711 Ridgeway Street E, Thunder Bay, ON P7E 5H3
Hyde Park, Thunder Bay · Near Off Archibald St. (Corner of Archibald and Ridgeway) · View map
About this home
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.
The home
- Type
- Multiplex
- Square footage
- 2600 sq ft
- Bathrooms
- 0
- Basement
- Full
- Lot size
- 54 x 95.3 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $5,452/yr
- Tax year
- 2026
- Possession
- Immediately
- Cross street
- Off Archibald St. (Corner of Archibald and Ridgeway)
- Neighbourhood
- Hyde Park
More
- MLS® number
- X13687188
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
711 Ridgeway Street, Thunder Bay, ON P7E 5H3
Hyde Park, Thunder Bay · Near Off Archibald St. (Corner of Archibald and Ridgeway)
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Listing history for 711 Ridgeway Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 711 Ridgeway Street E
Answers come straight from this home’s MLS® listing.
How much is 711 Ridgeway Street E listed for, and what would it cost each month?
711 Ridgeway Street E is listed for $415,000. With 20% down ($83,000), the mortgage payment would be roughly $1,674 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,128 a month, all in. That figure is an illustration, not a quote.
Is 711 Ridgeway Street E freehold or a condo, and is there a monthly fee?
711 Ridgeway Street E is a multiplex in Hyde Park, Thunder Bay. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 711 Ridgeway Street E have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
Does 711 Ridgeway Street E have a finished basement?
The listing describes the basement as full.
What style of home is 711 Ridgeway Street E?
711 Ridgeway Street E is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 711 Ridgeway Street E, and what is the lot size?
The lot is listed as 54 x 95.3 ft.
How is 711 Ridgeway Street E heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 711 Ridgeway Street E?
Property taxes are $5,452 a year (2026), or about $454 a month.
Where is 711 Ridgeway Street E?
711 Ridgeway Street E is in the Hyde Park community of Thunder Bay. The nearest main intersection is Off Archibald St. (Corner of Archibald and Ridgeway). The postal code is P7E 5H3.
Is 711 Ridgeway Street E still for sale?
Yes. It is an active listing (MLS® X13687188). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 711 Ridgeway Street E asking?
Similar properties for sale nearby right now include 129 McKellar Street N at $395,000, 391-393 Cuyler Street at $498,000 and 218 Powley Street at $535,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 711 Ridgeway Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 711 Ridgeway Street E?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
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Duplex$535,000218 Powley Street, Thunder BayCourt / CumberlandCourtesy of: RE/MAX FIRST CHOICE REALTY LTD.View home →Courtesy of: REMAX First Choice Realty Ltd.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.