222 May ST N
Thunder Bay, Ontario
Other
Turnkey Investment Opportunity! Unlock the potential of this rare 17,600 sq. ft. mixed-use building offering multiple income streams under one roof. This well-maintained property features 8 one-bedroom residential apartments, well-established bar, restaurant with a commercial kitchen including large seating area with a second bar, and a huge storage area with endless possibilities. With loads of updates already completed and a property manager who is willing to stay on, this is a rare opportunity for investors seeking a stable, turnkey asset with strong income potential and room for future growth. Whether you’re expanding your portfolio or stepping into commercial ownership, this one checks all the boxes. A true cash-flowing opportunity you won’t want to miss!
Price History
Schools
Elementary
- McKellar Park Central Public School0.3 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 School0.8 km
Public · Lakehead DSB · 170 students
Grade 3 reading: 94% met the provincial standard · Grade 6 math: 17% met the provincial standard
- St Jude Catholic Elementary School0.8 km
Catholic · Thunder Bay CDSB · 150 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 32% met the provincial standard
Secondary
- St Patrick High School1.7 km
Catholic · Thunder Bay CDSB · 1030 students
Grade 10 literacy: 76% met the provincial standard
- TB Catholic Alternative Education1.8 km
Catholic · Thunder Bay CDSB
- Lakehead Alternative School1.9 km
Public · Lakehead DSB
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
- $420,000
- Homes sold
- 203
- Median days on market
- 14
- Sale-to-list price
- 107.6%
Based on 203 recorded sales of other properties in Thunder Bay over the last 12 months.
Location
Mortgage Calculator
$319,800
Estimated Monthly Payment
$7,855
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,855/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $400/mo
Estimates only. Consult a financial advisor.
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