397 Empire AVE
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Multi-Family For Sale

$1,490,000

397 Empire AVE

MLS® Number: TB2600300

Floor Area

4,824

Year Built

2025

About This Property

PREMIER INVESTMENT OPPORTUNITY: BRAND NEW, FULLY RENTED 4-PLEX! Secure your future with this turn-key investment property—a stunning, newly constructed 4-plex in a quiet, highly desirable pocket of Westfort. This property is built to attract and retain quality tenants, boasting superior construction including an ICF basement for unmatched efficiency. Each of the four currently rented units offers 2 bedrooms, premium features like granite countertops, open-concept living, in-suite laundry, individual heating systems, hot water on demand, and separate entrances and driveways. Its prime location offers residents walkable access to bus routes, schools, parks, and Westfort Village amenities. With all four units currently rented, this is a rare chance to acquire a fully stabilized income property providing immediate, stable cash flow. Don't miss out on this low-risk, high-return asset; contact me today for the full investment package.(PICTURES ARE BEFORE TENANTED) (Adjacent 4plex also for sale) Apt A - $2250; Apt B - $2450; Apt C - $2150. Apt D - $2250 - All rents plus Heat and Hydro.

Property Details

Interior Details

Basement

Full

Cooling

Air exchanger

Heating

Forced air

Living Area

4824 sqft

Building & Exterior

Building Features

Laundry Facility

Exterior Features

Vinyl, Aluminum siding, Other

Year Built

2025

Land & Location

City Region

Thunder Bay

Community Features

Bus Route

Frontage Length

62.27

Parcel Number

620400178

Utilities & Services

Utilities

Natural Gas, Electricity, Telephone

Listing & Financials

Listing Office

ROYAL LEPAGE LANNON REALTY

Originating System Name

Thunder Bay Real Estate Board

Other Specifications

Country

Canada

Mortgage Calculator

20% ($298,000)
5.5%
25 Years

Estimated Monthly Payment

$7,320

Principal and interest only. Actual rates may vary.

Location & Map

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List PropertyN/A Bed N/A Bath Multi-family for Sale in Thunder Bay, Ontario | $1,490,000