$ 499.000

126 May St N, Thunder Bay

2 Photos

126 May St N, Thunder Bay, ON P7C3P2 Photo 2

Living area: 7879 square feet
MLS®: x7285318

Added: 178 days ago

Property Details

""Exceptional investment opportunity in Thunder Bay! This meticulously maintained free-standing 9 unit apartment building, consisting of 6 residential units and 3 commercial units, spanning 7,879 square feet, presents 5 one-bedroom units, 1 two-bedroom unit, and 3 commercial units, this property is designed for income potential and cash flow generation. Nestled in a prime location, residents enjoy proximity to a host of amenities, including restaurants & cafes, shopping outlets, Victoriaville Mall, City Hall grocery stores, parks, gym, salons, Public school, pharmacy, bus stops, Kaministiquia River Heritage Park and much more. Whether you're a seasoned investor or new to real estate, this property promises a solid return on investment. Don't wait, seize this chance to secure a valuable asset in Thunder Bay's thriving real estate market. (id:1945)

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Property Information

Cooling: Partially air conditioned
Living Area: 7879
Photos Count: 2
Water Source: Municipal water
Business Type: Residential
Structure Type: Multi-Family
Street Dir Suffix: North
Tax Annual Amount: 11743.7
Lot Size Dimensions: 51 x 100 FT

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Nearby Places

Name	Type	Address	Distance
Victoriaville Centre Po	Post office	600 Victoria Ave E	0.1 km
Royal Edward Arms	It rises 8 storeys above the intersection of South...		0.2 km
Grain Exchange Building	The Grain Exchange Building is a historic building...		0.2 km
Thunder Bay Museum	Museum	425 Donald St E	0.3 km
Thunder Bay Historical Museum	It is operated by the Thunder Bay Historical Museu...		0.3 km
Downtown Fort William, Ontario	It is centred on Victoriaville Civic Centre, an in...		0.3 km
Thunder Bay	It is the most populous municipality in Northweste...		0.3 km
Fort William Gardens	Stadium	CA	0.4 km
Fort William Gardens	It opened in 1951...		0.4 km
St. Patrick's Cathedral, Thunder Bay	Patrick's Cathedral or Thunder Bay Cathedral is th...		0.4 km
Roman Catholic Diocese of Thunder Bay	It was renamed on 26 February 1970....		0.4 km
Fort Kaministiquia	It and Grand Portage to the west were the starting...		1.0 km

126 May St N mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 126 May St N. The current price of the property is $499,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $399,200. This would result in a monthly mortgage payment of $2,333 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Bachelor's degree	10
Certificate of Qualification	15
College	15
University degree at bachelor level or above	10

Neighbourhood Marital Status Stat

Married	25
Widowed	50
Divorced	55
Separated	30
Never married	150
Living common law	25
Married or living common law	45
Not married and not living common law	290

Neighbourhood Construction Date

1961 to 1980	85
1981 to 1990	50
1991 to 2000	10
1960 or before	90

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