711 Ridgeway Street E, Thunder Bay
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. (id:1945)
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Property details for 711 Ridgeway Street E, Thunder Bay
- Type
- Multi-family
- Living Area
- 2,600 square feet
- Lot Size
- 54 x 95.25 FT
- Basement
- Full
- Heating
- Forced air, Natural gas, Other, Other
- Annual Taxes
- $5,452
Nearby Listings Stat
Estimated price and comparable properties near 711 Ridgeway Street E
Active Listings
33
Min Price
$1
Max Price
$865,000
Avg Price
$345,603
Days on Market
46
days
Sold Listings
33
Min Sold Price
$55,000
Max Sold Price
$999,999
Avg Sold Price
$314,900
Days until Sold
26
days
Neighbourhood Census Data
Thunder Bay, Ontario
Population
458
Median Age
45.2
Median Income
$36,032
Dwelling Value
$200,523
Housing Tenure
Owners 63%
Renters 34%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.1
Pop. Density: 3,189.4/km²
Avg Shelter Cost: $1,007/mo
Owners with Mortgage: 60%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 45.5%
English only: 87.9%
English and French: 12.1%
Neither: 1.5%
Median Household Income: $53,888
Median Employment Income: $28,608
Price History
Listed
August 18, 2026
by RE/MAX FIRST CHOICE REALTY LTD.
Current Price
$415,000
Type
Multi-family
For Sale
