230 Brodie St N Thunder Bay, Ontario P7C 3S5
$999,999
Exceptional investment opportunity to own a legally recognized 12-unit apartment building in a prime central location. Originally built in 1913, this solid brick and stone character property blends historic charm with significant long-term income potential. Designated as a historical building, the property showcases timeless architectural appeal while benefiting from numerous important updates and improvements over the years. This legal non-conforming 12-plex offers twelve self-contained 1-bedroom units, each featuring a full bathroom, kitchen, living area, and dual entrances. Hardwood flooring exists beneath most floor coverings, with a mix of carpet, vinyl, and linoleum currently throughout. All existing appliances are included in the sale. Extensively maintained, the property features a newer metal roof completed in 2021, updated eavestroughs and downspouts completed in 2026, a 400-amp main electrical service, separately metered units, owned hot water tanks, and a newer natural gas forced-air heating system servicing the basement area, with electric baseboard heating in each individual unit. The front stairwell was added approximately five years ago to satisfy fire code requirements following a satisfactory fire inspection report. Additional improvements and compliance upgrades have also been completed, reflecting pride of ownership and ongoing care. The building sits on a 49.82’ x 99.34’ lot and offers strong upside potential for investors looking to expand or stabilize their portfolio. Currently tenant parking is street parking only, with future parking considerations potentially available through a minor variance application with the city. This is a rare opportunity to acquire a well-maintained multi-family asset with historical significance, strong rental fundamentals, and long-term value-add potential. Perfect for seasoned investors or those looking to add a unique income-generating property to their portfolio. (id:61445)
Property Details
| MLS® Number | TB2601126 |
| Property Type | Multi-family |
| Community Name | Thunder Bay |
| CommunicationType | High Speed Internet |
| CommunityFeatures | Bus Route |
Building
| BasementType | Full |
| ConstructedDate | 1913 |
| ExteriorFinish | Brick, Steel |
| FoundationType | Concrete Perimeter, Stone |
| HeatingType | Baseboard Heaters, Forced Air |
| StoriesTotal | 3 |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Parking
| None |
Land
| AccessType | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeFrontage | 49.8200 |
| SizeTotalText | Under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/29782988/230-brodie-st-n-thunder-bay-thunder-bay
Interested?
Contact us for more information
Michael Veneziale
Broker
291 Court St. S.
Thunder Bay, Ontario P7B 2Y1
Marcia Broughton
Broker
291 Court St. S.
Thunder Bay, Ontario P7B 2Y1
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July 09 2026 02:22:41
Signature North Realty Inc.