Gurvinder Nokwal REALTOR®
For Sale Multiplex 144 days on market

$1,490,000

Est. payment $6,597/moCalculate yours

397 Empire Avenue, Thunder Bay, ON P7E 4S3

Westfort, Thunder Bay, ON P7E 4S3

  • 4,824 Sq Ft
Map

Listing courtesy of ROYAL LEPAGE LANNON REALTY MLS® X13250594

About this home

PREMIER INVESTMENT OPPORTUNITY: BRAND NEW, FULLY RENTED 4-PLEX! Secure your future with this turn-key investment property-a stunning, newly constructed 4-plex in a quiet, highly desirable pocket of Westfort. This property is built to attract and retain quality tenants, boasting superior construction including an ICF basement for unmatched efficiency. Each of the four currently rented units offers 2 bedrooms, premium features like granite countertops, open-concept living, in-suite laundry, individual heating systems, hot water on demand, and separate entrances and driveways. Its prime location offers residents walkable access to bus routes, schools, parks, and Westfort Village amenities. With all four units currently rented, this is a rare chance to acquire a fully stabilized income property providing immediate, stable cash flow. Don’t miss out on this low-risk, high-return asset; contact agent for the full investment package.(PICTURES ARE BEFORE TENANTED - All units have the same quality with different finishings for both 397 and 401 Empire) (Adjacent 4plex also for sale) Apt A - $2250; Apt B - $2250; Apt C - $2150. Apt D - $2250 - All rents plus Heat and Hydro.

Property details

Overview

Property Type
Multiplex
For
For Sale
Status
New
Approximate Age
0-5
Size
4,824 sqft

Interior

Basement
Full

Building & Systems

Heating
Other (Gas)
Cooling
Other
Exterior
Vinyl Siding, Aluminum Siding, Other
Foundation
Other
Roof
Asphalt Rolled
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
62.27 x 119.95 Feet
Parking
None garage
Zoning
Urban Mid-Rise Zone

Financial

Property Taxes
$9,857 (2025)

Location

Neighbourhood
Westfort
Cross Street
Corner of Sprague and Empire
Direction Faces
North

Listing

MLS® Number
X13250594
Days on Market
144
Listed On
2026-05-27
Possession
Anytime
Listed By
ROYAL LEPAGE LANNON REALTY

Features

Interior

  • Other

Pool

  • None
Included
4 fridges, 4 stoves, 4 washers, 4 dryers, 4 dishwashers, all light fixtures.
Excluded
Tenants belongings
Rental items
None

Mortgage calculator

Minimum for this price: $124,000 (8.32%)

Amortization, years

Estimated mortgage payment

$6,597 per month

Principal and interest
$6,597
Property tax
$821
Estimated monthly cost
$7,419

Your mortgage

Mortgage amount
$1,192,000
Mortgage insurance
Not needed
Interest over 25 years
$787,219

Cash to close

Down payment
$298,000
Land transfer tax
$26,275
Total, before legal fees
$324,275
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

397 Empire Avenue, Thunder Bay, ON P7E 4S3 Westfort, Thunder Bay, ON P7E 4S3
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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).

$1,490,000 397 Empire Avenue, Thunder Bay, ON P7E 4S3
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