Thunder Bay Multi-Family Properties for Sale

(23 relevant results)
Sort by
Multi-Family for sale: 408-412 Wiley ST, Thunder Bay

29 photos

$429,900

408-412 Wiley St, Thunder Bay (Thunder Bay), Ontario P7C 3N2

0 beds
0 baths
125 days

Wiley street between Dease St and Finlayson St Welcome to 408-412 Wiley St, a well-maintained 3-unit townhome multifamily property in the heart of Thunder Bay. Each unit is separately metered for gas, electricity, and water, making this a low-maintenance, high-yield investment. Thunder Bay’s

Ryan Campbell,Royal Lepage Lannon Realty
Listed by: Ryan Campbell ,Royal Lepage Lannon Realty (807) 707-2204
Multi-Family for sale: 179 Ontario ST, THUNDER BAY

32 photos

$369,900

179 Ontario St, THUNDER BAY (THUNDER BAY), Ontario P7B 3G4

0 beds
0 baths
26 days

CORNER OF ONTARIO STREET AND QUEEN STREET Rare Turn-Key Investment Property – Fully Tenanted & Upgraded! Excellent investment opportunity in the heart of Thunder Bay. This well-maintained non-conforming triplex sits on a prominent corner lot (Ontario & Queen Street) and features 3 self-contained

Karina Morgan,Royal Lepage Lannon Realty
Listed by: Karina Morgan ,Royal Lepage Lannon Realty (807) 632-7770
Duplex for sale: 16 Johnson AVE, Thunder Bay

40 photos

$249,900

16 Johnson Ave, Thunder Bay (Thunder Bay), Ontario P7B 2V7

0 beds
0 baths
2 days

LEFT OFF BAY, HOUSE ON RIGHT SIDE **Legal Duplex – Live on main floor and have your mortgage supported with upstairs tenant** Excellent investment opportunity in Thunder Bay. This legal duplex offers two spacious units: liven the main floor and the upper is rented for \$850/month –

Christine Lannon,Royal Lepage Lannon Realty
Listed by: Christine Lannon ,Royal Lepage Lannon Realty (807) 620-3217
Multi-Family for sale: 1311 Victoria AVE E, Thunder Bay

1 photos

$989,000

1311 Victoria Ave E, Thunder Bay (Thunder Bay), Ontario P7C 1C3

0 beds
0 baths
34 days

Between Franklin and Norah Street Prime investment opportunity - located in a high-traffic area on sought-after Victoria Avenue, this well-maintained brick and stucco building offers a strong mix of residential and commercial income. The property features six fully rented residential units

Tony Belluz,Re/max Generations Realty
Listed by: Tony Belluz ,Re/max Generations Realty (807) 473-7616
Multi-Family for sale: 1305 Victoria AVE E, Thunder Bay

7 photos

$1,465,000

1305 Victoria Ave E, Thunder Bay (Thunder Bay), Ontario P7C 1C3

0 beds
0 baths
92 days

Victoria ave east between Franklin St and Norah St New vacant 4 plex for sale close to South-core downtown, (4) 2 bedroom, 1 (4 piece) bathroom units with laundry in each suite. Quartz contertops in kitchen and bathroom, LVP and and ceramic tile throughout. Open concept kitchen and living room

Eric Taylor,Re/max Generations Realty
Listed by: Eric Taylor ,Re/max Generations Realty (807) 252-3742
Multi-Family for sale: 593 Syndicate AVE S, Thunder Bay

5 photos

$79,000

593 Syndicate Ave S, Thunder Bay (Thunder Bay), Ontario P7E 1E6

0 beds
0 baths
41 days

Corner of Vickers Property Opportunity! Zoning record as Variety store with 2 homes. Cannot enter the building contact us for more information and photos. (id:27476)

Multi-Family for sale: 264 Cumberland ST N, Thunder Bay

42 photos

$389,000

264 Cumberland St N, Thunder Bay (Thunder Bay), Ontario P7A 4N5

0 beds
0 baths
54 days

VAN HORNE & MCINTYRE Welcome to 264 Cumberland Street North! Attention investors and savvy buyers! Live in one unit and rent out the remaining three units. Four self-contained units, well kept and refreshed, 31.5 x 124 lot, rear parking, balcony, storage space in basement, appliances included.

