Solid 5-unit income property in a proven rental location. Fully tenanted with a desirable unit mix of one 3-bedroom apartment, one 2-bedroom apartment, and three 1-bedroom apartments. This property has a long track record of steady cash flow and has historically leased quickly during vacancies. Units are in good overall condition with a combination of cosmetic updates throughout, including some refinished hardwood floors and newer laminate flooring. Major capital items include five separate hydro meters, updated electrical with individual breaker panels for each unit, copper plumbing, shingles replaced in 2012, windows approximately three years old, and a boiler installed in 2015. A digital thermostat allows remote control of the heating system. Additional features include a detached two-car block garage. Tenants pay their own hydro, while the landlord covers water and gas. Excellent opportunity for investors seeking a well-maintained, low-turnover multi-residential asset. (id:26231)
| MLS® Number | TB253673 |
| Property Type | Multi-family |
| Community Name | Thunder Bay |
| Communication Type | High Speed Internet |
| Basement Type | Full |
| Heating Type | Boiler |
| Stories Total | 3 |
| Size Interior | 3,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 38.5000 |
| Size Total Text | Under 1/2 Acre |
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/29191332/50-ontario-st-thunder-bay-thunder-bay
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