Exceptional investment opportunity to own a legally recognized 12-unit apartment building in a prime central location. Originally built in 1913, this solid brick and stone character property blends historic charm with significant long-term income potential. Designated as a historical building, the property showcases timeless architectural appeal while benefiting from numerous important updates and improvements over the years. This legal non-conforming 12-plex offers twelve self-contained 1-bedroom units, each featuring a full bathroom, kitchen, living area, and dual entrances. Hardwood flooring exists beneath most floor coverings, with a mix of carpet, vinyl, and linoleum currently throughout. All existing appliances are included in the sale. Extensively maintained, the property features a newer metal roof completed in 2021, updated eavestroughs and downspouts completed in 2026, a 400-amp main electrical service, separately metered units, owned hot water tanks, and a newer natural gas forced-air heating system servicing the basement area, with electric baseboard heating in each individual unit. The front stairwell was added approximately five years ago to satisfy fire code requirements following a satisfactory fire inspection report. Additional improvements and compliance upgrades have also been completed, reflecting pride of ownership and ongoing care. The building sits on a 49.82’ x 99.34’ lot and offers strong upside potential for investors looking to expand or stabilize their portfolio. Currently tenant parking is street parking only, with future parking considerations potentially available through a minor variance application with the city. This is a rare opportunity to acquire a well-maintained multi-family asset with historical significance, strong rental fundamentals, and long-term value-add potential. Perfect for seasoned investors or those looking to add a unique income-generating property to their portfolio. (id:26231)
| MLS® Number | TB2601126 |
| Property Type | Multi-family |
| Community Name | Thunder Bay |
| Communication Type | High Speed Internet |
| Community Features | Bus Route |
| Basement Type | Full |
| Constructed Date | 1913 |
| Exterior Finish | Brick, Steel |
| Foundation Type | Concrete Perimeter, Stone |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 3 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| None |
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 49.8200 |
| Size Total Text | Under 1/2 Acre |
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/29782988/230-brodie-st-n-thunder-bay-thunder-bay
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(807) 622-7674
(807) 622-7674
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