50 ONTARIO ST

Thunder Bay, , P7B3E9, Canada

$719,900

Solid 5-unit income property in a proven rental location. The building contains a desirable unit mix of one 3-bedroom apartment, one 2-bedroom apartment, and three 1-bedroom apartments. This property has a long track record of steady cash flow and has historically leased quickly during vacancies. Units are in good overall condition with a combination of cosmetic updates throughout, including some refinished hardwood floors and newer laminate flooring. Major capital items include five separate hydro meters, updated electrical with individual breaker panels for each unit, copper plumbing, shingles replaced in 2012, and an updated boiler. A digital thermostat allows remote control of the heating system. Additional features include a detached two-car block garage. Tenants pay their own hydro, while the landlord covers water and gas. Excellent opportunity for investors seeking a well-maintained, low-turnover multi-residential asset.

Last updated on : Wednesday 14th of January 2026 09:10:39 PM

ADDRESS

Street : 50 ONTARIO ST

City : Thunder Bay

Country : Canada

Postal Code : P7B3E9

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PROPERTY SUMMARY

Property ID : TB253673

Building Type : Multi-Family

Property Type : Multi-family

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