216 Leith, Thunder Bay, Ontario, P7C1M8

Property Description

This is a fantastic investment opportunity with a fully occupied 5-unit apartment building. The property features five spacious, purpose built 1-bedroom, 1-bathroom apartments, with separate utility meters for electric and gas and their own hot water tanks, ensuring low landlord expenses and hassle-free management. The building is fully occupied, providing stable rental income. It has been well-maintained with many recent updates. Located close to downtown, public transit, and local amenities. It sits on a full, unfinished basement and includes some off street parking. One of the apartments features a huge, South facing, rooftop patio! This turnkey property is perfect for both seasoned investors and those looking to enter the multi-family market, with strong cash flow potential. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: None
• Attached: Yes
• Frontage: 25 ft (7.6 m)

Costs

• Annual Taxes: $3,007.21

Listing Provided by: SIGNATURE NORTH REALTY INC.
Board: Thunder Bay Real Estate Board
Data provided via CREA DDF®.