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  • 120 Harold Street
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 120 Harold Street South, Thunder Bay ON  $399,900

  

Introducing a new investment opportunity that's sure to capture your interest! This all-brick, 4-unit building presents itself as the ideal addition to your investment portfolio. With its attractive facade and promising potential for cash flow, this property is the answer to your search for the perfect investment opportunity. Let the rental income from the four units help pay off your mortgage while simultaneously building equity. Boasting a lot frontage of 44 feet and a depth of 125 feet, the property offers ample space for parking both in the front paved parking and 4 rear back parking spots off the lane with electrical. Each unit has 1 bedroom and are approx. 640 sq ft each with front & back entrances. The full basement offers lots of storage options with a coin-op laundry facility that brings in extra income. Located on a quiet southside street. Plus, with low maintenance requirements, you can enjoy peace of mind knowing that your investment is both lucrative and hassle-free. Don't miss out on the chance to capitalize on this promising venture!

Wendy Ferris Sales RepresentativePresented by:

Wendy Ferris

Sales Representative

807-624-8452

ronandwendyferris@shaw.ca

 

 

Age

1951

Sq Footage

2560 - not including the bsmt

 

Apartment Income

Unit 1 - mn flr $985 + hydro
Unit 2 - 2lvl - $627 + hydro
Unit 3 - mn flr - $869 + hydro
Unit 4 - 2lvl - $879 + hydro

all rents are month to month
 

Expenses

Hydro - $600/yr

Water - $2500/yr

Insurance - $4000/yr

Repairs/Maintenance - $1220/yr

 

Basement

Full - with coin-op laundry facilities

Garage

No - front & back parking - paved parking out front and off lane 4 spots with electrical plugs

 

Area

McKellar Park

 

Taxes

$3700/yr for 2023

 

Lot Size

44 ft x 125 ft

Heat Type

Forced air Gas

 

Heat Cost

$1500/yr approx.

Updates & Extras

Shingles approx 8 yrs, updated vinyl plank flooring, drywall & paint on main floor, upstairs apartment has marble counters & stainless appliances in kitchen, 2 full updated bathrooms (1 ensuite), balcony, hardwood floors, paved parking lot, back deck, back storage, partially fenced yard

 

 

                                           

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