1331 Mountain Road, Thunder Bay (Mountain Road) - Business for Sale
1331 Mountain Road, Thunder Bay (Mountain Road), Ontario, P7J1C3
Description
A rare opportunity to acquire the former White Fox Inn, situated on approximately 15 acres of pristine land on sought-after Mountain Road, directly across from the renowned Fort William Country Club. The property is currently in the midst of an extensive renovation and redevelopment project, transforming the building into a modern inn/hotel while preserving its unique character and presence. Significant work has already been completed, offering a valuable opportunity for investors, developers, or owner-operators to continue the vision or adapt the property to suit their own objectives. In addition to its hospitality potential, the property may lend itself to a variety of alternative uses, including single-family residential use, subject to applicable approvals and regulations. The expansive acreage, prime location, and flexible potential make this a truly unique offering. Whether you are seeking a hospitality venture, redevelopment opportunity, or an exceptional estate property, this landmark location offers tremendous possibilities. Additional information, renovation details, and permitted uses are available upon request. (id:66096)
Property Details
- MLS®
- X13480130
- Property Type
- Business
- Business Type
- Accommodation
- Lot Size
- 14 acres
- Frontage
- 630 ft
- Basement
- Full
- Property Tax
- $10,000/yr
- Listed
- 134 days ago
Market Timing
Long Listed: 134 days on market, against an average age of 77 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 24 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 107.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Thunder Bay (Mountain Road) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P7J)
This home lists at $799,900, about 7.0× the local median household income of $114,000.
Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 37% above the area median.
- Median household income
- $114,000
- Population
- 4,859
- Median age
- 44.8
- Owner / renter
- 95% / 5%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA P7J)
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$799,900
Thunder Bay