227-229 Pearl Street, Thunder Bay, ON
Property Highlights
Welcome to this remarkable commercial located in the coveted neighborhood of Court / Cumberland. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,350,000 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 10 Bathrooms
- Spacious lot size measured in Feet
- Features a yes basement, adding superb versatility for recreation, a home gym, or extra storage
- Notable attributes: Other
- equipped with other central cooling and highly efficient other heating via gas
Description
**FOR SALE***HUGE INVESTMENT PROPERTY*** PRIME DOWNTOWN WATERFRONT DISTRICT*****11,880 sf + 3 Parking Lots**8% CAP RATE* PERFECT FOR INVESTMENT**Annual Rent Potential $155,000+: Lower Level-$64,979.86 (Leased) + 2nd Floor-$25,066.50 (Leased)+ Main Floor $64,000(Currently Vacant) *** Full NEW Commercial Kitchen 2024** Eating & Bar Area in Basement. **Stage** + Natural Hardwood Dance Floor- Wide Open Space, 2 Office Spaces+ Bathrooms. Brand new Boiler System Installed in (2023); with Plenty of Parking in PRIME DOWNTOWN PORT ARTHUR LOCATION!!*INCLUDES 3 ADJACENT, PARKING LOTs (33' X 165')* Currently Basement & 2nd Floor are Leased, Main Floor is vacant Open Concept banquet hall Stage, dance floor and wide open space on main floor along with additional rentable office space on main floor with 2-piece bathroom. Second floor includes 8 total individual offices paces plus boardroom and storage room with two complete bathrooms *VACANT IMMEDIATE POSSESSION**Please Call Anytime for Details & Showings.
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Property Summary
This commercial located at 227-229 Pearl Street, Thunder Bay is currently for sale and has been available on SousaSells for 205 days. This property is listed at $1,350,000 with an estimated mortgage of $4,494* per month. It has 0 beds, 10 bathrooms, and is unknown square feet. 227-229 Pearl 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.
- •10 well-appointed bathrooms
- •Desirable Commercial 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
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 227-229 Pearl Street, Thunder Bay, ON
Q.What is the asking price for 227-229 Pearl Street, Thunder Bay, ON ?
The current listing price for 227-229 Pearl Street, Thunder Bay, ON in Court / Cumberland, Thunder Bay is $1,350,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and 10 bathrooms.
Q.What property type and architectural style is 227-229 Pearl Street, Thunder Bay, ON ?
227-229 Pearl Street, Thunder Bay, ON is a Commercial () featuring a Yes basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Other.
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Location
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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.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 227-229 Pearl Street, Thunder Bay, ON P7B 1E3
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 $1,350,000 in Thunder Bay, the legal minimum down payment is $270,000 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 $23,475 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 $23,475.
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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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