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  • 447 Oliver Road
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447 Oliver Road, Thunder Bay  - $499,900

This building offers an excellent investment opportunity with residential rental income plus 1500 sq ft of main floor space, conveniently located just blocks from the university, the Community Auditorium, and the Canada Games Complex. The property includes two vacant 1-bedroom apartments, one 2-bedroom apartment, 1500 sq ft of main floor space, property is zoned UL (Urban Low-rise) and main floor equipment included in purchase price. Each apartment has separate hydro meters, a dedicated parking space, and access to a large parking lot at the back for tenants. The building also features a full basement for storage or expansion, as well as modern upgrades like a hot water on-demand system and a high-efficiency furnace. With its prime location and multiple revenue streams, this property is a rare opportunity not to be missed. Building and equipment is being sold, business is not being sold. Buyer to verify permitted use. Schedule a viewing today!

Wendy Ferris Sales RepresentativePresented by:

Wendy Ferris

Sales Representative

624-8452

ronandwendyferris@shaw.ca

 

Age

50+ yrs

Apartments

Apt A - 1 br

Apt B - 1 br

owners residence - 2 brs

Commercial space

 

Sq Footage

3000 approx.

Facilities

3 apts

coin-op laundry commercial unit

patio

paved rear parking lot

front double parking for apts

separate hydro meters for all units

 

Access

Municipal road

 

Parking

rear paved parking

front driveway - fits up to 2 cars

Area

Walking distance to University

 

Taxes

$5500/yr approx.

Lot Size

33 ft x 118 ft

 

Heat Type

Hot Water Gas on demand

boiler updated 4 yrs ago approx.

Chattels Included

3 fridges, 3 stoves  10 small washers, 5 large washers, 12 dryers (doubled stacked), 4 washers & dryers (not functioning).

Updates & Extras

updated electrical service coming in and updated separate meters, hot water on demand boiler system, owned hot water tanks

 

                                           

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