16 Cumberland Street South, Thunder Bay (Court / Cumberland) - Business for Sale
16 Cumberland Street South, Thunder Bay (Court / Cumberland), Ontario, P7B2T2
This business in Thunder Bay is for sale. It has been on the market 56 days, fresher than the Thunder Bay average of 74 days.
Description
Turn Key Restaurant for Sale - Red Loin Smokehouse. Large bar/restaurant area (Red Lion), with bar, full kitchen, storage areas, office, 1x staff washroom, 2X public washrooms, and a common 2x public washrooms. Restaurant is currently a mix of classic British Pub favourites with a smokehouse twist. This A rating restaurant is up to code offers a fantastic layout and dining atmosphere in the heart of downtown Port Arthur. Large bar/restaurant area (Red Lion), with bar, full kitchen, storage areas, office, 1x staff washroom, 2X public washrooms, and a common 2x public washrooms. (id:66096)
Property Details
- MLS®
- X13768450
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- DN
- Bathrooms
- 2
- Lot Size
- 78 × 78 ft (6,012 sq ft)
- Frontage
- 78 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $27,429/yr
- Listed
- 56 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 56 days on market, against an average age of 74 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 107.4 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 (Court / Cumberland) has been listed for 56 days, which is 18 days fresher than the city average of 74. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (P7B)
This home lists at $299,000, about 4.3× the local median household income of $70,000.
Carrying it typically needs a household income of about $58,405 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $70,000
- Population
- 22,675
- Median age
- 40.8
- Owner / renter
- 55% / 45%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA P7B)
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$299,000
Thunder Bay