Residential/Commercial Property for Sale - 277 Algoma St. S

277 Algoma St S, Thunder Bay, ON P7B 3C3, Thunder Bay 17 hours ago
Studio Bedrooms
Other Real Estate Type
Description
Prime Downtown Mixed Use Commercial/Residential Building

For sale: a high visibility corner property in the Bay & Algoma district. Offering approximately 3,300 sq. ft. across 3 finished levels, this versatile property is ideal for investors, business owners, living and working use.

The main floor features a welcoming reception area and multiple office spaces,  including two 14x16 rooms and two 10x8 rooms. The lower level features multiple flexible-use spaces, including two 7x10 rooms, a spacious reception or waiting area, a large 14x14 workspace, an expansive 7x30 central hall, plus a half bath, laundry area, and utility room. Upstairs, enjoy a fully renovated 2 bedroom, 2 bath apartment with a new kitchen, spacious laundry room, new appliances, and modern finishes — perfect for rental income or owner occupancy.

Located minutes away from Lakehead University, downtown businesses, and transit routes in every direction, this property is perfectly positioned to attract both commercial tenants and residential renters. 
Recent updates include renovated apartment, updated furnace & A/C, shingles, water lines, and more. The storage shed and parking lot is included with the property, with room for 7 cars. This is a move in ready space in a booming, walkable commercial district.

Call Jon @ 807-631-8063 for viewing
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Market Price Insight
Based on 4,417 rental transactions in Thunder Bay
$0.77
Avg $/sqft
$1,409
Avg Monthly
39846% above avg
This Listing
Source: Market data 2019–2026 · Thunder Bay
Location

Approximate location shown for privacy.