For Sale MLS® X13687188

711 Ridgeway Street E

Hyde Park · Thunder Bay · ON · P7E 5H3

On market 51 days

2,600 Sqft
54 ft frontage Lot
Other Type

About this property

New Listing! Attention investors! This fully tenanted income property is an exceptional opportunity to add a cash-flowing asset to your portfolio. Featuring three self-contained rental units, this property offers multiple income streams with the convenience of professional property management already in place. The main floor features a spacious 2-bedroom, 1-bathroom unit, while the second-floor unit offers 2 bedrooms, 1 bathroom, a cozy gas fireplace, and a massive private deck that adds tremendous tenant appeal. The third floor is a self-contained bachelor suite, completing this versatile triplex. Adding even more value, the property includes a large garage that is separately rented, creating an additional source of income. With all units and the garage currently rented, this is a true turnkey investment. Whether you're looking to expand your portfolio or purchase your first investment property, this is an opportunity you won't want to miss.

Key facts

Type Multiplex
Lot 54 ft frontage
Size 2,600 sqft
Taxes $5,452/yr
Days on market 51
Neighbourhood Hyde Park
Property details
Property type Multiplex
Building & utilities
Basement Full
Lot
Width / Depth 54 ft
Commercial details
Building area 2,600
Financial
Taxes $5,452/yr

Mortgage calculator

$1,939/moMonthly payment
$332,000Mortgage amount
$249,672Total interest
$664,672Total cost

Location

Street view Street view of the block Look around

Imagery ©Google

Market Overview

Thunder Bay

Loading market data…
MLS® X13687188 Brokerage REMAX First Choice Realty Ltd. Listed Aug 18, 2026 Updated Sep 24, 2026

Listing data provided by the Toronto Regional Real Estate Board (TRREB).

Similar properties

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

Last updated: October 8, 2026.

$415,000
Call Text