$419,900
FOR SALE

Multiplex

1012 Victoria Ave. E.
Thunder Bay, ON P7C 1B6

Well-maintained mixed-use investment property featuring a 4-plex plus a small commercial unit on a high-visibility main arterial street. Currently partially rented, with Apartment 1 vacant and fully demolished for future redevelopment, and Apartment 3 fully renovated in 2025, offering strong value-add and lease-up potential. This solid asset benefits from extensive upgrades, including five updated electrical panels, interconnected smoke alarms, newer boiler and chimney, commercial and main roof replacements, select window upgrades, and an owned hot water tank. Apartments 1, 2, and 4 feature updated vanities and modern laminate flooring, while all bathrooms include low-flush toilets. With separate hydro metering, strong infrastructure, and clear upside through renovation and repositioning, this property presents an excellent opportunity for investors seeking cash flow and long-term growth. (id:47421)
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Listed By ROYAL LEPAGE LANNON REALTY
Data Provided By Thunder Bay Real Estate Board
MLS® Listing Number TB2600200
Last Updated Apr 30, 2026
Property Summary
Property Type Multiplex

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Community Thunder Bay
Price History

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Detailed Information
Communication Type High Speed Internet
Community Features Bus Route
Listing Contract Date 2026-02-10
Location Description Near Vickers Street
Municipal ID 620870071
Property Type Multi-family
Storage Storage Shed
Structures Deck, Workshop
Transaction Type For sale
Building
Amenities Laundry Facility
Constructed Date 1927
Exterior Finish Stucco
Foundation Type Block, Concrete Perimeter
Heating Type Boiler
Type Multi-Family
Utility Water Municipal water
Utilities
Type Description
CableAvailable
ElectricityAvailable
Natural GasAvailable
TelephoneAvailable
Land
Total Size under 1/2 acre
Access Type Road access
Fence Type Fenced yard
Sewer Municipal sewage system

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