16 Cumberland ST S, Thunder Bay

$1,250,000

For sale: Other

Other at 16 Cumberland ST S, Thunder Bay
Property type
Other
MLS®
MLS® TB2601371
Neighbourhood
Thunder Bay

Investment opportunity in the Heart of Downtown Port Arthur. This one storey building which is approximately 8,856 sqft resting on a concrete slab foundation. The interior of the subject consists of five commercial spaces. One is a large bar/restaurant area (Red Lion), with bar, full kitchen, storage areas, office, 1x staff washroom, 2X public washrooms, and a common 2x public washrooms. The second space is Big Lake Pasta, the third is Record Store, the fourth is music store and the fifth is Chocolatier. All five areas are similar finishings with drywall walls, either vinyl flooring or vinyl plank, a combination of steel roof system and acoustic drop ceiling tile.

Sold data

Homes in Thunder Bay — recent sold market

Homes in Thunder Bay took a median of 14 days to sell over the last 90 days, with the quickest quarter selling within 10 days and the slowest quarter taking more than 21, across 330 recorded sales.

The median sale price was $389,900.

Homes sold for about 5.7% above asking on average.

About 66% of sales closed above the list price.

Around 6% of sellers reduced their price before finding a buyer.

Median days to sell
14
Median sale price
$389,900
Sale-to-list ratio
105.7%
Sold above asking
66%

Based on 330 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Thunder Bay

Thunder Bay has 35 Fraser Institute–rated schools (29 elementary and 6 secondary), averaging 6.3/10.

Rated schools
35
Elementary
29
Secondary
6
Average rating
6.3 / 10

Top-rated schools in Thunder Bay

  • Vance Chapman — elementaryFraser rating 9.1/10
  • St Francis — elementaryFraser rating 8.9/10
  • Nor'wester View — elementaryFraser rating 8.7/10
  • St Paul — elementaryFraser rating 8.5/10
  • Five Mile — elementaryFraser rating 8.4/10
  • Ecole Elsie MacGill — elementaryFraser rating 8.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 16 Cumberland ST S