287 Bay Street, Thunder Bay, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Court / Cumberland. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $649,900 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 56.9 x 100 ft lot size
- Convenient other garage included
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Commercial & Residential Opportunity in the Desirable Bay/Algoma District Location is everything, and 287 Bay Street offers an exceptional opportunity to own a commercial/residential property in the highly sought-after Bay/Algoma District. This vibrant area is one of the city's most desirable places to operate a business and is also a convenient place to live, with banking, grocery stores, pharmacies, restaurants, and a wide variety of other amenities all close by.The main floor offers approximately 2,000 sq. ft. of versatile commercial space, currently consisting of front retail space, office space, 2PC bathroom, a back room area, and shop/storage space. There is also a full basement providing excellent additional storage, along with garage/warehouse space featuring an overhead door - ideal for businesses requiring additional workspace or storage. The entire second floor is a spacious residential apartment of approximately 1,189 sq. ft., offering 1 bedroom, a dedicated office area, 3PC bathroom with walk in closet, plus a 2nd, 2PC bathroom, spacious living room, and bright kitchen. Large windows provide an abundance of natural light throughout the living space. The apartment has its own private entrance, providing excellent separation from the commercial space below. This property offers flexibility for an owner/operator looking to run their business while living right upstairs. Or, rent the space for additional income. The commercial/residential zoning also contributes to low property taxes, adding to the appeal of this unique opportunity. With 11 paved parking spaces, versatile commercial space, garage/warehouse area, full basement storage, and a spacious residential apartment above, excellent combination of functionality and convenience. Operate your business, live upstairs, and own the property you're building your future in. This is a rare opportunity to combine business and residential space in the heart of the Bay/Algoma District.
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Property Summary
This commercial retail located at 287 Bay Street, Thunder Bay is currently for sale and has been available for 11 days. This property is listed at $649,900 with an estimated mortgage of $2,163* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 287 Bay Street, Thunder Bay is in the Court / Cumberland 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 Court / Cumberland, Thunder Bay.
- •Desirable Commercial Retail architecture in Court / Cumberland, 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
None listed
Security Features
- No
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Thunder Bay?
If you are looking for a house in Thunder Bay or researching Thunder Bay real estate for sale, this commercial retail at 287 Bay Street, Thunder Bay, ON offers an exceptional opportunity to buy a home in Thunder Bay, Ontario. Whether you are a first-time Thunder Bay home buyer or comparing active Thunder Bay MLS® homes for sale, working with a dedicated Thunder Bay buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Thunder Bay Buyer Budget & Costs
Estimated mortgage: $2,163*/month*. Estimated Ontario Land Transfer Tax: $9,473. First-time Thunder Bay home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Thunder Bay
Frequently Asked Questions about 287 Bay Street, Thunder Bay, ON
Q.What is the asking price for 287 Bay Street, Thunder Bay, ON ?
The current listing price for 287 Bay Street, Thunder Bay, ON in Court / Cumberland, Thunder Bay is $649,900.
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 287 Bay Street, Thunder Bay, ON ?
287 Bay Street, Thunder Bay, ON is a Commercial Retail () featuring a basement.
Q.What security features are installed at 287 Bay Street, Thunder Bay, ON ?
Security features include: No.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via Yes.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Court / Cumberland, 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.
Pricing & Value Insights
Data-driven valuation for 287 Bay Street, Thunder Bay, ON P7B 1R7
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 $649,900 in Thunder Bay, the legal minimum down payment is $39,990 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 $9,473 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 $9,473.
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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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