Duplex for sale: 359 Foley ST, Thunder Bay

1 photos

$159,900

359 Foley St, Thunder Bay (Thunder Bay), Ontario P7B 1P9

0 beds
0 baths
22 days

Between Banning and Secord St Add to your portfolio or step into homeownership with this versatile 2-storey, 2-unit property in the heart of Thunder Bay. The main floor unit offers 2 bedrooms and a full bath, while the upper unit features 1 bedroom and 1 bath - perfect for rental income or

Duplex for sale: 223 Cameron ST, Thunder Bay

1 photos

$224,900

223 Cameron St, Thunder Bay (Thunder Bay), Ontario P7C 2H1

0 beds
0 baths
22 days

Between McKenzie & Simpson St Opportunity awaits on Thunder Bay’s East Side! This spacious 2-storey home offers 4 bedrooms - 2 on the main floor and 2 upstairs - along with 2 full bathrooms, providing flexibility for families or those looking to invest in their future. With solid bones

Duplex for sale: 1925 Arthur ST W, Thunder Bay

41 photos

$769,000

1925 Arthur St W, Thunder Bay (Thunder Bay), Ontario P7K 1C7

0 beds
0 baths
73 days

Close to West Arthur Community Centre Endless Possibilities – Recently Zoned Rural Commercial! Discover the incredible potential of this versatile property, perfect for a range of business and residential uses (list available upon request). Formerly a gas bar and convenience store, this

Sylvie D'ettore,Signature North Realty Inc.
Listed by: Sylvie D'ettore ,Signature North Realty Inc. (807) 251-8315
Duplex for sale: 1227 Regina Ave, Thunder Bay

48 photos

$1,500,000

1227 Regina Ave, Thunder Bay (Thunder Bay), Ontario P7B 5C4

0 beds
0 baths
68 days

Valley St going north left on Regina house on the northwest corner Welcome to 1227 Regina Ave. a rare and versatile legal duplex offering 4 spacious living units on one of the largest city lots available. This property features 2 primary units, each with its own bright, walk-out entry unit,

George Ioannidis,Signature North Realty Inc.
Listed by: George Ioannidis ,Signature North Realty Inc. (807) 474-8115
630 High ST S, Thunder Bay

17 photos

$189,900

630 High St S, Thunder Bay (Thunder Bay), Ontario P7B 3N2

0 beds
0 baths
67 days

Off of Sixth St. Rebuild Opportunity in Court/Cumberland! Sitting on a desirable 50x125 ft lot in one of Thunder Bay’s most in-demand areas, this 1.5-storey home offers a rare chance to tear down and rebuild your dream project or investment property. The existing structure requires major

624 High ST S, Thunder Bay

35 photos

$249,900

624 High St S, Thunder Bay (Thunder Bay), Ontario P7B 3N2

2 beds
1 baths
48 days

Off of Sixth Ave. This 1.5 storey home offers 3 bedrooms, 1 bathroom, and solid bones with key updates including a newer furnace and some upgraded plumbing. Ideal for first-time buyers, investors, or handymen looking to build equity—this property is a true "handyman special" with endless

93 Empress Ave. S., Thunder Bay

39 photos

$389,900

93 Empress Ave. S., Thunder Bay (Thunder Bay), Ontario P7B 4N4

6 beds
3 baths
50 days

Red River Rd. An exceptional investment opportunity in one of Thunder Bay’s most promising and rapidly developing areas! This solid 3-unit income property is ideally situated at Empress and Red River Road—just steps from top schools, shopping, popular restaurants, and everyday conveniences.

