397 Empire Avenue, Thunder Bay, ON, P7E 4S3

MLS® # TB2601223

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House For Sale In Thunder Bay

$1,490,000

None Beds

QuickQuote^TM: $1.5M - $1.9M

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397 Empire Avenue, Thunder Bay, ON, P7E 4S3

$1,490,000

Property Information:

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 Features:

Annual Tax Amount: $9,857
Access: Municipal Road
Basement: Full Basement
Built in: 2025
Driveway Details: Asphalt
Exterior Finish: Aluminum Siding, Vinyl, Other
Foundation: Styrofoam Block
Heating Source: Natural Gas
Lot Depth: 119.95 Feet
Lot Frontage: 62.27 Feet
Property Features: Air Exchanger, Laundry Facility
Property Size: 0.0 - 0.49 Acres
Roof Type: Asphalt
Services Available: Bus Service, Garbage PickUp, High Speed Internet, Hydro, Natural Gas, Street Lights, Telephone
Sewer/Septic: Sewer
Water/Well: Municipal Water
Zoning: UM
Heating Type: Forced Air, See Remarks