401 Empire Avenue, Thunder Bay, ON
Property Highlights
Welcome to this remarkable multiplex located in the coveted neighborhood of Westfort. Expertly crafted featuring premium vinyl siding and unknown construction, this residence presents an exceptional opportunity offered at $1,490,000 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 69.5 x 119.57 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 other heating via gas
Description
PREMIER INVESTMENT OPPORTUNITY: BRAND NEW, FULLY RENTED 4-PLEX! Secure your future with this turn-key investment property—a stunning, newly constructed 4-plex in a quiet, highly desirable pocket of Westfort. This property is built to attract and retain quality tenants, boasting superior construction including an ICF basement for unmatched efficiency. Each of the four currently rented units offers 2 bedrooms, premium features like granite countertops, open-concept living, in-suite laundry, individual heating systems, hot water on demand, and separate entrances and driveways. Its prime location offers residents walkable access to bus routes, schools, parks, and Westfort Village amenities. This is a rare chance to acquire a fully stabilized income property providing immediate, stable cash flow. Don't miss out on this low-risk, high-return asset; contact agent for the full investment package.(PICTURES ARE BEFORE TENANTED) (Adjacent 4plex also for sale) (Apt A - $2450; Apt B - $2250; Apt C $2250; Apt D $2250 all rents plus heat and hydro.
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Property Summary
This multiplex located at 401 Empire Avenue, Thunder Bay is currently for sale and has been available on SousaSells for 79 days. This property is listed at $1,490,000 with an estimated mortgage of $4,960* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 401 Empire Avenue, Thunder Bay is in the Westfort neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Westfort, Thunder Bay.
- •Desirable Multiplex architecture in Westfort, Thunder Bay
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 401 Empire Avenue, Thunder Bay, ON
Q.What is the asking price for 401 Empire Avenue, Thunder Bay, ON ?
The current listing price for 401 Empire Avenue, Thunder Bay, ON in Westfort, Thunder Bay is $1,490,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and null bathrooms.
Q.What property type and architectural style is 401 Empire Avenue, Thunder Bay, ON ?
401 Empire Avenue, Thunder Bay, ON is a Multiplex () featuring a Full basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Other.
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Pricing & Value Insights
Data-driven valuation for 401 Empire Avenue, Thunder Bay, ON P7E 4S3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Thunder Bay, ON
For a property listed at $1,490,000 in Thunder Bay, the legal minimum down payment is $298,000 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 $26,275 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 $26,275.
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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.