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$2,399,000
Thunder Bay
395 Fort William Rd., Thunder Bay (Court / Cumberland), Ontario, P7B2Z5
This industrial property in Thunder Bay is for sale.
Exceptional opportunity to own a fully renovated 10,023 sq.ft. commercial/investment property in one of Thunder Bay's most desirable waterfront-adjacent locations. Comprised of 6,057 sq.ft. on the main floor, 3,490 sq.ft. on the second level, and a 476 sq.ft. mezzanine, this versatile Light Industrial-zoned building offers tremendous flexibility for a wide variety of permitted uses including fitness, professional services, retail, trades, office, studio, showroom, warehouse, and investment opportunities. Extensively renovated throughout, major upgrades include new flooring, lighting, electrical, security system, garage doors, rear windows, front storefront window, updated plumbing, three new air conditioning units, a new lower-level furnace, renovated change rooms complete with showers and saunas, and a freshly painted exterior. Currently operating as a gym and barber shop, the building provides a functional layout with endless possibilities for future owners, owner-occupiers, or investors. The roof and parking area have been maintained and repaired as required over the years. Ideally situated steps from Marina Park with breathtaking Sleeping Giant views and surrounded by ongoing waterfront revitalization, this is a rare opportunity to acquire a landmark commercial property with exceptional long-term growth potential in one of the city's most sought-after locations. Don't miss this unique investment opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 149 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 industrial 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 $2,399,000, about 34.3× the local median household income of $70,000.
Carrying it typically needs a household income of about $468,609 (20% down, 25-yr amortization, stress-tested) — roughly 569% above the area median.
Source: Statistics Canada, 2021 Census (FSA P7B)
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