For Sale, Triple Net Yearly Lease, Fractional or Co-Ownership
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
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.
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
- 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).
Apartment Unit 1: Owner in-house office/family suite
Apartment Unit 2: Location – Ground floor (Monthly: 1,847 CAD, Weekly: 850 CAD)
Inquire about possibility for shared living arrangements for unit 2 at monthly rate of $977.00
Apartment Unit 3: Location – Ground Floor (Monthly: 1,647 CAD, Weekly: 800 CAD)
Lodging Rooms 4 – 5 – 6 – 7 – 8 and 9:
- Lodging Room 4: Location: second floor (Monthly: 827 CAD, Weekly: 490 CAD)
- Lodging Room 5 Location: second floor (Monthly: 827 CAD, Weekly: 490 CAD)
- Lodging Room 6 Location: second floor (Monthly: 827 CAD, Weekly: 490 CAD)
- Lodging Room 7 Location: second floor (Monthly: 827 CAD, Weekly: 490 CAD)
- Lodging Room 8 Location: the third (top) floor (Monthly: 827 CAD, Weekly: 490 CAD)
- Lodging Room 9 Location: the third (top) floor (Monthly: 827 CAD, Weekly: 490 CAD)
Apartment unit 10: Location: third floor (Monthly: 1,447 CAD, Weekly: 787 CAD)
Shared Kitchen for Lodging House Tenants:
- Location: shared kitchen is located on the second floor
Common Hallway and Exits:
- Location: second and third/top floor
Exits are illuminated signs on the second and third floor at the end and the middle of every hall way
Lodging House Tenant Shared Bathrooms:
- Location: the second floor
Selling Price
You are welcome to perform a rental yield calculation based on the approximation published, apartments, and lodging rooms rental prices.
For more information related to pricing on the Villa House opportunities, please get in touch with me.