334 Pearl Street
Court / Cumberland, Thunder Bay, P7B 1G1
FOR SALE
$489,900
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Property Description
Attention Investors! Turnkey legal triplex in the heart of Downtown Thunder Bay, just minutes from the Law School, courthouse, shopping, transit, and all amenities. This solid income property features one 1-bedroom unit and two 2-bedroom units, all with separate hydro meters, fire escape doors, and three off-street parking spaces. Enjoy guaranteed rental income through established community housing partnerships, offering dependable cash flow and peace of mind. Recent updates include the roof, soffit, and fascia. A fantastic opportunity to add a low-maintenance, income-producing property to your investment portfolio.
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Property Features
Other, Other
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Property Details
Address
334 Pearl Street
Community
City
Postal Code
P7B 1G1
Property Type
Multiplex, Multiplex
Lot Size
49' x 100'
Taxes
$3,416 (2025
Basement
Other
Heat Type
Other
Heat Source
Other
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Re/Max Generations Realty
New Listing ! Fully Rented Triplex Located in an Excellent Southside Location in McKellar Park. With One 2 bedroom Unit and Two 1 Bedroom Units, Each with Their Own Laundry, and Furnaces Approximately 2 Years Old In Each Unit. Shingles Approximately 15 Years Old.
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5 UNIT INVESTMENT PROPERTY***CASH COW***Current Gross Rent $54,996/y + One Vacant Unit($1500) POTENTIAL for $70k+/y). Well-maintained mixed-use investment property featuring a 4-plex plus a small commercial unit on a high-visibility main arterial street. Current rents: Commercial $800/m+hydro. Apt 1 vacant/demolished (prev. $1,127.50). Apt 2 $893/m+hydro. Apt 3 $1,250/m+hydro. Apt 4 $1,640/m+ hydro; Coin-op laundry+ storage in basement (2 entrances). No basement under commercial. 3 parking. 5 Updated Panels 2021*New Interconnected Smoke Alarms* Commercial Roof 2018 *Main Roof 2006* Boiler 2018*Chimney 2018*Windows-Some 2017*New Vanities 2020* Flooring 2021*Hot Water Tank(Owned)2018. Coin-Op Laundry & Storage in Basement wth 2 Entrances. SOLID INVESTMENT OPPORTUNITY***CALL FOR INFO*** With Separate Hydro Meters & Clear Upside Through Renovation & Repositioning, Excellent Opportunity, PERFECT Investor EXCELLENT CASH FLOW* LONG TERM GROWTH***CALL FOR INFO***
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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.
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