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 today for more details. Visit www.century21superior.com for more info and pics. (id:47351)
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
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January 10 2025 03:25:21
Thunder Bay Real Estate Board
Century 21 Superior Realty Inc.