230 Brodie Street N,Thunder Bay (McKeller Park), ON P7C3S5
Thunder Bay (McKeller Park), ON P7C3S5
Description
Exceptional investment opportunity to own a legally recognized 12-unit apartment building in a prime central location. Originally built in 1913, this solid brick and stone character property blends historic charm with significant long-term income potential. Designated as a historical building, the property showcases timeless architectural appeal while benefiting from numerous important updates and improvements over the years. This legal non-conforming 12-plex offers twelve self-contained 1-bedroom units, each featuring a full bathroom, kitchen, living area, and dual entrances. Hardwood flooring exists beneath most floor coverings, with a mix of carpet, vinyl, and linoleum currently throughout. All existing appliances are included in the sale. Extensively maintained, the property features a newer metal roof completed in 2021, updated eavestroughs and downspouts completed in 2026, a 400-amp main electrical service, separately metered units, owned hot water tanks, and a newer natural gas forced-air heating system servicing the basement area, with electric baseboard heating in each individual unit. The front stairwell was added approximately five years ago to satisfy fire code requirements following a satisfactory fire inspection report. Additional improvements and compliance upgrades have also been completed, reflecting pride of ownership and ongoing care. The building sits on a 49.82? x 99.34? lot and offers strong upside potential for investors looking to expand or stabilize their portfolio. Currently tenant parking is street parking only, with future parking considerations potentially available through a minor variance application with the city. This is a rare opportunity to acquire a well-maintained multi-family asset with historical significance, strong rental fundamentals, and long-term value-add potential. Perfect for seasoned investors or those looking to add a unique income-generating property to their portfolio. (id:13843)
Details
| MLS # | X13250794 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 165 |
| Listing Provided By | Signature North Realty Inc. | Michael Veneziale |
Features
| Basement | Y |
|---|
Interior
| Heating | Baseboard heaters, Forced air, Electric, Natural gas |
|---|---|
| Appliances | Stove |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Stone, Poured Concrete |
|---|
Utilities
| Utilities | Cable, Telephone, Natural Gas Available, Electricity Connected |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 19529.58 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Thunder Bay (McKeller Park) |
| Postal Code | P7C3S5 |
| Listing VS Median (in P7C3S5) | |
Price: $999,999 low | high Med: $0 On site: 165 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Thunder Bay (McKeller Park) |
| Postal Code | P7C3S5 |
| Listing VS Median (in P7C3S5) | |
Price: $999,999 low | high Med: $0 On site: 165 low | high Med: | |
