222 May ST N, Thunder Bay

$1,599,000

For sale: Other

Other at 222 May ST N, Thunder Bay
Property type
Other
MLS®
MLS® TB2601955
Neighbourhood
Thunder Bay

Turnkey Investment Opportunity! Unlock the potential of this rare 17,600 sq. ft. mixed-use building offering multiple income streams under one roof. This well-maintained property features 8 one-bedroom residential apartments, well-established bar, restaurant with a commercial kitchen including large seating area with a second bar, and a huge storage area with endless possibilities. With loads of updates already completed and a property manager who is willing to stay on, this is a rare opportunity for investors seeking a stable, turnkey asset with strong income potential and room for future growth. Whether you’re expanding your portfolio or stepping into commercial ownership, this one checks all the boxes. A true cash-flowing opportunity you won’t want to miss!

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 ChapmanelementaryFraser rating 9.1/10
  • St FranciselementaryFraser rating 8.9/10
  • Nor'wester ViewelementaryFraser rating 8.7/10
  • St PaulelementaryFraser rating 8.5/10
  • Five MileelementaryFraser rating 8.4/10
  • Ecole Elsie MacGillelementaryFraser rating 8.0/10

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

Currently for sale

Homes for sale near 222 May ST N