50 Ontario Street
Thunder Bay (Court / Cumberland), ON P7B 3E9
- —Bedrooms
- —Bathrooms
- 0Parking
- —Sq Ft
- $4,529Tax
- 39×124 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 50 Ontario Street, Thunder Bay, Court / Cumberland
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-12-17 | 2026-06-01 | Login to See Prices | Sold | x13259206 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 50 Ontario Street, Thunder Bay, Court / Cumberland
Summarized Description
- Solid income property with five rental units.
- Proven rental location with low turnover.
- Units feature cosmetic updates and good condition.
- Detached garage adds value for tenants.
- Long history of quick leasing during vacancies.
- Separate hydro meters for each unit.
- Landlord covers water and gas expenses.
Solid 5-unit income property in a proven rental location. The building contains a desirable unit mix of one 3-bedroom apartment, one 2-bedroom apartment, and three 1-bedroom apartments. This property has a long track record of steady cash flow and has historically leased quickly during vacancies. Units are in good overall condition with a combination of cosmetic updates throughout, including some refinished hardwood floors and newer laminate flooring. Major capital items include five separate hydro meters, updated electrical with individual breaker panels for each unit, copper plumbing, shingles replaced in 2012, and an updated boiler. A digital thermostat allows remote control of the heating system. Additional features include a detached two-car block garage. Tenants pay their own hydro, while the landlord covers water and gas. Excellent opportunity for investors seeking a well-maintained, low-turnover multi-residential asset.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,529
- Land Transfer Tax Fee
- $10,873
Rental Items
- Rental Equipment
- Reliance HWT
- Basement Type
- Full
Interior Features
- Interior Extras
- Other
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
Construction
- Exterior Finish
- Other
- Roof
- Asphalt Rolled
- Foundation Details
- Other
- Special Designation
- Other
Lot
- Lot Front
- 38.50 ft
- Lot Depth
- 124.00 ft
Inclusions
- Inclusions
- 5 fridges, 5 stoves, 1 washer and 1 dryer. All in AS/IS condition.
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Other
- Air Conditioning
- Other
- Water
- Municipal
- Sewers
- Sewer
- Municipality
- Thunder Bay
- Neighbourhood
- Court / Cumberland
- Main cross streets
- Corner of Cornwall Ave and Ontario St
- Zoning
- Urban Low Rise Zone
- Directions
- Corner of Cornwall Ave and Ontario St
- MLS® number
- X13259206
- Data source
- tbay
- Status change
- 2026-06-01
- Listed on
- 2025-12-17
- Days on market
- 166 days
- Possession type
- Immediate
- Co-op commission
- 2.0
- Seller
- Listed by
- Royal LePage Lannon Realty
Home Market Value
Current home valuation for 50 Ontario Street, Thunder Bay, Court / Cumberland, Thunder Bay, ON. Listed for $719,900
HOMEH Estimate
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Estimated Sales Range
—
HOMEH Estimate for 50 Ontario Street, Thunder Bay, Court / Cumberland
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $219,900 over $500K
$46,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $26,895 | $20,085 | $17,134 | $0 |
=Total mortgage | $699,282 | $667,995 | $629,049 | $575,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $3,414monthly | $3,261monthly | $3,071monthly | $2,812monthly |
Land Transfer Tax
$10,873
$10,873
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