Open House Sunday July5Th 1-3Pm

Surface size

m²

Bedrooms

4

Bathrooms

2


Thunder Bay

02/07/2026

Details
Region: Ontario
City: Thunder Bay
Category: Real Estate for Sale
Bathrooms: 2
Bedrooms: 4
For Sale By: Owner
Type: House
Date: 02/07/2026

Description
TURNKEY WESTFORT REVENUE PROPERTY – ~9.3% GROSS YIELD – ALL UNITS VACANT ON CLOSING!  Rarely do turnkey multi-family properties hit the market with total landlord flexibility. The upper 1-bedroom unit of this large up-and-down duplex is completely vacant right now. The main floor will be vacant as of August 1st, 2026. Take possession of a 100% vacant building on closing day! Set your own market rents on both levels or move into one unit yourself while the other unit pays your mortgage.    THE FINANCIAL TRANSPARENCY (Full Math Profile/Income Potential): • Unit 1 (Main Floor 3-Bedroom): Vacant on Closing!Market Value: $2000 - $2,200/month + Hydro/Heat. Immaculate 1990 commercial-to-residential conversion offering unique high ceilings, large windows, spaciouslayout, and exclusive use of a fully fenced backyard and deck. • Unit 2 (Upper 1-Bedroom): Market Value: $1,500/month + Hydro/Heat. Spotless, updated condition with a private entry deck and separate side entrance. • Total Potential Revenue: $3,500 - $3,700/month ($42,000+ annually). • Expense Structure: Separate meters! Tenants pay hydro and heat (the main floor unit is forced-air gas, the upper floorfeatures new energy-efficient electric baseboards). Landlord ONLY pays water.   PROPERTY ASSETS & LAYOUT: Originally a classic neighborhood storefront, this vertical duplex was professionally converted under city guidelines in 1990. Because of its commercial origins, it boasts exceptional structural integrity (solid brick and stucco exterior) and large picture windows. Designed for tenant privacy, there is zero shared indoor living space between the suites. • Independent Entrances: Separate main doors. The upper suite is accessed via its own private entry deck on the side door.  Each unit offers its own separate fenced outdoor space. • Flexible 3-Bedroom Main Floor: The main floor features a highly adaptable back bedroom with a private walk-out door leading directly to the deck and fully fenced back yard. Perfect as a primary bedroom suite, home office or creative hobby den! • The Unfinished Basement Common Area: Clean, unfinished basement features a shared laundry zone, individual locked/secured storage rooms for each tenant, and a private locked storage unit for the landlord. • Turn-Key Updates: New kitchens and bathrooms in both units. Fresh modern paint and trim, new light fixtures, new laminate flooring throughout, and a new roof completed in 2017. All 6 major appliances are included (2 stoves, 2 fridges, washer, dryer, plus a dishwasher on the main floor). • Dedicated Off-Street Parking Space: Each unit features its own dedicated outdoor parking spot equipped with electrical plug-in. • Prime Westfort Location: Excellent walking distance to local amenities with a major transit bus stop directly in front of the building—making tenant sourcing effortless.

4 Bds - 2 Ba - m2

Open House Sunday July5Th 1-3Pm

Thunder Bay

02/07/2026

Seller information
...
David

Registered user

AD ID 359407

REPORT THIS AD
FOLLOW US

Classifieds to buy, sell or exchange almost anything! Used cars, pets, jobs, services, electronics, homes, boats for sale and more locally anywhere in Canada.

Copyright © 2017 - 2026 - ClassifiedsEU Canada