Description

Downtown North Investment Property! Features 2 apartments upstairs, with potential for a wide variety of businesses or services on the main floor. Basement is heated and could be rented out for dry heated storage for additional income. (id:66096)

Property Details

MLS®: X14092588
Property Type: Retail
Zoning: DN
Bathrooms: 3
Lot Size: 6,186 sq ft (0.14 ac)
Frontage: 50 ft
Heating: Baseboard heaters, Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $5,000/yr
Listed: 16 days ago

Market Timing

Days on market

16d

Thunder Bay listings, avg age

108d

List price

$325K

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

This retail in Thunder Bay has been listed for 16 days, which is 92 days fresher than the city average of 108. Act while there is still low competition.

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Area context

Neighbourhood profile (P7A)

This home lists at $324,900, about 4.1× the local median household income of $78,500.

Carrying it typically needs a household income of about $63,464 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $78,500
Population: 28,587
Median age: 47.2
Owner / renter: 69% / 31%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P7A)

$324,900

For sale

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Financing

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87-89 North Cumberland Street North, Thunder Bay - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P7A)

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