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325 ARCHIBALD STREET S, Thunder Bay — listed at $1. Earn buyer cashback at closing. No catches, just more money in your pocket.
This property sits on 3.1 acres and includes a large six-story building with approximately 135,000 square feet of space. There are 130 on-site parking spaces. The residential section has 109 fully occupied apartments, including the following: 9 studio units, 89 one-bedroom units, 11 two-bedroom units. The property also includes 10 commercial units with a total rentable area of 23,391 square feet. There is a large undeveloped area with approved plans for an additional 50 residential units and basement space, offering excellent future development potential. The building is home to mostly senior and mature tenants. It is fully rented, has a waiting list for new tenants, and receives some financial assistance. (id:60164)
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Who is 325 ARCHIBALD STREET S best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $142,354, heating is baseboard heaters. Always verify the latest figures with your agent before making an offer — these change yearly.
Is this a good starter home?+
At $1, this is priced in starter-home territory for Thunder Bay. Factor in property taxes when calculating your true monthly cost.
How is the home heated? Is it efficient?+
Heating is baseboard heaters. Ask for past utility bills to understand real heating costs.
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