For Sale · Specialty

109 EMPRESS AVENUE S, Thunder Bay (West End)

109 EMPRESS AVENUE S, Thunder Bay (West End), ON P7B5B1

$339,900 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

100%

About this property

This lovely home has so much to offer! Located in Port Arthur in a great neighbourhood, close to schools, amenities, parks and the University, this spacious home is perfect for first time buyers and investors! Upon arrival, it features a newly paved driveway and fence into a fully fenced large backyard with a deck for entertaining. Walking through the front door there is a bright living room with hardwood floors following into a huge kitchen with oak cabinets and lots of room for a dining table for entertaining. The main floor also features two bedrooms with hardwood floors and a 4 piece bathroom. Upstairs you will find 3 more bedrooms, one with a walk-out balcony and a 3 piece bathroom! The basement has another bedroom, a rec room and multi use rooms including a laundry room, cold room and utility room. The large back porch leads out to the big fully fenced backyard and a cleared space for another driveway! With a roof redone in 2018, lots of newer windows, a furnace in 2020, and A/C in 2023, the next owner can create a wonderful space all their own! (id:66811)

Financial sandbox

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Estimate
Purchase price$340K
Down payment30% · $102K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$28K

Annual cash flow

$9K

Cash-on-cash

8.93%

DSCR

1.48

Going-in cap

8.22%

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

43,097

Households

15,985

Median income

$89,500

Median age

45.5

Daytime population

43,653

5-yr growth

3.1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 109 EMPRESS AVENUE S, Thunder Bay (West End).

NDA required
  • 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.