711 RIDGEWAY STREET E, Thunder Bay (Hyde Park)

$415,000

For sale: Multiplex

Multiplex at 711 RIDGEWAY STREET E, Thunder Bay (Hyde Park)
Property type
Multiplex
MLS®
MLS® X13687188
Neighbourhood
Hyde Park

New Listing! Attention investors! This fully tenanted income property is an exceptional opportunity to add a cash-flowing asset to your portfolio. Featuring three self-contained rental units, this property offers multiple income streams with the convenience of professional property management already in place. The main floor features a spacious 2-bedroom, 1-bathroom unit, while the second-floor unit offers 2 bedrooms, 1 bathroom, a cozy gas fireplace, and a massive private deck that adds tremendous tenant appeal. The third floor is a self-contained bachelor suite, completing this versatile triplex. Adding even more value, the property includes a large garage that is separately rented, creating an additional source of income. With all units and the garage currently rented, this is a true turnkey investment. Whether you're looking to expand your portfolio or purchase your first investment property, this is an opportunity you won't want to miss. Contact me today to book your private showing.

Sold data

Multiplex homes in Thunder Bay (Hyde Park) — recent sold market

Multiplex homes in Thunder Bay (Hyde Park) took a median of 24 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 70, across 34 recorded sales.

The median sale price was $539,950.

Sellers typically achieved close to their full asking price.

About 38% of sales closed above the list price.

Around 15% of sellers reduced their price before finding a buyer.

Median days to sell
24
Median sale price
$539,950
Sale-to-list ratio
100.0%
Sold above asking
38%

Based on 34 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 (Hyde Park)

Thunder Bay (Hyde Park) 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 (Hyde Park)

  • 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 711 RIDGEWAY STREET E