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38 Ontario ST, Thunder Bay

$399,900

New Listing. ATTENTION INVESTORS!!! Real Estate Investors Looking For A Great Opportunity Should Look No Further Than 38 Ontario Street, Located In The Picturesque City Of Thunder Bay, Ontario. This 8-Bedroom Home Plus Den Can Be Used As A Single-Family Residence Or Rental for Students Or Young Adults. This Spacious Home Was Completely Remodelled (Completion 2017), Which Included An New Addition To Increase The Homes Living Space To Nearly 2,300 Square Feet. The Community-Style Kitchen With Updated Appliances Features Two Stoves, Two Fridges, A Large Pantry, Spacious Eating Area And Ample Cabinet Space For Storing Dry Goods And Dinnerware. Three Modern Bathrooms Can Be Shared Among The Homes Occupants. Eight Spacious Bedrooms Situated Throughout The House Can Be Used For Single Or Double Occupation. Other Aspects That Make This Property A Wise Investment Include An Updated Espresso Kitchen And Laminate Flooring. Fresh Paint, Upgraded Wiring, A Newer Air Exchanger, And An Up-To-Date Boiler System With PEX Plumbing Add To This Homes Overall Value. Exterior Upgrades Include Newer Shingles And Siding. The Property Also Comes With Four Dedicated Parking Spaces. In Addition To Its Spaciousness, This Property Boasts Another Benefit. Its Central Location To Popular Amenities Restaurants, Shopping, Downtown Entertainment, Main Bus Lines Increase Its Rentability Factor. Call Today To Book Your Private Viewing! *** Previously Rented For $2600 Per Month ($350 Per Room). Fresh Updates - 2022 Projection $3000 Per Month ($375 Per Room) - 8% CAP RATE, CASHFLOW $1350 Per Month. Fully Vacant, Choose Your Own Tenants, Tenants Pay All Utilities. Sit Back And Collect The Rent!***

Property Details

Property Type
Single Family
Architectural Style
2 Level
Square Feet
2287
Bedrooms
6 + 2
Bathrooms
3
Basement
Partially Finished
Heating
Boiler
Air Conditioning
Air Exchanger
Lot Dimensions
Under 1/2 Acre
Exterior
Stucco, Vinyl
Parking
No Garage
Gravel
Utilities
Cable - Available
Electricity - Available
Natural Gas - Available
Telephone - Available
Sewer
Sanitary Sewer
Water
Municipal Water
Features
Paved Driveway
Internet
High Speed Internet
MLS ID
TB220056
Courtesy of
RE/MAX FIRST CHOICE REALTY LTD.

Location

Children's Micracle Network Hospitals

RE/MAX Agents Give Back with Children’s Miracle Network

Our agents at RE/MAX Generations Realty Brokerage contribute a portion of their sales commissions to Children’s Miracle Network member hospitals – a truly worthy cause. Each donation helps fund paediatric medical equipment and treatments, as well as other healthcare services. Read More

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.