341 James ST N, Thunder Bay

29 photos

$469,000

341 James St N, Thunder Bay (Thunder Bay), Ontario P7C 4T1

4 beds
2 baths
6 days

Between Churchill Drive West on Parkway Drive Beautifully Updated 5-Bedroom Bungalow with Basement Kitchen – 1,220 Sq. Ft. of Versatile Living Space! Welcome to this charming and move-in-ready bungalow offering a total of 1,220 sq. ft. on the main level, thoughtfully updated for modern

Megan Marsico-andresen,Re/max First Choice Realty Ltd.
Listed by: Megan Marsico-andresen ,Re/max First Choice Realty Ltd. (807) 251-2627
114 Richmond ST, Thunder Bay

49 photos

$999,900

114 Richmond St, Thunder Bay (Thunder Bay), Ontario P7G 1R6

5 beds
6 baths
25 days

Corner Oliver Rd. & Richmond Richmond Manor! This 5000 sq. ft. executive home has many features + renovations... Main Fl alone (In-law suite) full independent accommodations. Two huge garages 2+ attached and 3+ car detached. This has multi-use zoning and only 6 min to hospital. hardwood floors

Sandy Herron,Streetcity Realty Inc.
Listed by: Sandy Herron ,Streetcity Realty Inc. (807) 624-6777
Duplex for sale: 333 May ST S, Thunder Bay

20 photos

$259,900

333 May St S, Thunder Bay (Thunder Bay), Ontario P7E 1B7

0 beds
0 baths
69 days

Off Arthur near Ridgeway Rare find! Legal 2 unit dwelling! Lots of updates, 2024 - laminate, paint, kitchen countertop, two full baths, all appliances included (As is) (id:27476)

Sandy Herron,Streetcity Realty Inc.
Listed by: Sandy Herron ,Streetcity Realty Inc. (807) 624-6777
Duplex for sale: 403 Prince Arthur BLVD, Thunder Bay

27 photos

$299,900

403 Prince Arthur Blvd, Thunder Bay (Thunder Bay), Ontario P7C 3M3

0 beds
0 baths
39 days

Corner of Dease St and Prince Arthur BLVD Excellent rental investment! You can live in one while you rent the other! Excellent income earner! Numerous upgrades over the years including shingles and paint. All expenses available upon request. Book your private viewing today! (id:27476)

Wendy Siltamaki,Royal Lepage Lannon Realty
Listed by: Wendy Siltamaki ,Royal Lepage Lannon Realty (807) 476-8668
4810 HIGHWAY 17, Thunder Bay Remote Area

23 photos

$899,000

4810 Highway 17, Thunder Bay Remote Area, Ontario P0T 2Y0

0 beds
0 baths
56 days

Hwy 17 and Lupsako Rd. Incredible opportunity to own a high-traffic, multi-income commercial property on nearly 24 acres with direct access and visibility from the Trans-Canada Highway. This long-standing, family-run operation includes a gas station, fully licensed restaurant, propane dispensing,

Listed by: Tejwinder Sudan ,Royal Lepage Credit Valley Real Estate (647) 283-6448
House for sale: 3571 WHISPERING WOODS TRAIL, Fort Erie

46 photos

$1,199,000

3571 Whispering Woods Trail, Fort Erie (335 - Ridgeway), Ontario L0S 1N0

4 beds
3 baths
7 days

Thunder Bay to Butlers to Whispering Woods Trail Introducing this stunning bungalow situated in the desirable Ridgeway-by-the-Lake community, built by Niagara's acclaimed Blythwood Homes. This property is ideally located between the tranquil shores of Lake Erie and the charming downtown of

House for sale: 163 MAPLE LEAF AVENUE N, Fort Erie

22 photos

$599,900

163 Maple Leaf Avenue N, Fort Erie (335 - Ridgeway), Ontario L0S 1N0

3 beds
2 baths
102 days

THUNDER BAY RD Located just steps from the friendship trail and steps from downtown Ridgeway, this home with 126'X107' foot lot offers excellent potential for severance, rezoning for multi residential units, or small scale infill project. Minutes to Lake Erie's beaches, boat launches and parks,

