507 Van Norman Street, Thunder Bay, ON, P7A 4E3

MLS® # TB2600129

new listing

Rent-to-Own

House For Sale In College Heights, Thunder Bay, Ontario

$499,900 QuickQuote^TM: $434K - $518K

6 Beds

4 Baths

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507 Van Norman Street, Thunder Bay, ON - Outdoor

507 Van Norman Street, Thunder Bay, ON - Indoor Photo Showing Living Room

507 Van Norman Street, Thunder Bay, ON - Indoor Photo Showing Dining Room

507 Van Norman Street, Thunder Bay, ON - Indoor Photo Showing Bathroom

507 Van Norman Street, Thunder Bay, ON - Indoor Photo Showing Bedroom

507 Van Norman Street, Thunder Bay, ON - Indoor Photo Showing Kitchen With Double Sink

507 Van Norman Street, Thunder Bay, ON - Indoor

507 Van Norman Street, Thunder Bay, ON - Indoor Photo Showing Other Room

507 Van Norman Street, Thunder Bay, ON - Indoor Photo Showing Basement

507 Van Norman Street, Thunder Bay, ON - Indoor Photo Showing Kitchen

507 Van Norman Street, Thunder Bay, ON - Indoor Photo Showing Office

507 Van Norman Street, Thunder Bay, ON - Outdoor With Exterior

507 Van Norman Street, Thunder Bay, ON - Outdoor With Deck Patio Veranda

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507 Van Norman Street, Thunder Bay, ON, P7A 4E3

$499,900

6 Beds

4 Baths

Property Information:

Solid income-producing 2.5-storey character property in the sought-after College Heights neighbourhood, offering four legal rental units and a strong cap rate. This investment property features a basement unit with separate entrance, a newly rebuilt two-storey front deck, and all appliances included. The property has recently passed a fire inspection and is partially tenanted with reliable, long-term tenants in place, providing immediate cash flow. Conveniently located near grocery stores, County Fair Mall, Lakehead University, and Downtown Thunder Bay, this asset benefits from consistent rental demand and excellent return on investment.

Property Features:

Annual Tax Amount: $2,747
Access: Municipal Road
Basement: Full Basement
Basement Finish: Partially Finished
Driveway Details: Gravel
Exterior Finish: Siding
Features Exterior: Balcony, Fenced Yard, Storage Shed, Heat Trace Cables
Features Interior: Basement Kitchen, Dining Room - Separate, Hardwood Floors, Main Floor Family Room, Rec Room, Storage Room
Floor Space (approx): 2149 Square Feet
Foundation: Block
Heating Source: Natural Gas
Lot Depth: 125 Feet
Lot Frontage: 33 Feet
Property Size: 0.0 - 0.49 Acres
Roof Type: Asphalt Shingle
Services Available: Bus Service, Cable, Garbage PickUp, High Speed Internet, Hydro, Natural Gas, Street Lights, Telephone
Sewer/Septic: Sewer
Style: 2-Storey +
Water/Well: Municipal Water
Heating Type: Forced Air