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395 Fort William Rd.

Thunder Bay, Ontario

  • Other
$2,399,000

Exceptional opportunity to own a fully renovated 10,023 sq.ft. commercial/investment property in one of Thunder Bay's most desirable waterfront-adjacent locations. Comprised of 6,057 sq.ft. on the main floor, 3,490 sq.ft. on the second level, and a 476 sq.ft. mezzanine, this versatile Light Industrial-zoned building offers tremendous flexibility for a wide variety of permitted uses including fitness, professional services, retail, trades, office, studio, showroom, warehouse, and investment opportunities. Extensively renovated throughout, major upgrades include new flooring, lighting, electrical, security system, garage doors, rear windows, front storefront window, updated plumbing, three new air conditioning units, a new lower-level furnace, renovated change rooms complete with showers and saunas, and a freshly painted exterior. Currently operating as a gym and barber shop, the building provides a functional layout with endless possibilities for future owners, owner-occupiers, or investors. The roof and parking area have been maintained and repaired as required over the years. Ideally situated steps from Marina Park with breathtaking Sleeping Giant views and surrounded by ongoing waterfront revitalization, this is a rare opportunity to acquire a landmark commercial property with exceptional long-term growth potential in one of the city's most sought-after locations. Don't miss this unique investment opportunity.

Price History

Property

Lot Size
0.49 acres

Schools

Elementary

  • Ecole Gron Morgan Public School1.5 km

    Public · Lakehead DSB · 770 students

    Grade 3 reading: 77% met the provincial standard · Grade 6 math: 58% met the provincial standard

  • Corpus Christi Catholic Elementary School1.6 km

    Catholic · Thunder Bay CDSB · 265 students

    Grade 3 reading: 65% met the provincial standard · Grade 6 math: 66% met the provincial standard

  • Bishop E. Q. Jennings Senior Elementary School2.1 km

    Catholic · Thunder Bay CDSB · 260 students

Secondary

  • École secondaire catholique de La Vérendrye2.3 km

    French Catholic · CSDC des Aurores boréales · 135 students

    Grade 10 literacy: 90% met the provincial standard

  • Hammarskjold High School2.5 km

    Public · Lakehead DSB · 960 students

    Grade 10 literacy: 88% met the provincial standard

  • Superior Collegiate and Vocational Institute2.9 km

    Public · Lakehead DSB · 685 students

    Grade 10 literacy: 76% 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
$412,500
Homes sold
292
Median days on market
14
Sale-to-list price
107.0%

Based on 292 recorded sales of other properties in Thunder Bay over the last 12 months.

Walk Score

Walk Score is unavailable for this address right now.

Mortgage Calculator

$479,800

Estimated Monthly Payment

$11,786

Land transfer tax

Estimated land transfer tax$46,450

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: $11,786/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $600/mo

Estimates only. Consult a financial advisor.

R

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