2
✅ *all units currently rented* Present income $4425.00/mth. All utilities paid by tenants, landlord pays hydro for only 1 of the lower units!
Turn-key🔑investments like this are few and far between! With incredibly low property taxes of approx $3600 and an asking price of $549,900 make this 4 plex an investment for years to come. *Viewings to commence after April 1st*
- $5000+ Income Potential
- 4 Plex
- New Deck and Concrete Work
- Newly Renovated
- Prime Location
- Water Protection