1204 Roland Street, Thunder Bay (Inner-City Industrial), Ontario, P7B5M4
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$2,599,900
Thunder Bay
This office property in Thunder Bay is for sale offering roughly 11,320 sq ft of space. It has been on the market 22 days, fresher than the Thunder Bay average of 52 days.
Exceptional opportunity to acquire an approximately 11,320 sq. ft. commercial office/professional building in Thunder Bay's highly desirable Intercity area. Strategically located with excellent exposure along Balmoral, William and Roland Streets, this substantial single-storey property offers outstanding visibility, accessibility and investment potential.Featuring durable stone construction and a low-maintenance metal roof, the building is currently configured into seven separate units, providing flexibility for multiple tenants or owner-occupier use. The property also offers ample on-site parking with over 40 spaces.An excellent income-producing investment with significant long-term potential in one of Thunder Bay's most sought-after commercial locations. Ideal for investors or businesses seeking a prominent, centrally located property. Financials available to qualified buyers. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 22 days on market, against an average age of 52 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 office in Thunder Bay (Inner-City Industrial) has been listed for 22 days, which is 30 days fresher than the city average of 52. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $2,599,900, about 37.1× the local median household income of $70,000.
Carrying it typically needs a household income of about $507,851 (20% down, 25-yr amortization, stress-tested) — roughly 626% above the area median.
Source: Statistics Canada, 2021 Census (FSA P7B)
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