For Sale: 397 Empire Avenue, Thunder Bay, ON - REW
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$1,490,000
0 bd • ba • sf • Multifamily
397 Empire Avenue
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$1,490,000
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397 Empire AvenueThunder Bay, ON, P7E 4S3

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

PREMIER INVESTMENT OPPORTUNITY: BRAND NEW, FULLY RENTED 4-PLEX! Secure your future with this turn-key investment property—a stunning, newly constructed 4-plex in a quiet, highly desirable pocket of Westfort. This property is built to attract and retain quality tenants, boasting superior construction including an ICF basement for unmatched efficiency. Each of the four currently rented units offers 2 bedrooms, premium features like granite countertops, open-concept living, in-suite laundry, individual heating systems, hot water on demand, and separate entrances and driveways. Its prime location offers residents walkable access to bus routes, schools, parks, and Westfort Village amenities. With all four units currently rented, this is a rare chance to acquire a fully stabilized income property providing immediate, stable cash flow. Don't miss out on this low-risk, high-return asset; contact agent for the full investment package.(PICTURES ARE BEFORE TENANTED - All units have the same quality with different finishings for both 397 and 401 Empire) (Adjacent 4plex also for sale) Apt A - $2250; Apt B - $2250; Apt C - $2150. Apt D - $2250 - All rents plus Heat and Hydro. (id:63626)
Listed by: Becky Forester, Broker, Royal LePage® Lannon Realty

Home facts and features

Price details
List Price
$1,490,000
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Gross Taxes for 2026
$9,857
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
62 ft x 119 ft (7469 ft²)
Depth
119.95 feet
Frontage
62.3 feet
Exterior Finish
Aluminum siding, Vinyl siding
Heating Type
Forced air, Natural gas, Other
Basement Details
Full
Appliances
Dishwasher, Dryer, Refrigerator, Stove, Washer
Agent details
Primary Agent
Primary Broker
Royal LePage® Lannon Realty
Listing details
Days on REW
102 Days
Property Views
77
MLS® Number
X13250594
Source
Canadian Real Estate Association
Board
Thunder Bay Real Estate Board
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25 Years
Interest Rate
3.99%

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Property Insights

St Elizabeth Catholic Elementary School
  • Catholic
  • JK - 6
Kingsway Park Public School
  • Public
  • 4 - 8
St Patrick School
  • Catholic
  • 9 - 12
Hyde Park Public School
  • Public
  • JK - 3
Pope John Paul II Elementary School
  • Catholic
  • 7 - 8
Westmount Public School
  • Public
  • JK - 8
St Thomas Aquinas Catholic Elementary School
  • Catholic
  • JK - 6
McKellar Park Central Public School
  • Public
  • JK - 8
Westgate Collegiate Vocational Institute
  • Public
  • 9 - 12
Edgewater Park 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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Broker
Becky Forester
Office:
807-623-5011
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