$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
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
Estimated mortgage payment
$1,838 per month
- Principal and interest
- $1,838
- Property tax
- $454
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $87,775
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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