1012 Victoria Avenue, Thunder Bay, ON
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 $419,000 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 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
Description
5 UNIT INVESTMENT PROPERTY***CASH COW***Current Gross Rent $54,996/y + One Vacant Unit($1500) POTENTIAL for $70k+/y). Well-maintained mixed-use investment property featuring a 4-plex plus a small commercial unit on a high-visibility main arterial street. Current rents: Commercial $800/m+hydro. Apt 1 vacant/demolished (prev. $1,127.50). Apt 2 $893/m+hydro. Apt 3 $1,250/m+hydro. Apt 4 $1,640/m+ hydro; Coin-op laundry+ storage in basement (2 entrances). No basement under commercial. 3 parking. 5 Updated Panels 2021*New Interconnected Smoke Alarms* Commercial Roof 2018 *Main Roof 2006* Boiler 2018*Chimney 2018*Windows-Some 2017*New Vanities 2020* Flooring 2021*Hot Water Tank(Owned)2018. Coin-Op Laundry & Storage in Basement wth 2 Entrances. SOLID INVESTMENT OPPORTUNITY***CALL FOR INFO*** With Separate Hydro Meters & Clear Upside Through Renovation & Repositioning, Excellent Opportunity, PERFECT Investor EXCELLENT CASH FLOW* LONG TERM GROWTH***CALL FOR INFO***
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Property Summary
This multiplex located at 1012 Victoria Avenue, Thunder Bay is currently for sale and has been available on SousaSells for 0 days. This property is listed at $419,000 with an estimated mortgage of $1,395* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 1012 Victoria Avenue, Thunder Bay is in the McKeller Park 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 McKeller Park, Thunder Bay.
- •Desirable Multiplex architecture in McKeller Park, Thunder Bay
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Fenced Yard
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 1012 Victoria Avenue, Thunder Bay, ON
Q.What is the asking price for 1012 Victoria Avenue, Thunder Bay, ON ?
The current listing price for 1012 Victoria Avenue, Thunder Bay, ON in McKeller Park, Thunder Bay is $419,000.
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 1012 Victoria Avenue, Thunder Bay, ON ?
1012 Victoria Avenue, Thunder Bay, ON is a Multiplex () featuring a Other basement.
Q.What key property features does 1012 Victoria Avenue, Thunder Bay, ON offer?
Key property features include: Fenced Yard.
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 1012 Victoria Avenue E, Thunder Bay, ON P7C 1B6
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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 $419,000 in Thunder Bay, the legal minimum down payment is $20,950 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 $4,855 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 $4,855.
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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.