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350 Bay Street in Thunder Bay for sale

Asking price
$849,900
Estimate (Oct 15)
$868,176
MLS #:
X14082380
Type:
Triplex, 3-Storey
Approx. SQFT:
3500-5000
Basement:
Development Potential, Unfinished
9 9
66 x 100 ft lot
An exceptional turnkey investment opportunity with rare vacant possession on closing! This completely renovated and permitted three-plex, converted in 2013/2014, comes fully documented with available permits, structural and engineering drawings, and fire reports-everything has been done. The property features three spacious, self-contained apartments, each offering three bedrooms, two full bathrooms, in-suite laundry, individual furnaces, central A/C, and separate 100-amp breaker panels. Tenants pay their own hydro, heat, and Wi-Fi, leaving the landlord responsible only for common areas. The basement provides dedicated tenant storage with option to convert into a fourth unit with city approval, buyer to verify. Each unit was rented out at $2400 plus utilities. Upgrades include updated shingles, windows, furnaces, two sump pumps, and a backwater valve. Outside, enjoy ample parking with space to expand. Nicely maintained with annual fire inspections, this rare gem is close to the marina, law school, transit, and top amenities. Two units are vacant now, and the third is vacant November 1st. Top floor unit has a nice view of Lake Superior with high ceilings. All units are the exact same layout approx 1000 sq ft (interior measurement), features and finishings.

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  • Date Listed: Thursday, October 15, 2026
  • Listing Brokerage: Royal LepageĀ® Lannon Realty - Disclaimer: The information contained in this listing has not been verified by Royal LepageĀ® Lannon Realty and should be verified by the buyer.
  • City: Thunder Bay

    More 9 bedrooms homes for sale in Thunder Bay

  • Neighbourhood: Court / Cumberland
  • Major Intersection: Ontario
  • Full Address: 350 Bay Street, Thunder Bay, P7B 1S3, Canada, ON, Canada
  • Living Room:
  • Kitchen: B/I Dishwasher, B/I Microwave
  • Kitchen: B/I Dishwasher, B/I Microwave
  • Living Room:
  • Kitchen: B/I Dishwasher, B/I Microwave
  • Living Room:
  • Amenities:
  • Taxes: $6,720.00 (2026)
Living16 x 12 ft192 sq ft
Kitchen13 x 11 ft143 sq ft
Br11 x 11 ft121 sq ft
2nd Br11 x 11 ft121 sq ft
3rd Br11 x 11 ft121 sq ft
Br11 x 11 ft121 sq ft
2nd Br11 x 11 ft121 sq ft
3rd Br11 x 11 ft121 sq ft
Kitchen13 x 11 ft143 sq ft
Living16 x 11 ft176 sq ft
Br11 x 10 ft110 sq ft
2nd Br11 x 11 ft121 sq ft
3rd Br11 x 11 ft121 sq ft
Kitchen13 x 11 ft143 sq ft
Living16 x 12 ft192 sq ft

WHAT'S YOUR HOME WORTH?

Click here to get an instant estimate and track its value over time.