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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!
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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
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Access Municipal
road
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Parking rear
paved parking front driveway - fits up to 2 cars |
Area
Walking distance to University
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Taxes
$5500/yr approx. |
Lot Size
33 ft x 118 ft
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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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