711 Ridgeway Street E, Thunder Bay, ON P7E 5H3
- Property tax
- $5,452 / year
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. Contact me today to book your private showing.
- MLS number
- X13687188
- Type
- Multiplex
- Status
- Active
- Bedrooms
- —
- Bathrooms
- —
- Postal code
- P7E 5H3
- Photos
- 22
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Multiplex
- Class
- Residential Freehold
- Fronting on
- North
- Community
- Hyde Park
- Municipality
- Thunder Bay
- Cross street
- Off Archibald St. (Corner of Archibald and Ridgeway)
Inside
- Rooms above grade
- 0
- Basement
- Full
Building
- Construction
- Other
- Roof
- Other
- Foundation
- Other
Parking
- Covered spaces
- 0
- Features
- Other
Land
- Lot
- 54 × 95.25 feet
- Pool
- None
Heating, cooling and services
- Heating
- Other
- Heat source
- Other
- Cooling
- Other
- Water
- Other
Features
- Interior
- Other
Listing
- MLS number
- X13687188
- Status
- New
- Listed on
- 2026-08-18
- Expires
- 2026-11-18
- Taxes
- $5,452 (2026)
- Board
- Thunder Bay Real Estate Board
Listing history
This address has been listed 2 times.
Where this property is
Where this address sits, matched against open government data.
Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| Keewaytinook Internet | Secondary | 755 m | Not reported |
| McKellar Park Central Public School Lakehead DSB | Elementary | 912 m | / 10 65% met the standard |
| Pope John Paul II Elementary School Thunder Bay CDSB | Elementary | 722 m | Not reported |
| St Patrick High School Thunder Bay CDSB | Secondary | 989 m | / 10 64% met the standard · 2 of 6 measures |
| TB Catholic Alternative Education Thunder Bay CDSB | Secondary | 1.0 km | Not reported |
| St Elizabeth Catholic Elementary School Thunder Bay CDSB | Elementary | 1.1 km | / 10 77% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 399 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35580061 — the few blocks around this address, home to 399 people. It describes the area, not this property.
Percentages are of the 220 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.