Gurvinder Nokwal REALTOR®
For Sale Multiplex 61 days on market

$415,000

Est. payment $1,838/moCalculate yours

711 Ridgeway Street E, Thunder Bay, ON P7E 5H3

Hyde Park, Thunder Bay, ON P7E 5H3

  • 0 Beds
  • 0 Baths
  • 2,600 Sq Ft
Map

Listing courtesy of REMAX First Choice Realty Ltd. MLS® X13687188

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.

Property details

Overview

Property Type
Multiplex
For
For Sale
Status
New
Size
2,600 sqft

Interior

Bedrooms
0
Bathrooms
0
Kitchens
0
Basement
Full

Building & Systems

Heating
Forced Air (Gas)
Cooling
Other
Exterior
Other
Foundation
Other
Roof
Other
Water
Other

Lot & Parking

Lot Size
54 x 95.25 Feet
Parking
None garage

Financial

Property Taxes
$5,452 (2026)

Location

Neighbourhood
Hyde Park
Cross Street
Off Archibald St. (Corner of Archibald and Ridgeway)
Direction Faces
North

Listing

MLS® Number
X13687188
Days on Market
61
Listed On
2026-08-18
Possession
Immediately
Listed By
REMAX First Choice Realty Ltd.

Features

Interior

  • Other

Pool

  • None
Included
Fridge and Stove in all 3 units, and shared Washer & Dryer (All in as is Condition)
Excluded
None
Rental items
3 Hot water tanks and 1 furnace (Enercare)

Mortgage calculator

Minimum for this price: $20,750 (5%)

Amortization, years

Estimated mortgage payment

$1,838 per month

Principal and interest
$1,838
Property tax
$454
Estimated monthly cost
$2,292

Your mortgage

Mortgage amount
$332,000
Mortgage insurance
Not needed
Interest over 25 years
$219,259

Cash to close

Down payment
$83,000
Land transfer tax
$4,775
Total, before legal fees
$87,775
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

711 Ridgeway Street E, Thunder Bay, ON P7E 5H3 Hyde Park, Thunder Bay, ON P7E 5H3
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$415,000 711 Ridgeway Street E, Thunder Bay, ON P7E 5H3
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