$1,499,000
Thunder Bay
222 May Street North, Thunder Bay (East End), Ontario, P7C3P6
This retail property in Thunder Bay is for sale.
Turnkey Investment Opportunity! Unlock the potential of this rare 17,600 sq. ft. mixed-use building offering multiple income streams under one roof. This well-maintained property features 8 one-bedroom residential apartments, well-established bar, restaurant with a commercial kitchen including large seating area with a second bar, and a huge storage area with endless possibilities. With loads of updates already completed and a property manager who is willing to stay on, this is a rare opportunity for investors seeking a stable, turnkey asset with strong income potential and room for future growth. Whether you?re expanding your portfolio or stepping into commercial ownership, this one checks all the boxes. A true cash-flowing opportunity you won?t want to miss! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 113 days on market, against an average age of 44 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 (East End) 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 $1,499,000, about 20.7× the local median household income of $72,500.
Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 304% above the area median.
Source: Statistics Canada, 2021 Census (FSA P7C)
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