421 Victoria Ave E, Thunder Bay, Ontario P7C 1A6

Listed for:
$1,099,000
0 beds
0 baths
Listed 15 days ago
421 Victoria Ave E, Thunder Bay, Ontario P7C 1A6

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Learn more about this property
Listing provided by:
ROYAL LEPAGE LANNON REALTY
MLS® number:
TB253382
Agent:
Jason Mallon
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About

Corner of Victoria Ave E and May St S Exceptional value-add redevelopment opportunity at 421-425 Victoria Avenue East, a substantial commercial property strategically positioned in the transitional urban core of Thunder Bay, Ontario. This offering consists of a single-story, 14,990 sq.ft. building on a 15,300 sq.ft. corner lot. . The property features a significant advantage for a new owner: approximately 40% of the building is finished and operating as an anchor pharmacy and clinic, a critical first phase that de-risks the investment. The remaining 60% of the structure, where redevelopment has paused, is partitioned and ready for a new vision, offering a clear path for an investor to create significant value by completing the space for complementary commercial uses and capitalizing on a revitalizing downtown market. (id:27476)

Property Highlights

MLS® Number
TB253382
Type
Other
Community Name
Thunder Bay
Land Size
under 1/2 acre

Building

Storeys
1.00
Square Footage
14990 sqft
Amenities
Street Lighting
Exterior Finish
Brick, Concrete Block
Fireplace Present
No
Basement Type
Partial
Basement Features
Building Heating Type
Baseboard heaters, Forced air
Heating Fuel
Electric, Natural gas
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

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