$699,900 FOR SALE

Multiplex

238 May Street S
Thunder Bay, ON P7E 1B4

20-unit apartment building on main artery - Exceptional investment opportunity! This 20-unit apartment building, ideally situated on a main artery, is a rare opportunity for investors seeking a property with excellent income potential. The building features high ceilings throughout, wide hallways, hardwood flooring, some original woodwork, adding character and spaciousness to every unit. Comprised of 14 one-bedroom and 6 bachelor units, the property is equipped with separate hydro meters, offering convenience for tenants and ease of management for owners, the boiler (steam heat) has been replaced within the last 5 years, ensuring efficient heating and reduced maintenance costs. Recent fire & electrical inspections have been completed. With its prime location and solid infrastructure, this building is perfect for long-term rental income in a high-demand area. Don't miss out on this lucrative investment - contact today for more details. Visit www.century21superior.com for more info and pics. (id:47423)

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Listed By CENTURY 21 SUPERIOR REALTY INC.
Data Provided By Thunder Bay Real Estate Board
MLS® Listing Number TB250050
Last Updated Jan 10, 2025
Property Summary
Property Type Multiplex

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Community Thunder Bay
Price History
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Detailed Information
Communication Type High Speed Internet
Community Features Bus Route
Listing Contract Date 2025-01-07
Location Description Corner of Arthur Street & May Street
Municipal ID 620730056
Property Type Multi-family
Storage Storage Shed
Structures Workshop
Transaction Type For sale
Building
Age over 26 years
Basement Type Full
Exterior Finish Brick
Foundation Type Concrete Perimeter
Heating Type Boiler
Stories Total 3
Type Multi-Family
Utility Water Municipal water
Parking Spaces
Name Spaces
Rear
Utilities
Type Description
CableAvailable
ElectricityAvailable
Natural GasAvailable
TelephoneAvailable
Land
Total Size under 1/2 acre
Access Type Road access
Sewer Municipal sewage system

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