Description

***EXCELLENT LOCATION***INVESTMENT PROPERTY*18 RENTAL UNITS->23,000sf Near City Hall & Court House*. ***EVERYTHING HAS BEEN DONE***. ROOF, WINDOWS, FURNACE, PAINT, BATHROOMS, KITCHENS, FLOORING ect* ***LOTS OF POSSIBILITIES*** IMMEDIATE POSSESSION*** Call Anytime for Further Information & Showings. (id:66096)

Property Details

MLS®: X13256688
Property Type: Retail
Business Type: Retail and Wholesale
Zoning: Central Business District Zone
Lot Size: 11,761 sq ft (0.27 ac)
Frontage: 127 ft
Basement: Full
Heating: Natural gas, Other
Property Tax: $11,500/yr
Listed: 434 days ago

Features

Foundation: Stone
Exterior: Concrete, Brick, Stone

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Cable, Telephone, Natural Gas Available, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

434d

Thunder Bay (McKeller Park) listings, avg age

112d

List price

$1.95M

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 107.4 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 (P7C)

This home lists at $1,950,000, about 26.9× the local median household income of $72,500.

Carrying it typically needs a household income of about $380,903 (20% down, 25-yr amortization, stress-tested) — roughly 425% above the area median.

Median household income: $72,500
Population: 21,695
Median age: 42.4
Owner / renter: 68% / 32%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P7C)

$1,950,000

For sale

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Financing

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510-516 Victoria Avenue, Thunder Bay (McKeller Park) - Retail for Sale