Downtown Thunder Bay for Only $76K/Unit! 5 Unit Mixed-Use Commercial and Residential Multi-Family in Thunder Bay: 129 Brodie St S, Thunder Bay
✅ Wholesale Price: $380K (Or Best Offer)
✅ Estimated As-Is Value: ~$465K
✅ Estimated After Repair Value: ~$710K+
✨Closing: June 3, 2022
This is an amazing opportunity to purchase a highly undervalued mixed-use commercial and residential property for less than 400k in the downtown core of Thunder Bay, ON – close by shopping plazas, parks, schools and Lake Superior! With tons of upside potential, investors do not want to miss out their chance to BRRRR, wholetail, flip or cash-flow with this highly lucrative property. Check out the Photos, Video, and Financials below and contact Peter today at 647 955 0843 to place an offer or learn more about this opportunity.
Take advantage of this opportunity to purchase an undervalued multi-family property with NO bidding wars in one of the strongest cash flowing real estate markets in Canada and the largest city in Northwestern Ontario. This is a rare chance to purchase a multi-family property in downtown Thunder Bay. This neighbourhood is a developed retail and commercial area with tons of restaurants, grocery stores, retail stores, and ample access to public transportation. Thunder Bay has a population over 100K and has sustainable employment spread out amongst both public and private sectors, making it an attractive market for rental investments.
There is only 1 partially comparable property in the area that has sold in the last 6 months, it is listed below. Single family detached homes in the area have been selling in the mid to high 200s.
Due to the property being a mixed use multi, we used the income approach to determine the value of the property (see financials).
🏷135 Archibald St N – $468,040 (Sold Dec 2021)
• 2.5 storey brick home converted to retail
• Tax assessed value: $144,000, lower than subject property
✨For full information, videos, and photos check out the link below: