1/2629 VICKERS STREET S, Thunder Bay (Hyde Park)
629 VICKERS STREET S, Thunder Bay (Hyde Park), ON P7E1K2
$474,900 total
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Asset Class
Multifamily
Size
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Building class
B
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
89%
About this property
**Investment Opportunity!** Welcome to 629 Vickers Street S, a legal triplex offering immediate rental income and long-term investment potential. This fully occupied property features three self-contained one-bedroom, one-bathroom units, each with its own designated parking space. Major updates include a new roof and forced-air gas furnace in 2018, along with a new hot water tank in 2026. Units 2 and 3 benefit from separate hydro meters, while Unit 1 shares a meter with the common areas, with hydro paid by the landlord. With established rental income and potential for future revenue growth, this property presents an excellent opportunity to add a multi-unit investment to your portfolio. Whether you're an experienced investor or looking to enter the rental market, 629 Vickers Street S is worth a closer look! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$15K
Annual cash flow
$-11K
Cash-on-cash
-7.80%
DSCR
0.58
Going-in cap
3.20%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
95,147
Households
40,086
Median income
$63,500
Median age
37
Daytime population
135,049
5-yr growth
0.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 629 VICKERS STREET S, Thunder Bay (Hyde Park).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.