238 May Street S Thunder Bay, Ontario P7E 1B4
$699,900
20-unit apartment building on main artery - Exceptional investment opportunity! This 20-unit apartment building, ideally situated on a main artery, is a rare opportunity for investors seeking a property with excellent income potential. The building features high ceilings throughout, wide hallways, hardwood flooring, some original woodwork, adding character and spaciousness to every unit. Comprised of 14 one-bedroom and 6 bachelor units, the property is equipped with separate hydro meters, offering convenience for tenants and ease of management for owners, the boiler (steam heat) has been replaced within the last 5 years, ensuring efficient heating and reduced maintenance costs. Recent fire & electrical inspections have been completed. With its prime location and solid infrastructure, this building is perfect for long-term rental income in a high-demand area. Don't miss out on this lucrative investment - contact us today for more details. Visit www.century21superior.com for more info and pics. (id:50886)
Property Details
| MLS® Number | TB250050 |
| Property Type | Multi-family |
| Community Name | Thunder Bay |
| CommunicationType | High Speed Internet |
| CommunityFeatures | Bus Route |
| StorageType | Storage Shed |
| Structure | Workshop |
Building
| Age | Over 26 Years |
| BasementType | Full |
| ExteriorFinish | Brick |
| FoundationType | Concrete Perimeter |
| HeatingType | Boiler |
| StoriesTotal | 3 |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Parking
| Rear |
Land
| AccessType | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeFrontage | 51.0000 |
| SizeTotalText | Under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/27785586/238-may-street-s-thunder-bay-thunder-bay
Interested?
Contact us for more information
Wendy Ferris
Salesperson
68 Algoma St. N. Suite 101
Thunder Bay, P7A 4Z3
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
January 09 2025 08:54:15
Thunder Bay Real Estate Board
Century 21 Superior Realty Inc.