$449,900

House For Sale In Forest Park, Thunder Bay, Ontario

$449,900

Property Information:

**Exciting Investment Opportunity in Forest Park** Welcome to this incredible legal duplex in the highly desirable Forest Park neighborhood, an ideal location close to amenities, Lakehead University, and public transportation. Whether you're a savvy investor or looking for a place to call home with rental income potential, this property offers endless possibilities. The **main floor unit** boasts a spacious layout featuring **four bedrooms**, **two bathrooms**, and the convenience of **in-suite laundry**. The large back bedroom could easily be used as a second family room. Perfect for families or students, this unit is currently tenanted, providing immediate income potential. The **newly legalized basement apartment** is a bright and well designed **one-bedroom, one-bathroom unit** also featuring **in-suite laundry**, that’s ready for a tenant—or for you to set up as a guest suite or additional family space. With its separate entrance and vacant status, it’s a flexible addition to this property’s income-generating potential. An undeveloped attached garage with rear room presents a **unique opportunity** to expand further. With the possibility to add a **third suite**, you may be able to take advantage of the **City of Thunder Bay grant** for creating an additional dwelling unit (ADU). This could significantly boost your investment returns. This is a rare chance to own a versatile property in one of Thunder Bay’s most sought-after neighborhoods. Don’t miss out—schedule your private viewing today and explore the full potential of this fantastic investment!

Property Features:

  • Annual Tax Amount: $4,591
  • Access: Municipal Road
  • Basement: Full Basement
  • Built in: 1978
  • Fireplace Type: Wood
  • Foundation: Poured Concrete
  • Heating Source: Natural Gas
  • Lot Depth: 110.02 Feet
  • Lot Frontage: 60 Feet
  • Property Size: 0.0 - 0.49 Acres
  • Roof Type: Asphalt
  • Services Available: Bus Service, Cable, Garbage PickUp, High Speed Internet, Hydro, Natural Gas, Street Lights, Telephone
  • Sewer/Septic: Sewer
  • Water/Well: Municipal Water
  • Zoning: UL
  • Heating Type: Forced Air

Courtesy of: Royal LePage Lannon Realty

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