711 Ridgeway Street
Hyde Park, Thunder Bay, P7E 5H3
FOR SALE
$439,900
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Property Description
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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Property Features
Other, Other, Natural Gas
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Property Details
Address
711 Ridgeway Street
Community
City
Postal Code
P7E 5H3
Property Type
Multiplex, Multiplex
Lot Size
54' x 95'
Taxes
$5,452 (2026
Basement
Full
Heat Type
Other
Heat Source
Other
Water
Other
Garage Type
None
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Listing contracted with Re/Max First Choice Realty Ltd.
LIVE IN ONE UNIT - LET THE OTHER TWO PAY YOUR MORTGAGE! Affordable, professionally managed, legal, 3-unit residential property in good rental area with off street parking (1@3Bed, 1@1Bed, 1@Bach). Live in one unit and offset your mortgage and living expenses with rental income from the other two units. Three well-maintained units are showcased in the photos (fully occupied), and recent capital improvements including roof and mechanical updates reduce near-term risk. Residential financing options are available for 3-unit properties, making this an easy entry into income property ownership. All inclusive rents offer attractive, steady tenant demand. Whether you’re looking to house-hack or expand your portfolio, this property offers flexibility and long-term upside potential! Call or text today to schedule a private showing.
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