711 Ridgeway Street E
Hyde Park, Thunder Bay, P7E 5H3
$415,000
- 0 bedrooms
- 0 bathrooms
Listed 62 days ago · MLS® X13687188
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.
Details
- Type
- Multiplex
- Lot
- 54 × 95.25 ft
- Basement
- Full
- Garage
- None
- Kitchens
- 0
- Property tax
- $5,452 (2026)
- Neighbourhood
- Hyde Park
- Municipality
- Thunder Bay
Interior
- Family room or den
- No
- Fireplace
- Natural Gas
Heating, cooling and services
- Heating
- Forced Air, Gas
Building and exterior
- Faces
- North
Lot
- Size
- 54 × 95.25 ft
- Acreage
- < .50
More
- Possession
- Immediately
- Cross street
- Off Archibald St. (Corner of Archibald and Ridgeway)
History of this address
1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Car-dependent
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 2 cafés and restaurants, 2 parks. Nearest park: Kam River Park (300 m).
Schools nearby
Elementary
- McKellar Park Central Public School
EQAO: Gr 6 reading 71%, math 7%14 min walk - St. Elizabeth Catholic Elementary School Catholic
EQAO: Gr 6 reading 91%, math 48%18 min walk - Kingsway Park Public School
EQAO: Gr 6 reading 78%, math 30%1.6 km - Ogden Community Public School
EQAO: Gr 6 reading 61%, math 17%1.7 km
Secondary
- Pope John Paul II Elementary School Catholic12 min walk
- St. Patrick High School Catholic
EQAO: Gr 9 math 51%, literacy test 76%17 min walk - Lakehead Adult Education Centre1.6 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area P7E
- Owners / renters
- 63% / 37%
- Median household income
- $68,500
- Average age
- 44
- Children under 15
- 14%
- Homes
- 66% detached, 4% high-rise
- Commute by transit
- 4%
- Population
- 20,897
Languages spoken most at home besides English: Italian 0.3%, S'gaw Karen 0.3%, Tagalog (Pilipino, Filipino) 0.2%, Malayalam 0.2%.
Safety
Crime Severity Index for Thunder Bay police: 119 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
Noise 1 source nearby
- 🚆 Rail line (Nipigon Subdivision)150 m
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by REMAX First Choice Realty Ltd..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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