$415,000
711 Ridgeway Street E, Thunder Bay, ON P7E 5H3
Hyde Park · Thunder Bay · P7E 5H3
Listing brokerage: REMAX First Choice Realty Ltd.
- Beds
- Studio
- Baths
- 0
Monthly costs
Property taxes
$454/mo
$5,452 a year (2026)
The home
- Lot size
- 54 × 95.3 ft
- Basement
- Full
- Parking
- None
- Faces
- North
- Heating · cooling
- Forced Air
- Possession
- Immediately
About this home
New Listing! Attention investors! This fully tenanted income property is an exceptional opportunity to add a cash-flowing asset to your portfolio. Featuring three self-contained rental units, this property offers multiple income streams with the convenience of professional property management already in place. The main floor features a spacious 2-bedroom, 1-bathroom unit, while the second-floor unit offers 2 bedrooms, 1 bathroom, a cozy gas fireplace, and a massive private deck that adds tremendous tenant appeal. The third floor is a self-contained bachelor suite, completing this versatile triplex. Adding even more value, the property includes a large garage that is separately rented, creating an additional source of income. With all units and the garage currently rented, this is a true turnkey investment. Whether you're looking to expand your portfolio or purchase your first investment property, this is an opportunity you won't want to miss.
All details19 more from the listing · Interior, Heating, Parking, Exterior, Taxes, Listing
Interior
- Bedrooms
- Studio
- Bathrooms
- 0
- Kitchens
- 0
- Rooms
- 0
- Fireplace
- Natural Gas
Features
- Other
Heating & Cooling
- Heat source
- Gas
Parking
- Covered spaces
- 0
Features
- Other
Exterior & Lot
- Exterior
- Other
- Roof
- Other
- Foundation
- Other
Taxes & Fees
- HST
- Call LBO
Listing
- MLS® number
- X13687188
- Type
- Multiplex
- Transaction
- For Sale
- Neighbourhood
- Hyde Park
- Cross streets
- Off Archibald St. (Corner of Archibald and Ridgeway)
History
Past listings and sales for this home and building.
Location
711 Ridgeway Street E, Thunder Bay, ON P7E 5H3 · Near Off Archibald St. (Corner of Archibald and Ridgeway)
Monthly cost
Estimated monthly cost
$2,292/mo
- Mortgage
- $1,838
- Property tax
- $454
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$89,794
$83,000 down + $6,794 to $8,044 in closing costs
- Ontario land transfer tax
- $4,775
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $269
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
$415,000
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