16 Cumberland ST S
Thunder Bay, Ontario
- Other
Investment opportunity in the Heart of Downtown Port Arthur. This one storey building which is approximately 8,856 sqft resting on a concrete slab foundation. The interior of the subject consists of five commercial spaces. One is a large bar/restaurant area (Red Lion), with bar, full kitchen, storage areas, office, 1x staff washroom, 2X public washrooms, and a common 2x public washrooms. The second space is Big Lake Pasta, the third is Record Store, the fourth is music store and the fifth is Chocolatier. All five areas are similar finishings with drywall walls, either vinyl flooring or vinyl plank, a combination of steel roof system and acoustic drop ceiling tile.
Price History
Schools
Elementary
- École catholique Franco-Supérieur0.8 km
French Catholic · CSDC des Aurores boréales · 310 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 81% met the provincial standard
- St James Public School0.9 km
Public · Lakehead DSB · 205 students
Grade 6 math: 40% met the provincial standard
- École catholique de La Vérendrye1.3 km
French Catholic · CSDC des Aurores boréales · 90 students
Secondary
- École secondaire catholique de La Vérendrye1.3 km
French Catholic · CSDC des Aurores boréales · 135 students
Grade 10 literacy: 90% met the provincial standard
- Superior Collegiate and Vocational Institute1.8 km
Public · Lakehead DSB · 685 students
Grade 10 literacy: 76% met the provincial standard
- Hammarskjold High School2.5 km
Public · Lakehead DSB · 960 students
Grade 10 literacy: 88% met the provincial standard
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 P7B
- Population
- 22,675
- Private dwellings
- 11,110
- Median age
- 40.8
- Average household size
- 2.2
- Median household income
- $70,000
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
- $410,000
- Homes sold
- 321
- Median days on market
- 14
- Sale-to-list price
- 106.8%
Based on 321 recorded sales of other properties in Thunder Bay over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$250,000
Estimated Monthly Payment
$6,141
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: $6,141/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $313/mo
Estimates only. Consult a financial advisor.
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