For Sale: 1012 Victoria Avenue E, Thunder Bay, ON - REW
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$419,900
0 bd • ba • sf • Multifamily
1012 Victoria Avenue E
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$419,900
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1012 Victoria Ave. E.Thunder Bay, ON, P7C 1B6

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

Well-maintained mixed-use investment property featuring a 4-plex plus a small commercial unit on a high-visibility main arterial street. Currently partially rented, with Apartment 1 vacant and fully demolished for future redevelopment, and Apartment 3 fully renovated in 2025, offering strong value-add and lease-up potential. This solid asset benefits from extensive upgrades, including five updated electrical panels, interconnected smoke alarms, newer boiler and chimney, commercial and main roof replacements, select window upgrades, and an owned hot water tank. Apartments 1, 2, and 4 feature updated vanities and modern laminate flooring, while all bathrooms include low-flush toilets. With separate hydro metering, strong infrastructure, and clear upside through renovation and repositioning, this property presents an excellent opportunity for investors seeking cash flow and long-term growth. (id:63626)
Listed by: JOHNNY AVELLA, Salesperson, ROYAL LEPAGE LANNON REALTY

Home facts and features

Price details
List Price
$419,900
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Gross Taxes for 2026
$3,984
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
Frontage
33.0
Year Built
Built in 1927 (99 yrs old)
Exterior Finish
Stucco
Heating Type
Boiler
Features
Laundry Facility
Agent details
Primary Agent
JOHNNY AVELLA
Primary Broker
ROYAL LEPAGE LANNON REALTY
Secondary Agent
ENZO RUBERTO
Secondary Broker
ROYAL LEPAGE LANNON REALTY
Listing details
Days on REW
117 Days
Property Views
24
MLS® Number
TB2600200
Source
Canadian Real Estate Association
Board
Thunder Bay Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

McKellar Park Central Public School
  • Public
  • JK - 8
Pope John Paul II Elementary School
  • Catholic
  • 7 - 8
St Patrick School
  • Catholic
  • 9 - 12
St Jude Catholic Elementary School
  • Catholic
  • JK - 6
St Elizabeth Catholic Elementary School
  • Catholic
  • JK - 6
Ogden Community Public School
  • Public
  • JK - 8
Hyde Park Public School
  • Public
  • JK - 3
Kingsway Park Public School
  • Public
  • 4 - 8
St Thomas Aquinas Catholic Elementary School
  • Catholic
  • JK - 6
Westmount Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
JOHNNY AVELLA
Office:
807-623-5011
Salesperson
ENZO RUBERTO
Office:
807-623-5011
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.