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$419,900

1012 Victoria Ave. E. — Thunder Bay, Ontario

P7C1B6

ROYAL LEPAGE LANNON REALTY

1927Built

About This Property

Well-maintained mixed-use investment property featuring a 4-plex plus a small commercial unit on a high-visibility main arterial street. Currently partially rented, with Apartment 1 vacant and fully demolished for future redevelopment, and Apartment 3 fully renovated in 2025, offering strong value-add and lease-up potential. This solid asset benefits from extensive upgrades, including five updated electrical panels, interconnected smoke alarms, newer boiler and chimney, commercial and main roof replacements, select window upgrades, and an owned hot water tank. Apartments 1, 2, and 4 feature updated vanities and modern laminate flooring, while all bathrooms include low-flush toilets. With separate hydro metering, strong infrastructure, and clear upside through renovation and repositioning, this property presents an excellent opportunity for investors seeking cash flow and long-term growth. (id:63357)

Property Location

Map

Property Details

Property Type: Multi-Unit
Year Built: 1927
Status: Active

Location & Neighborhood

What's nearby 1012 Victoria Ave. E.

Nearby Schools

McKellar Park Central Public School
elementary
0.4 km
Pope John Paul II
elementary
0.4 km
Pope John Paul II Elementary School
secondary
0.5 km

Parks & Recreation

Paterson Park
park
0.5 km
Norah Parkette
park
0.6 km
Kam River Park
park
0.7 km

Local Amenities

Library

Thunder Bay Public Library: Brodie Resource Library0.5 km
Caution!! Blind Bend0.6 km

Coffee & Cafes

Tim Hortons0.7 km

POI data updated 4/2/2026

Price History

$419,900

May 17, 2026

↓ $10,000

-2.3%

Thunder Bay Market Snapshot

160

Active Listings

$430K

Median Price

—

Avg Days on Market

Last updated: Apr 30, 2026

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ROYAL LEPAGE LANNON REALTY

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$419,900