Description

Investment Opportunity – McKellar Park Commercial Space with Rooftop Patio. Located in McKellar Park, this 2,500+ sq. ft. storefront commercial property offers great potential for investors or developers. Previously operated as an entertainment/gaming bar, the business is now closed. The building includes a main floor commercial space, a second level with office area, two washrooms, and a roughed-in kitchenette, as well as a rare rooftop patio. Back-lane access with 1–2 parking spaces adds convenience. The adjoining unit at 125 May Street South is also available for purchase, offering additional development possibilities. Property is being sold as is, where is with no access for viewings. Interior condition is unknown—buyer to verify all details. Visit www.century21superior.com for more info. (id:66096)

Property Details

MLS®: X13244212
Property Type: Retail
Lot Size: 32 × 100 ft (3,200 sq ft)
Frontage: 32 ft
Basement: Crawl space
Heating: Baseboard heaters, Electric, Natural gas, Other
Cooling: None
Property Tax: $10,000/yr
Listed: 266 days ago

Market Timing

Days on market

266d

Thunder Bay (McKeller Park) listings, avg age

112d

List price

$299K

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 $299,000, about 4.4× the local median household income of $68,500.

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: $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)

$299,000

For sale

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Financing

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

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P7E)

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