507 Victoria Ave, Thunder Bay, ON
Property Highlights
Welcome to this remarkable commercial located in the coveted neighborhood of McKeller Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $865,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 57.91 x 150 ft lot size
- Features a yes basement, adding superb versatility for recreation, a home gym, or extra storage
- Notable attributes: Other
- equipped with other central cooling and highly efficient other heating via gas
Description
Opportunity awaits with this impressive 17,500 sq. ft. commercial building located in the heart of Thunder Bay's South Core. Positioned on Victoria Avenue, a corridor currently undergoing a major reconstruction project designed to revitalize the area and restore thorough traffic flow, this landmark property offers exceptional potential for investors, entrepreneurs, and developers alike. Rich in history and character, the building features soaring ceilings, stunning antique tin ceilings on the main floor, exposed brick walls, a striking rear mural, and expansive open-concept spaces that have most recently operated as an indoor marketplace. Spanning two levels plus a full basement, the property offers incredible flexibility for a variety of uses including retail, office space, mixed-use development, event space, studios, or commercial redevelopment. Additional features include two updated natural gas boilers (2016), predominantly LED lighting throughout, two bathrooms, a freight elevator system (currently not in use), a covered garage/loading dock, and upper-level living quarters complete with a gas fireplace. With its combination of size, character, history, and prime location in an area poised for renewed growth, this is a rare opportunity to acquire one of the South Core's most distinctive commercial properties. Endless possibilities await the next visionary owner. Visit www.century21superior.com for more info & pics.
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Property Summary
This commercial located at 507 Victoria Ave, Thunder Bay is currently for sale and has been available on SousaSells for 89 days. This property is listed at $865,000 with an estimated mortgage of $2,879* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 507 Victoria Ave, Thunder Bay is in the McKeller Park neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in McKeller Park, Thunder Bay.
- •Desirable Commercial architecture in McKeller Park, Thunder Bay
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 507 Victoria Ave, Thunder Bay, ON
Q.What is the asking price for 507 Victoria Ave, Thunder Bay, ON ?
The current listing price for 507 Victoria Ave, Thunder Bay, ON in McKeller Park, Thunder Bay is $865,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and null bathrooms.
Q.What property type and architectural style is 507 Victoria Ave, Thunder Bay, ON ?
507 Victoria Ave, Thunder Bay, ON is a Commercial () featuring a Yes basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Other.
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Location
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McKeller Park, Thunder Bay
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 507 Victoria Ave E, Thunder Bay, ON P7C 1A8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Thunder Bay, ON
For a property listed at $865,000 in Thunder Bay, the legal minimum down payment is $61,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,775 for this transaction. As this listing is in Thunder Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,775.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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