LOT 27 BERGMAN ROAD EVA LAKE, ATIKOKAN

17 photos

$199,900

Lot 27 Bergman Road Eva Lake, ATIKOKAN (ATIKOKAN), Ontario P0T 1C0

0 beds
0 baths
73 days

36 KM EAST OF ATIKOKAN-LESS THAN 2 HOURS WEST OF THUNDER BAY. TURN ON EVA LAKE RD., TURN ON CHURCH ROAD AND ONTO BERGMAN ROAD New Listing. Your Waterfront Paradise Awaits! Discover this rare, cleared, vacant waterfront property on the stunning shores of Eva Lake! With a direct driveway leading

Kaity Howarth,Exp Realty
Listed by: Kaity Howarth ,Exp Realty (807) 620-9705
5032 E TRANS-CANADA Highway, White River

16 photos

$539,000

5032 E Trans-canada Highway, White River, Ontario P0M 3G0

0 beds
0 baths
77 days

It is on Trans Canada highway and Paint Lake Rd Welcome to Resort Living on Fungus Lake in White River . This Commercial and Residential 2.00 acre point has over 194.41' of natural shoreline with clear, deep water and panoramic views. Breathtaking sunsets. The private beach is perfect for

Shahida Umar,Re/max Real Estate Centre Inc.
Listed by: Shahida Umar ,Re/max Real Estate Centre Inc. (519) 591-8693

Exploring Thunder Bay's Multi-Family Real Estate Market

Thunder Bay, a vibrant city nestled on the shores of Lake Superior, offers a unique blend of urban amenities and natural beauty. For those considering investing in multi-family properties, Thunder Bay presents a compelling opportunity. This article delves into the various aspects of the multi-family real estate market in Thunder Bay, providing insights into zoning, resale potential, lifestyle appeal, and seasonal market trends.

Zoning Considerations for Multi-Family Properties

Understanding zoning regulations is crucial when investing in multi-family properties in Thunder Bay. The city has specific zoning bylaws that dictate where multi-family developments can occur. These regulations are designed to ensure that residential areas maintain their character while accommodating growth. Investors should consult the Thunder Bay Zoning By-law to identify areas designated for multi-family use. This can help avoid potential legal issues and ensure that the property aligns with long-term investment goals.

For those interested in exploring other regions, the Oxford House and Welland areas also offer diverse multi-family opportunities, each with its own zoning nuances.

Resale Potential and Market Dynamics

Thunder Bay's real estate market has shown resilience and growth, making it an attractive option for investors. The city's strategic location and economic stability contribute to its strong resale potential. Multi-family properties, in particular, benefit from consistent demand due to the city's growing population and the influx of students and professionals.

Investors should consider the Thunder Bay District for its promising resale potential. Additionally, comparing market trends with other regions like North Bay can provide valuable insights into potential growth trajectories.

Lifestyle Appeal of Thunder Bay

Thunder Bay offers a unique lifestyle that combines urban conveniences with outdoor adventures. The city's proximity to natural attractions such as Sleeping Giant Provincial Park and the Lake Superior shoreline makes it a haven for outdoor enthusiasts. This lifestyle appeal enhances the attractiveness of multi-family properties, as tenants often seek residences that offer both comfort and access to recreational activities.

For those considering a more rural setting, the Thunder Bay Rural area provides a tranquil alternative while still being close to the city's amenities.

Seasonal Market Trends

The real estate market in Thunder Bay experiences seasonal fluctuations, with certain times of the year being more favorable for buying or selling properties. Typically, the spring and summer months see increased activity, as the warmer weather encourages more property viewings and transactions. Investors should be mindful of these trends to strategically time their purchases or sales.

Comparing these trends with other regions, such as Oro-Medonte and Belleville, can provide a broader perspective on market dynamics and help in making informed decisions.

Investment Strategies and Opportunities

Investing in multi-family properties in Thunder Bay requires a strategic approach. Potential investors should conduct thorough market research and consider factors such as location, property condition, and tenant demographics. Engaging with local real estate experts can provide valuable insights and help identify lucrative opportunities.

For those looking to diversify their portfolio, exploring multi-family options in Oshawa or Departure Bay can offer additional avenues for growth and income generation.