Villa House Sale, Triple Net Lease, Fractional or Co-Ownership

238 Villa Street, Thunder Bay, Ontario, P7A 3Y2, Canada

This is Villa House depicting and showing all apartment and lodging room units in numeric order
APARTMENTS: unit #1, #2, #3 and #10; LODGING ROOMS: unit #4, #5, #6, #7, #8, and #9

Click Here to Learn More About Technical Details

Apartments

Apartment Unit 1: Not Available/Owner in-house office/family suite

Apartment unit 2: Ground floor (Monthly Rate: 1,845 CAD) All-Inclusive, Furnished

Inquire about possibility for shared living arrangements for unit 2 at monthly rate of $885 dollars

Architectural unique features of unit 2

Apartment unit 3: Ground floor (Monthly Rate: 1,645 CAD) All-Inclusive, Furnished

Apartment Unit 10: Top floor (Monthly Rate: 1,445 CAD) All-Inclusive, Furnished

Lodging Rooms

Lodging Room 4: Second floor (Monthly Rate: 785 CAD) All-Inclusive, Furnished

Lodging Room 5: Second floor (Monthly Rate: 785 CAD) All-Inclusive, Furnished

Lodging Room 6: Second floor (Monthly Rate: 785 CAD) All-Inclusive, Furnished

Lodging Room 7: Second floor (Monthly Rate: 785 CAD) All-Inclusive, Furnished

Lodging Room 8: Third floor (Monthly Rate: 785 CAD) All-Inclusive, Furnished

Lodging Room 9: Third floor (Monthly Rate: 785 CAD) All-Inclusive, Furnished

Shared Kitchen for Lodging House Tenants

Shared kitchen is located on the upper floor. Lodging room tenants share the same kitchen.

Common Hallway and Exits

Second and third/top floor

Exits are illuminated signs on the second and third floor at the end and the middle of every hallway.

Lodging House Tenant Shared Bathrooms

The shared bathrooms are located on the second floor of Villa House

Villa House Technical Details

Housing Capacity (Approximation)

The legal and licensed housing capacity is 3 self-contained apartments, and 6 licensed lodging and bedsitting rooms (3 single and 3 double rooms).

  • The lodging bedsitting rooms, are furnished, feature shared kitchens and bathrooms down the hall. Villa House features 9 fully-furnished sleeping units.
  • Villa House has been modernized and meets all local municipal licensing requirements.
  • Villa House has many additional ergonomic safety devices and conveniences installed.

Architectural Description

  • The combined floor space of 4 floors is 4008 sq. ft. (372 sq. m)
  • Attached garage has 500 sq. ft. (46 sq. m)
  • The double corner lot has 4500 sq. ft. (418 sq. m)
  • 3 separate driveways onsite parking
  • Double lot
  • Villa House future development has 2 municipally approved building permits
    • One permit for building a roofed over stair-way tower on the south side (front). The exterior framework for this is already inplace to be completed later this year.
    • One permit to add one floor on top the existing attached workshop. The intent of this is to create a training or learning centre for tenants. Counstruction for this will begin this year.

Amenities in Villa House

  • 10 bedrooms
  • 6 bathrooms
  • 5 kitchens
  • Interconnected top-to-bottom life safety system.
  • City of Thunder Bay approved fire safety plan

Why Fractional or Co-Ownership Home Ownership Is Gaining Popularity,

Breaking Barriers Co-Owning for Affordability

Home Ownership or Investment becomes more feasible for young professionals, freelancers, families or investors, who would otherwise be priced right out the picture !!!

Common Use Cases for Fractional Home Ownership

  • Purchasing Villa House as your Primary Residences: family members buy together to live in the home full-time. New generations are also more open to sharing a home with friends.
  • Co-owning Villa House as Investment Properties: Partners purchase to generate rental income, sharing profits proportionally.
  • Shared Ownership for Villa House as of Vacation Homes: A group splits a cottage or ski condo, using it seasonally via a scheduled rotation.

Example: Three friends pool $300,000 for a 30% down payment on a $1M Toronto condo. They live in it together, splitting mortgage payments and building equity over time

For more info get in touch with me by clicking here

Selling Price

You are welcome to perform a gross “rental yield calculation” based on the approximations of the listed rental rates for: apartments, and lodging rooms.
For more information related to pricing on the Villa House opportunities, please get in touch with me. Provide Statement of Purpose using 200 words or less. Click Here,

Floor Plan Level 1

Floor Plan Level 2

Floor Plan Level 3

Floor Plan Level 4

* The floor plans are approximations 

Floor Level 1: Boiler room is located in the basement of Villa House
Contains hot water boiler, 222 000 BTU

Floor Level 2: Electrical room
Main shut off switches
4 services supporting up to 200 amp each.
2 services feature possibility for metered consumption (Unit 2 and Unit 3).