325 Archibald Street S Thunder Bay, Investment for Rent

This property sits on 3.1 acres and includes a large six-story building with approximately 135,000 square feet of space. There are 130 on-site parking spaces. The residential section has 109 fully occupied apartments, including the following: 9 studio units, 89 one-bedroom units, 11 two-bedroom units. The property also includes 10 commercial units with a total rentable area of 23,391 square feet. There is a large undeveloped area with approved plans for an additional 50 residential units and basement space, offering excellent future development potential. The building is home to mostly senior and mature tenants. It is fully rented, has a waiting list for new tenants, and receives some financial assistance.

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