155 Banning Street, Thunder Bay, ON
Property Highlights
Welcome to this remarkable multiplex located in the coveted neighborhood of Court / Cumberland. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $449,900 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 32.8 x 123.4 ft lot size
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- Notable attributes: Other
- equipped with other central cooling and highly efficient forced air heating via gas
Description
Attention investors! Welcome to 155 Banning Street, a rock-solid multi-unit property offering an incredible, hassle-free addition to your real estate portfolio. This low-maintenance triplex features three spacious, fully occupied units, including one 1-bedroom layout and two 2-bedroom layouts. Extensively updated throughout, the property showcases modern finishes, bright living spaces, and contemporary updates that ensure high tenant satisfaction and reliable rental income from day one. Situated in a central, convenient neighbourhood close to local amenities, public transit, and shopping, this property is perfectly is perfectly poisitioned for long term growth and consistent demand. With all units currently rented to stable tenants, there is absolutely nothing left to do but take over collection and enjoy immediate cash flow. Don't miss out on this pristine, turnkey opportunity in Thunder Bay. Unit A Rent $1575 / month Unit B Rent $2091 / month Unit C Rent $1330 / month
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Pricing & Value Insights
Data-driven valuation for 155 Banning Street, Thunder Bay, ON P7B 3J2
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About Purchasing a Home in Thunder Bay, ON
For a property listed at $449,900 in Thunder Bay, the legal minimum down payment is $22,495 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,473 for this transaction. As this listing is in Thunder Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.