106 May ST, Thunder Bay, Ontario, P7E1A8, Thunder Bay, ON

$549,000
Est. Mortgage /mo

MLS® TB233590

$549,000
Est. Mortgage /mo
Agent photor
Dan Marusin
Renanza Realty
877-506-0434
Go See This Home Now
2 Stories
lot 0 sqft
4000 sqft
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Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

Investment Opportunity: Own a piece of prime real estate with this exceptional building for sale! Boasting a strategic location, this property offers a dual-income stream with a residential portion featuring 5 bedrooms currently rented, and a renowned Chinese food restaurant occupying a 2,000 sqft space, ensuring a steady return on investment. The residential section comprises 5 bedrooms, creating an attractive source of consistent rental income. With a beautifully renovated interior, these living spaces offer modern amenities and comfort for tenants. Adding to the appeal is the leased Chinese food restaurant, a favourite in the area. With a well-established clientele, this lease provides a stable and reliable income stream, making this property a truly turnkey investment. The entire building spans 4,000 sqft and has been thoughtfully renovated to enhance its aesthetic appeal and functionality. The seamless blend of residential and commercial spaces makes it a unique and versatile investment opportunity. Strategically located, this property benefits from high visibility and accessibility, contributing to its overall investment potential. Whether you're an experienced investor or looking for a sound investment to start your portfolio, this property promises great returns. In summary, this building for sale is not just a property; it's a fantastic investment opportunity with a residential component generating rental income and a popular Chinese food restaurant providing a reliable lease. Act now and secure this turnkey investment for your portfolio. (id:26763)

Location Details
Area Canada
State Ontario
City Thunder Bay
Postal Code P7E1A8
Property Metrics
Stories 2
Floor Area Total (Sq.ft) 4000
Financial Details
List Price 549,000

Neighborhood Info

Public Schools
Elementary
McKellar Park Central Public School
Above Average
0.5 km
Rating 6.3/10
Details

Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. School boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school.

Private Schools
Secondary
Matawa Education & Care Centre
Above Average
1.74 km
No Rating
Details
Secondary
Matawa Education & Care Centre
Above Average
1.74 km
No Rating
Details
Closest Transit
Thunder Bay
May & George
0.03 km

106 May ST, Thunder Bay, Ontario, P7E1A8 is serviced by McKellar Park Central Public School. The property with listing MLS® TB233590 is located 0.5 km from the school. McKellar Park Central Public School has a rating of Rating 6.3/10.

The closest Elementary independent school to this home for sale located at 106 May ST, Thunder Bay, Ontario, P7E1A8 is Matawa Education & Care Centre with School's rating No Rating, located 1.74 km from this home.

The closest to this address 106 May ST, Thunder Bay, Ontario, P7E1A8 Secondary independent school is Matawa Education & Care Centre with School's rating No Rating, located 1.74 km km from this home

The freshest crime data from Statistics Canada are from 2020. There were 7,987 volation disturbances in this neighbourhood. The overall crime rate near the address - 106 May ST, Thunder Bay, Ontario, P7E1A8, Thunder Bay, ON is 6,726.52. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has High rate in 2020. Year by year change in the total crime rate is -13.7%

Drug crime rate next to the listing for sale MLS® TB233590 is Above Average comparing to other neighbourhoods. The illegal substances offences rating is 158.33. This is the amount of drug crime incidents per 100,000 population. There were 188 illegal substances lawbreaking disturbances in this city in 2020. Year by year change in the illegal substances offences ranking is 157.2%

Property crimes in the neighbourhood close to real estate listing for sale 106 May ST, Thunder Bay, Ontario, P7E1A8 are High. Property misconduct rating adjacent to MLS® TB233590 is 3,307.25. There were 3,927 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -28.5%

There were 2,065 violent lawbreaking disorders in 2020. 1,739.11 and it is High rate comparing to other BC municipalities. Year by year change in the violent crime rate is 1.1%

The closest Bus station is May & George in 0.03 km away from this listing with - MLS® TB233590.

4.3% of people with university certificate/degree live in this neighbourhood adjacent to the 106 May ST, Thunder Bay, Ontario, P7E1A8 which is Low in comparison with other BC neighbourhoods. 34.3% of population in this neighbourhood that is near the Listing MLS® TB233590 have no certificate or degree. This number is High compared to the average in BC.

Median Household Income near this dwelling with the address 106 May ST, Thunder Bay, Ontario, P7E1A8, Thunder Bay, ON is $23200 which is Low in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® TB233590 is $20256 which is Low in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 44.4% which is Low.

Unemployment rate in the area around MLS® Listing # TB233590 is 16.7 which is High in comparison to the other province neighbourhoods.

This real estate is located in 106 May ST, Thunder Bay, Ontario, P7E1A8 where population change between 2011 and 2016 was -15.1%. This is Low in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 106 May ST, Thunder Bay, Ontario, P7E1A8, Thunder Bay, ON is 1932.6 which is Above Average people per sq.km.

Average size of families in the area adjacent to home for sale 106 May ST, Thunder Bay, Ontario, P7E1A8 is 2.4. This is Low number in comparison to the whole region. Percent of families with children near by the MLS® - MLS® TB233590 is 42.9% and it is Low. % of Married or living common law is around 20.3% and it is Low.

Average age of the population close to the 106 May ST, Thunder Bay, Ontario, P7E1A8 is 49 . This percentage is High in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 106 May ST, Thunder Bay, Ontario, P7E1A8, Thunder Bay, ON is $143982 and this is Low comparing to other areas in British Columbia

Average Owner payments are Below Average in the area adjacent to 106 May ST, Thunder Bay, Ontario, P7E1A8. $1044 owners spent in average for the dwelling. Tenants are paying $616 in this district close to MLS® TB233590 and it is Low comparing to other cities.

83.5% of Population in this district near the 106 May ST, Thunder Bay, Ontario, P7E1A8 are Renters and it is High comparing to other BC cities and areas.

% of English and French speakers around real estate listing 106 May ST, Thunder Bay, Ontario, P7E1A8, Thunder Bay, ON is 6.8%, it is Average, % of English speakers only is 92.5% and Above Average. % of French speakers adjacent to 106 May ST, Thunder Bay, Ontario, P7E1A8 only is 0.7% and it is Average. % of Neither English nor French speakers close to home for sale 106 May ST, Thunder Bay, Ontario, P7E1A8, Thunder Bay, ON is 0% and it is comparing to other BC cities.

27.3% of all population in the area around this property with the address 106 May ST, Thunder Bay, Ontario, P7E1A8, Thunder Bay, ON using Public Transport which is High, 47.7% of using population are using Cars around MLS® TB233590, which is Low. 4.5% of people using Bicycles around the 106 May ST, Thunder Bay, Ontario, P7E1A8 and it is High. 15.9% of population are walking which is High

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Property Taxes $202
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Listing Price Comparision

This house $1,400,000
Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Agent photor
Dan Marusin
Renanza Realty
877-506-0434
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