448 May St. N.
Thunder Bay, Ontario
- Other
INCREDIBLE OPPORTUNITY to own a versatile commercial building in Thunder Bay’s well-established East End neighbourhood! Situated on a spacious 325 x 104 ft lot with excellent street exposure, this SC-zoned property offers a total of 22,119 sq. ft. across the main and second floors. The area is a thriving mix of residential, multi-family, commercial, institutional, and mixed-use properties, located just 2.2 km from the Intercity Shopping Centre, big box retailers, restaurants, and more. Built in 1954 on a concrete slab foundation, the building features brick veneer and metal siding, with a north tar & gravel roof and a south rubber roof—both in good condition. Inside, you’ll find 4x200-amp services with 4 separate meters, providing flexible options for multiple uses or tenants. Ample on-site parking ensures convenience for staff and customers alike. A prime location in the downtown south core with strong traffic flow and high visibility—don’t miss this chance to secure a landmark property with endless potential!
Price History
Property
- Lot Size
- 0.77 acres
Schools
Elementary
- St Jude Catholic Elementary School0.3 km
Catholic · Thunder Bay CDSB · 150 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 32% met the provincial standard
- McKellar Park Central Public School0.6 km
Public · Lakehead DSB · 130 students
Grade 3 reading: 90% met the provincial standard · Grade 6 math: 7% met the provincial standard
- Ogden Community Public School0.6 km
Public · Lakehead DSB · 170 students
Grade 3 reading: 94% met the provincial standard · Grade 6 math: 17% met the provincial standard
Secondary
- Lakehead Alternative School2.1 km
Public · Lakehead DSB
- St Patrick High School2.2 km
Catholic · Thunder Bay CDSB · 1030 students
Grade 10 literacy: 76% met the provincial standard
- TB Catholic Alternative Education2.2 km
Catholic · Thunder Bay CDSB
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P7C
- Population
- 21,695
- Private dwellings
- 10,098
- Median age
- 42.4
- Average household size
- 2.2
- Median household income
- $72,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Thunder Bay · last 12 months
- Median sold price
- $412,500
- Homes sold
- 330
- Median days on market
- 15
- Sale-to-list price
- 106.9%
Based on 330 recorded sales of other properties in Thunder Bay over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$270,000
Estimated Monthly Payment
$6,632
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,632/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $338/mo
Estimates only. Consult a financial advisor.
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