Description

Prime commercial leasing opportunity in a well-maintained, secure, and updated building at 1111 Victoria Avenue East. This 12,000 sq. ft. plaza is home to several successful, long-term businesses and benefits from strong foot traffic and excellent visibility. Ideally located close to major amenities, shopping, and services, with significant future growth potential as Victoria Avenue continues to redevelop and the nearby mall site is transformed. Recent upgrades include HVAC, lighting, roof, and other major building systems, providing peace of mind for tenants. A high-exposure location with strong surrounding businesses, steady traffic, and long-term upside. Perfect for businesses looking to grow in a proven commercial corridor. (id:66096)

Property Details

MLS®: X13475820
Property Type: Retail
Zoning: Urban Mixed Use Zone
Parking: 30
Lot Size: 165 × 106 ft (17,490 sq ft)
Frontage: 165 ft
Basement: Other, See Remarks, N/A
Heating: Natural gas, Other
Property Tax: $19,847/yr
Listed: 135 days ago

Features

Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Cable, Telephone, Natural Gas Available, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

135d

Thunder Bay (McKeller Park) listings, avg age

112d

List price

$1.90M

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.

Haho

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Area context

Neighbourhood profile (P7C)

This home lists at $1,899,900, about 26.2× the local median household income of $72,500.

Carrying it typically needs a household income of about $371,117 (20% down, 25-yr amortization, stress-tested) — roughly 412% above the area median.

Median household income: $72,500
Population: 21,695
Median age: 42.4
Owner / renter: 68% / 32%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P7C)

$1,899,900

For sale

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Financing

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1111 Victoria Ave E, Thunder Bay (McKeller Park) - Retail for Sale