711 Ridgeway St E is a multiplex in Thunder Bay, listed for $415,000.
1Attention investors!
2The 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.
3Adding even more value, the property includes a large garage that is separately rented, creating an additional source of income.
How can Zara help?Zara · AI virtual agent · 24/7 · free
Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Multiplex in Thunder Bay
About 711 Ridgeway Street East
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.
Thunder Bay multiplex priced at $415,000 — book a tour to see if it fits your search.
Inside 711 Ridgeway St E
Every detail from the listing, in one place.
Type
Multiplex
Basement
Full
Features & systems
Interior
Basement
Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Multiplex
711 Ridgeway St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13687188$415,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 711 Ridgeway St E Compares to the Thunder Bay Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,039
/mo
based on the purchase price of $415,000
$83,000 cash
$332,000 financed
$279,631 total interest
Principal54%$332,000
Interest46%$279,631
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Ridgeway Street East? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 711 Ridgeway St E with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 711 Ridgeway St E day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Thunder Bay
Other 5-bed homes for sale in Thunder Bay around $415K.
Average days on market25Homes sold in about 25 days on average.
Sale-to-list ratio106.1%On average, homes sold at or above asking.
Active listings176Homes for sale here right now.
Median vs prior 90 days−0.9%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 506 sales from Jul 24 – Oct 22, 2026 (288 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 711 Ridgeway St E
How much is 711 Ridgeway St E listed for?
711 Ridgeway St E is listed at $415,000 (MLS® X13687188). Summitly updates the price as soon as the MLS® record changes.
Has the price of 711 Ridgeway St E changed?
No — 711 Ridgeway St E is still listed at its original asking price of $415,000.
How many bedrooms and bathrooms does 711 Ridgeway St E have?
The listing for 711 Ridgeway St E doesn't publish its bedroom and bathroom count. It is a multiplex in Thunder Bay.
How much would the monthly mortgage be on 711 Ridgeway St E?
About $2,039 a month — principal and interest on $415,000 with 20% down ($83,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 711 Ridgeway St E compare with other homes in Thunder Bay?
Its asking price of $415,000 is about the same as the median sold price in Thunder Bay over the last 90 days, $408,750, across 506 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 711 Ridgeway St E been sold before?
Summitly has no earlier MLS® sale or lease of 711 Ridgeway St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 711 Ridgeway St E?
711 Ridgeway St E is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 711 Ridgeway St E been on the market?
65 days — 711 Ridgeway St E was listed on August 18, 2026.
Does 711 Ridgeway St E have a basement, and is it finished?
The listing describes the basement as: Full.
What is the lot size of 711 Ridgeway St E?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 711 Ridgeway St E?
About $4,775 in Ontario land transfer tax at the asking price of $415,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 711 Ridgeway St E or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
