285 Memorial Avenue, Thunder Bay, ON P7B 6H4
Court / Cumberland, Thunder Bay · Near MEMORIAL Ave & JOHN St · View map
About this home
An Exceptional Investment Opportunity in the Heart of Thunder Bay's Thriving Commercial Corridor Presenting a premier, institutional-quality income property located in one of Thunder Bay's fastest-growing commercial hubs. This distinguished asset is anchored by an outstanding roster of nationally recognized AAA tenants, including Wellwise, a grocery, and Reliance, ensuring exceptional stability income security. Designed to deliver consistent, hassle-free returns, the property features Triple Net (NNN) leases, significantly minimizing landlord responsibilities while generating reliable cash flow. Offering an attractive cap rate of approximately 7%, this is a rare opportunity to acquire a high-performing commercial asset with immediate income and outstanding long-term appreciation potential. Whether you're expanding an established real estate portfolio or seeking a premier, recession-resilient investment, this trophy asset represents the ideal combination of quality, stability, and growth.
The home
- Type
- Commercial retail
- Square footage
- 1.261 sq ft
- Lot size
- 366.8 x 164 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Yes
Heating & cooling
- Heating type
- Gas Forced Air Closed
- Air conditioning
- Yes
Garage & parking
- Garage
- Outside/Surface
- Total parking
- None
Taxes & other
- Property taxes
- $96,830/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- TBA
- Cross street
- MEMORIAL Ave & JOHN St
- Neighbourhood
- Court / Cumberland
More
- MLS® number
- X13617004
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
285 Memorial Avenue, Thunder Bay, ON P7B 6H4
Court / Cumberland, Thunder Bay · Near MEMORIAL Ave & JOHN St
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Listing history for 285 Memorial Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 285 Memorial Avenue
Answers come straight from this home’s MLS® listing.
How much is 285 Memorial Avenue listed for, and what would it cost each month?
285 Memorial Avenue is listed for $3,750,000. With 20% down ($750,000), the mortgage payment would be roughly $15,126 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $23,196 a month, all in. That figure is an illustration, not a quote.
Is 285 Memorial Avenue freehold or a condo, and is there a monthly fee?
285 Memorial Avenue is a commercial retail in Court / Cumberland, Thunder Bay. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 285 Memorial Avenue have a garage and parking?
Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.
What style of home is 285 Memorial Avenue?
285 Memorial Avenue is a commercial retail. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 285 Memorial Avenue, and what is the lot size?
The lot is listed as 366.8 x 164 ft.
How is 285 Memorial Avenue heated and cooled?
Heating is gas forced air closed. Cooling is yes.
What are the property taxes for 285 Memorial Avenue?
Property taxes are $96,830 a year (2025), or about $8,069 a month.
Where is 285 Memorial Avenue?
285 Memorial Avenue is in the Court / Cumberland community of Thunder Bay. The nearest main intersection is MEMORIAL Ave & JOHN St. The postal code is P7B 6H4.
Is 285 Memorial Avenue still for sale?
Yes. It is an active listing (MLS® X13617004). Listings here update from the board through the day and come down once a home sells.
What have homes at 285 Memorial Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 285 Memorial Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Courtesy of: RE/MAX REALTRON REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.