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9 days on Market

397 Empire Ave, Thunder Bay, Ontario P7E 4S3

Townhouse
-
-
- sqft
$1,490,000
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Townhouse
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Property Estimate

Days on market9 days

Estimated valueNot available

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Description

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 agent for the full investment package.(PICTURES ARE BEFORE TENANTED - All units have the same quality with different finishings for both 397 and 401 Empire) (Adjacent 4plex also for sale) Apt A - $2250; Apt B - $2250; Apt C - $2150. Apt D - $2250 - All rents plus Heat and Hydro.


Property Details

StyleOther
View-
Age of property0-5
SqFt-
Lot Size7,469 SqFt(119.95 x 62.27)
Parking Spaces-
MLS ®NumberX13250594
Community NameWestfort
Data SourceTRREB
Listing byROYAL LEPAGE LANNON REALTY

Features

Heating: Other
Cooling: Other
Basement: Full

Features

Lot size: 7,469 SqFt

Property History

May 27, 2026
ListedActive
$1,490,000
9 days on market
Listing by trreb®
Property listed by ROYAL LEPAGE LANNON REALTY, Brokerage
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Population and Demographics

Overview

Total population 9960
Average household income $99,352

Age (%)

0 to 19
20%
20 to 34
22%
35 to 49
17%
50 to 64
22%
65 and plus
19%

Household composition (%)

Single family
55%
Single person
39%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
94%
Others
3%
French
1%
Italian
1%

House tenancy (%)

Owners
68%
Renters
32%

What’s nearby?Essentials within 5 km

Local Logic

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