House · For saleMay 2, 2026Marathon, Thunder Bay
$620,000
Added Apr 18, 2026
Property type
Commercial Retail
Lot
100 Feet
Taxes
$6,271 /yr
MLS®
X13245130
Listed by
REMAX Generations Realty
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Source
TRREB
Days on market
203
Added
Apr 18, 2026
51 Peninsula presents a rare and versatile investment opportunity, perfectly positioned on the main thoroughfare into town for maximum visibility and accessibility. The main level offers a fully functional, move-in-ready commercial setup. A welcoming front lobby leads to eight private office rooms, ideal for a variety of professional or service-based businesses. This level also features a convenient breakroom with a sink, a 3-piece bathroom, and an additional 2-piece bathroom. Enhancing the property’s versatility is the attached 34' x 18' garage, offering ample space for parking, workshop use, or additional storage. Complementing this is a generous 19' x 17' bonus room that opens the door to endless possibilities—whether you envision a studio, meeting space, or further business expansion, this adaptable space can easily be tailored to fit your vision. The upper level provides a welcoming residential retreat, thoughtfully laid out for comfort and functionality. Here, you’ll find three spacious bedrooms, a 3-piece bathroom, and a dedicated laundry area for added convenience. A standout feature is the large sunroom, flooded with natural light—perfect for a peaceful workspace or storage. The open-concept kitchen, dining, and living area forms the heart of the home, offering a cozy yet airy environment enriched by warm wood accents. This unique property is ideally suited for entrepreneurs, investors, or those seeking a seamless live-work arrangement. With its prominent location and flexible layout, it presents an outstanding opportunity to maximize both lifestyle and income potential.
51 Peninsula Road, Marathon, ONGet directions
Estimate your monthly payment
Estimated monthly payment
$2,754/mo
Principal + interest
$2,754
Total interest
$330,234
Estimate only. Excludes property taxes, heating and maintenance. Rates and terms subject to lender approval.
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