110 Albany ST — Thunder Bay, Ontario

New Listing. Welcome To 110 Albany Street, An Ultra-Rare Opportunity To Own A Purpose-Built Multi-Generational Property Offering Exceptional Flexibility, Strong Income Potential, And Stunning Lake Views. Constructed In 1987 With Solid All-Brick Construction And Quality Craftsmanship Throughout, This Immaculately Maintained Property Features Over 4,000 Sq. Ft. Of Finished Living Space Across Three Self-Contained Units, Each With Its Own Kitchen, Bathroom, Laundry Access, And Separate Entrance. Perfect For Investors, House Hackers, Or Large Families Seeking Independent Living Spaces Under One Roof. Live Comfortably In One Unit While Rental Income From The Others Helps Pay Your Mortgage, Or Maximize Cash Flow With Potential Gross Rents Approaching $8,000 Per Month And An Estimated Cap Rate Exceeding 8% — A Rare Find In Today’s Market. Recent Updates Include Quartz Countertops, Luxury Vinyl Flooring, A Newer Roof, And Updated Lennox Furnaces. Additional Features Include A Double Detached Garage, Multiple Decks, Hot Tub, Central Air, And Beautiful Lake Views. Ideally Located In A Desirable North Side Neighbourhood Close To Boulevard Lake, Marina Park, Walking Trails, Schools, And Amenities. The Adjacent Vacant Lot May Also Be Available For Purchase At An Additional Cost, Creating Even More Future Potential. (id:63357)