350 BAY STREET, Thunder Bay (Court / Cumberland)
$849,900
For sale: Multiplex
- Property type
- Triplex
- Bedrooms / bathrooms
- 9 bedrooms, 6 bathrooms
- Living area
- 5,000 sqft
- MLS®
- MLS® X14082380
- Neighbourhood
- Court / Cumberland
An exceptional turnkey investment opportunity with rare vacant possession on closing! This fully renovated and permitted triplex (converted in 2013/14) comes documented with all permits, structural/engineering drawings, and fire reports-everything has been done right. The property features 3 spacious, self-contained 3-bedroom, 2-bathroom apartments (1,280 sq ft each) with matching layouts, finishings, in-suite laundry, individual furnaces, central A/C, and separate 100-amp panels. Tenants pay their own hydro, heat, and Wi-Fi, leaving the landlord responsible only for common elements (equipped with hardwired security cameras). The basement offers dedicated tenant storage with large open undeveloped area. Past rents ranged from $2,180-$2,350/mo plus utilities option for more. Key updates include shingles, windows, plumbing, electrical, insulation, drywall, lighting, bathrooms, flooring, appliances, A/C, furnaces, 2 sump pumps, and a backwater valve and so much more!!! Outside features ample parking with expansion space. Well-maintained with annual fire inspections, this gem is near the marina, law school, transit, and top amenities. Top floor boasts Lake Superior views and high ceilings. 2 units vacant now; 3rd vacant Nov 1st. Nothing left to do-just lease the units at top market rates and enjoy a hassle-free, low-maintenance property.
Sold data
Homes in Court Cumberland — recent sold market
Homes in Court Cumberland took a median of 14 days to sell over the last 365 days, with the quickest quarter selling within 9 days and the slowest quarter taking more than 36, across 74 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 30 days.
The median sale price was $299,900.
Homes sold for about 7.7% above asking on average.
About 68% of sales closed above the list price.
Around 3% of sellers reduced their price before finding a buyer.
- Median days to sell
- 14
- Median sale price
- $299,900
- Sale-to-list ratio
- 107.7%
- Sold above asking
- 68%
Based on 74 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Thunder Bay (Court / Cumberland)
Thunder Bay (Court / Cumberland) has 35 Fraser Institute–rated schools (29 elementary and 6 secondary), averaging 6.3/10.
- Rated schools
- 35
- Elementary
- 29
- Secondary
- 6
- Average rating
- 6.3 / 10
Top-rated schools in Thunder Bay (Court / Cumberland)
- Vance Chapman — elementary, Thunder BayFraser rating 9.1/10
- St Francis — elementary, Thunder BayFraser rating 8.9/10
- Nor'wester View — elementary, Thunder BayFraser rating 8.7/10
- St Paul — elementary, Thunder BayFraser rating 8.5/10
- Five Mile — elementary, Thunder BayFraser rating 8.4/10
- Ecole Elsie MacGill — elementary, Thunder BayFraser rating 8.0/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 350 BAY STREET
$799,000
Detached5+153,000–3,500 sqft312 WADE CRESCENT, River Terrace, Thunder Bay
$899,999
Detached4+131,500–2,000 sqft721 TOPAZ PLACE, Dawson Heights, Thunder Bay
$519,900
Detached741,100–1,500 sqft114 CAROLINE STREET, Green Acres, Thunder Bay
$669,900
Detached4+132,000–2,500 sqft434 HEBERT STREET, College Heights, Thunder Bay
$1,099,999
Detached321,500–2,000 sqft2076 15TH SIDE ROAD, Rural New Tecumseth, New Tecumseth
$699,900
Detached322,000–2,500 sqft2165 GREGOR ROAD, Mountain Road, Thunder Bay
$1,070,000
Detached4+142,000–2,500 sqft1 LEITERMAN STREET, Kakabeka Falls, Oliver Paipoonge
$949,000
Detached4+233,000–3,500 sqft477 HWY 586, Thunder Bay