711 Ridgeway Street E, Thunder Bay

$415,000
711 Ridgeway Street E

$415,000

New
66d
Multiplex

711 Ridgeway Street E, Thunder Bay

Total Monthly Obligation $2,503

Beds
0
Baths
0
Park
0
DOM
66d
Property Type-Multiplex
MLS® Number-X13687188
Beds-0
Lot Size-54 × 95.25 ft
Listed on site-Aug 18, 2026
Building Type-Multiplex
Taxes-$5,451.65 (2026)
Parking-None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-REMAX First Choice Realty Ltd.
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Other
Roof-Other
Foundation-Other
Possession-Immediately
Neighbourhood-Hyde Park
Title-Residential Freehold

No agent assigned

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.

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Closing Costs

Mortgage Amount
$332,000
Land Transfer Taxes$4,775
Legal Fees (Est.)
$
Total cash required for closing$89,275

Total Monthly Obligation

$2,503/mo
Mortgage $1,674
Monthly Loss $2,063
Principal$441
Interest$1,233
Property Tax$454
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 711 Ridgeway Street E

Time

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Data last updated within the past 24 hours.