Description

Located in the McKellar Park area, this versatile property offers a unique opportunity for investors or developers. Currently configured as four residential units with back-lane access and two parking spaces, the building holds potential for conversion to retail or office use, making it ideal for a variety of future possibilities. Please note, the building is not currently accessible and is being sold as is, where is. Vacant and ready for transformation, this is a great chance to reimagine a space in a building in a commercial area of Thunder Bay. Can be purchased in a combination sale with 127 May Street next door. Please note - there is no access for any site visits. Visit www.century21superior.com for more info. (id:66096)

Property Details

MLS®: X13244206
Property Type: Retail
Lot Size: 18 × 100 ft (1,800 sq ft)
Frontage: 18 ft
Basement: Partial
Heating: Baseboard heaters, Electric, Natural gas, Other
Cooling: None
Property Tax: $6,896.72/yr
Listed: 266 days ago

Features

Exterior: Brick

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

266d

Thunder Bay (McKeller Park) listings, avg age

112d

List price

$250K

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 (P7E)

This home lists at $249,900, about 3.6× the local median household income of $68,500.

Carrying it typically needs a household income of about $48,814 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $68,500
Population: 20,897
Median age: 44.4
Owner / renter: 63% / 37%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P7E)

$249,900

For sale

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Financing

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125 May Street, Thunder Bay (McKeller Park) - Retail for Sale