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$379,900

1 Beds

2 Baths

1600 FEETSQ

QuickQuoteTM: Not Available

Thunder Bay ON, P7C 3R4

MLS® # TB251135

Property Information:

Exceptional opportunity to own a vacant mixed-use property in a prime, amenity-rich area of town. The main floor features a spacious commercial unit with excellent street exposure—ideal for retail, office, or service-based businesses—offering flexibility and great visibility for your enterprise or tenants. Upstairs is a bright and private 1-bedroom apartment with its own entrance, perfect for owner-occupancy, short- or long-term rental, or a live/work setup. With both units currently vacant, you have the freedom to set your own rents or move in immediately. This versatile property is surrounded by shops, restaurants, transit, and other key amenities, making it an attractive option for business owners and investors alike. Zoned for mixed use, this is a rare chance to secure a high-potential asset in a sought-after location.

Property Features:

  • Bedrooms: 1
  • Bathrooms: 1+1
  • Annual Tax Amount: $2,350
  • Access: Municipal Road
  • Basement: Full Basement
  • Basement Finish: Unfinished
  • Built in: 1963
  • Driveway Details: Asphalt
  • Exterior Finish: Vinyl
  • Features Interior: Dining Room - Separate, Sunroom
  • Floor Space (approx): 1600 Square Feet
  • Foundation: Block
  • Heating Source: Natural Gas
  • Lot Depth: 60.84 Feet
  • Lot Frontage: 26.41 Feet
  • Property Size: 0.0 - 0.49 Acres
  • Roof Type: Asphalt Shingle
  • Services Available: Bus Service, Cable, Garbage PickUp, High Speed Internet, Hydro, Natural Gas, Street Lights, Telephone
  • Sewer/Septic: Sewer
  • Style: 2-Storey
  • Water/Well: Municipal Water
  • Zoning: SC
  • Heating Type: Forced Air

Rooms:

  • Living 2nd Level 19"9 x 12"2
  • Kitchen 2nd Level 12'8" x 11'7"
  • Bedroom 2nd Level 12'10" x 9'5"
  • Bathroom 2nd Level 4-piece
  • Bathroom Basement Level 2-piece
  • Kitchen Main Level 16'11" x 10'2"
  • Sun Room 2nd Level 14'x 4'7"

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Location of 401 May Street N, Thunder Bay, ON, P7C 3R4

Demographic Information of 401 May Street N, Thunder Bay, ON, P7C 3R4

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$90,678.89

Average Number of Children

1.80

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.88 %

High school certificate or equivalent

32.36 %

Apprenticeship trade certificate/diploma

8.4 %

College/non-university certificate

21.86 %

University certificate (below bachelor)

1.71 %

University Degree

12.79 %

Commuter

Travel To Work

By Car

83.84 %

By Public Transit

6.05 %

By Walking

5.45 %

By Bicycle

2.26 %

By Other Methods

2.4 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

17.69 %

Houses

82.31 %

Own Vs. Rent