395 FORT WILLIAM RD., Thunder Bay (Court / Cumberland)

$2,399,000

For sale: Other

Other at 395 FORT WILLIAM RD., Thunder Bay (Court / Cumberland)
Property type
Commercial Retail
Bedrooms / bathrooms
6 bathrooms
MLS®
MLS® X13413774
Neighbourhood
Court / Cumberland

Exceptional opportunity to own a fully renovated 10,023 sq.ft. commercial/investment property in one of Thunder Bay's most desirable waterfront-adjacent locations. Comprised of 6,057 sq.ft. on the main floor, 3,490 sq.ft. on the second level, and a 476 sq.ft. mezzanine, this versatile Light Industrial-zoned building offers tremendous flexibility for a wide variety of permitted uses including fitness, professional services, retail, trades, office, studio, showroom, warehouse, and investment opportunities. Extensively renovated throughout, major upgrades include new flooring, lighting, electrical, security system, garage doors, rear windows, front storefront window, updated plumbing, three new air conditioning units, a new lower-level furnace, renovated change rooms complete with showers and saunas, and a freshly painted exterior. Currently operating as a gym and barber shop, the building provides a functional layout with endless possibilities for future owners, owner-occupiers, or investors. The roof and parking area have been maintained and repaired as required over the years. Ideally situated steps from Marina Park with breathtaking Sleeping Giant views and surrounded by ongoing waterfront revitalization, this is a rare opportunity to acquire a landmark commercial property with exceptional long-term growth potential in one of the city's most sought-after locations. Don't miss this unique investment opportunity.

Sold data

Homes in Thunder Bay (Court / Cumberland) — recent sold market

Homes in Thunder Bay (Court / Cumberland) took a median of 16 days to sell over the last 90 days, with the quickest quarter selling within 10 days and the slowest quarter taking more than 24, across 352 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 20 days.

The median sale price was $382,250.

Homes sold for about 3.7% above asking on average.

About 61% of sales closed above the list price.

Around 8% of sellers reduced their price before finding a buyer.

Median days to sell
16
Median sale price
$382,250
Sale-to-list ratio
103.7%
Sold above asking
61%

Based on 352 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Thunder Bay (Court / Cumberland)

Thunder Bay (Court / Cumberland) 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 (Court / Cumberland)

  • Vance Chapmanelementary, Thunder BayFraser rating 9.1/10
  • St Franciselementary, Thunder BayFraser rating 8.9/10
  • Nor'wester Viewelementary, Thunder BayFraser rating 8.7/10
  • St Paulelementary, Thunder BayFraser rating 8.5/10
  • Five Mileelementary, Thunder BayFraser rating 8.4/10
  • Ecole Elsie MacGillelementary, Thunder BayFraser rating 8.0/10

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

Currently for sale

Homes for sale near 395 FORT WILLIAM RD.