397 Empire AVE
Thunder Bay, Ontario
MLS® TB2601223
$1,490,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- TB2601223
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2025
1 / 33Listing description
PREMIER INVESTMENT OPPORTUNITY: BRAND NEW, FULLY RENTED 4-PLEX! Secure your future with this turn-key investment property—a stunning, newly constructed 4-plex in a quiet, highly desirable pocket of Westfort. This property is built to attract and retain quality tenants, boasting superior construction including an ICF basement for unmatched efficiency.
Each of the four currently rented units offers 2 bedrooms, premium features like granite countertops, open-concept living, in-suite laundry, individual heating systems, hot water on demand, and separate entrances and driveways. Its prime location offers residents walkable access to bus routes, schools, parks, and Westfort Village amenities. With all four units currently rented, this is a rare chance to acquire a fully stabilized income property providing immediate, stable cash flow.
Don't miss out on this low-risk, high-return asset; contact agent for the full investment package. (PICTURES ARE BEFORE TENANTED - All units have the same quality with different finishings for both 397 and 401 Empire) (Adjacent 4plex also for sale) Apt A - $2250; Apt B - $2250; Apt C - $2150. Apt D - $2250 - All rents plus Heat and Hydro.
Property summary
- MLS® number
- TB2601223
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 4,824 sq ft
- Built in
- 2025
- Annual property taxes
- $9,857.00
- Days on market
- 91 days
Features & details
- Heating
- Forced air
- Cooling
- Air exchanger
- Basement
- Full
- Exterior features
- Vinyl, Aluminum siding, Other
- Community features
- Bus Route
What would this home cost you?
Based on the $1,490,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE LANNON REALTY, THUNDER BAY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.