397 EMPIRE AVENUE, Thunder Bay (Westfort)

$1,490,000

For sale: Multiplex

Multiplex at 397 EMPIRE AVENUE, Thunder Bay (Westfort)
Property type
Multiplex
MLS®
MLS® X13250594
Neighbourhood
Westfort

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. With all four units currently rented, 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 - All units have the same quality with different finishings for both 397 and 401 Empire) (Adjacent 4plex also for sale) Apt A - $2250; Apt B - $2250; Apt C - $2150. Apt D - $2250 - All rents plus Heat and Hydro.

Sold data

Homes in Westfort — recent sold market

Homes in Westfort took a median of 14 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 24, across 54 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 16 days.

The median sale price was $324,900.

Homes sold for about 1.1% above asking on average.

About 56% of sales closed above the list price.

Around 4% of sellers reduced their price before finding a buyer.

Median days to sell
15
Median sale price
$324,900
Sale-to-list ratio
101.1%
Sold above asking
56%

Based on 54 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Thunder Bay (Westfort)

Thunder Bay (Westfort) 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 (Westfort)

  • 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 397 EMPIRE AVENUE