1012 Victoria Ave. E., Thunder Bay, ON
Description
Property Highlights
Welcome to this remarkable [] multiplex located in the coveted neighborhood of McKeller Park. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $419,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 33 x 118 ft lot size
- Features a ["other"] basement, adding superb versatility for recreation, a home gym, or extra storage
- Notable attributes: Other
- equipped with ["other"] central cooling and highly efficient other heating via gas
Well-maintained mixed-use investment property featuring a 4-plex plus a small commercial unit on a high-visibility main arterial street. Currently partially rented, with Apartment 1 vacant and fully demolished for future redevelopment, and Apartment 3 fully renovated in 2025, offering strong value-add and lease-up potential. This solid asset benefits from extensive upgrades, including five updated electrical panels, interconnected smoke alarms, newer boiler and chimney, commercial and main roof replacements, select window upgrades, and an owned hot water tank. Apartments 1, 2, and 4 feature updated vanities and modern laminate flooring, while all bathrooms include low-flush toilets. With separate hydro metering, strong infrastructure, and clear upside through renovation and repositioning, this property presents an excellent opportunity for investors seeking cash flow and long-term growth.
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Data-driven valuation for 1012 Victoria Ave. E., Thunder Bay, ON P7C 1B6
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