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

$499,900

MLS® # TB2600129

House For Sale In College Heights, Thunder Bay, Ontario

$499,900

  • 6

    Bedrooms

  • 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:

  • Bedrooms: 6
  • Bathrooms: 4+0
  • 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

Rooms:

  • Living Main Level 11.8 x 11.8
  • Bedroom Main Level 11.10 x 11.1
  • Kitchen Main Level 14.2 x 9.0
  • Kitchen 3rd Level 10.10 x 6.6
  • Bedroom 3rd Level 17.0 x 9.6
  • Kitchen 2nd Level 11.5 x 8.3
  • Bedroom 2nd Level 11.11 x 8.11
  • Bedroom 2nd Level 10.7 x 8.0
  • Living 2nd Level 11.11 x 10.2
  • Bathroom 2nd Level 4 PCE
  • Bathroom 3rd Level 4 PCE
  • Dining Main Level 14.2 x 13.0
  • Bedroom Main Level 14.11 x 9.1
  • Bathroom Main Level 4 PCE
  • Bathroom Basement Level 4 PCE

Courtesy of: RE/MAX GENERATIONS REALTY

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Additional Photos