16 Cumberland Street South, Thunder Bay (Court / Cumberland), Ontario, P7B2T2
This retail property in Thunder Bay is for sale.
Investment opportunity in the Heart of Downtown Port Arthur. This one storey building which is approximately 8,856 sqft resting on a concrete slab foundation. The interior of the subject consists of five commercial spaces. One is a 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. The second space is Big Lake Pasta, the third is Record Store, the fourth is music store and the fifth is Chocolatier. All five areas are similar finishings with drywall walls, either vinyl flooring or vinyl plank, a combination of steel roof system and acoustic drop ceiling tile. (id:66096)




$1,099,999
Thunder Bay
Features and services as supplied by the listing brokerage.
Long Listed: 152 days on market, against an average age of 67 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 retail in Thunder Bay (Court / Cumberland) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,099,999, about 15.7× the local median household income of $70,000.
Carrying it typically needs a household income of about $214,868 (20% down, 25-yr amortization, stress-tested) — roughly 207% above the area median.
Source: Statistics Canada, 2021 Census (FSA P7B)
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