$249,900
Thunder Bay
424 Victoria Avenue East, Thunder Bay (East End), Ontario, P7C1A5
This retail property in Thunder Bay is for sale offering roughly 2,250 sq ft of space. It has been on the market 6 days, fresher than the Thunder Bay average of 45 days.
PRIME DOWNTOWN SOUTHCORE COMMERCIAL OPPORTUNITY! Position your business in the heart of Thunder Bay's downtown Southcore, an area undergoing an exciting transformation with the reopening of Victoria Avenue following the removal of Victoriaville Mall! Located at 424 Victoria Avenue East, this well-established commercial property has been home to The Little Mermaid, a beloved Thunder Bay women's fashion boutique since 1985. For over 40 years, this iconic local business has been known for its quality designer fashions, exceptional personal service and loyal clientele from Thunder Bay and surrounding communities. The building offers convenient one-level commercial space, a full basement for additional storage or business needs, and excellent street-front exposure in a highly visible downtown location. Within walking distance of City Hall, the Thunder Bay Courthouse and surrounding businesses and services, this property is ideally situated to benefit from the ongoing revitalization of the Southcore, including improved streetscapes, pedestrian access and the return of vehicular traffic to Victoria Avenue. Whether you're looking to establish a retail storefront, professional office or service-oriented business, this is an excellent opportunity to invest in a recognizable commercial location and become part of the next chapter of downtown Thunder Bay! (id:66096)
Features and services as supplied by the listing brokerage.
Just listed: 6 days on market, against an average age of 45 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) has been listed for 6 days, which is 39 days fresher than the city average of 45. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $249,900, about 3.4× the local median household income of $72,500.
Carrying it typically needs a household income of about $48,814 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P7C)
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