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$399,900
Thunder Bay Remote Area
3851 HWY 588, Thunder Bay Remote Area (Strange), Ontario, P0T2X0
This retail property in Thunder Bay Remote Area is for sale.
Business with Property for Sale - Rare opportunity to own a mixed-use commercial property with multiple income streams on over 20 acres in the Whitefish Lake / Suomi area. Property features a well-established general store with attached 3-bedroom owners residence, offering convenient live/work potential. Also included is a newly constructed approximately 400 sq. ft. take-out restaurant building, fully equipped for pizza, burgers, and ice cream service, providing additional turnkey revenue opportunity. Additional improvements include a 60 ft. x 30 ft. garage/workshop, ideal for storage, service, or business expansion. The expansive 20+ acre parcel offers significant future development potential, including possibilities for trailer park development, storage units, or other commercial/residential uses. High visibility location serving the surrounding rural and recreational community. Ideal for owner-operators, investors, or entrepreneurs seeking diversified income and growth potential.Property Highlights: General store business with attached 3-bedroom residence - Separate 400 sq. ft. take-out restaurant (new build, fully equipped) - 60 x 30 garage/workshop - 20+ acres of land - Multiple income streams - Development potential (id:66096)
Long Listed: 191 days on market, against an average age of 91 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 99.6 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 Remote Area (Strange) 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 $399,900, about 5.2× the local median household income of $77,000.
Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 1% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0T)
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