507 Victoria Ave E, Thunder Bay
Opportunity awaits with this impressive 17,500 sq. ft. commercial building located in the heart of Thunder Bay's South Core. Positioned on Victoria Avenue, a corridor currently undergoing a major reconstruction project designed to revitalize the area and restore thorough traffic flow, this landmark property offers exceptional potential for investors, entrepreneurs, and developers alike. Rich in history and character, the building features soaring ceilings, stunning antique tin ceilings on the main floor, exposed brick walls, a striking rear mural, and expansive open-concept spaces that have most recently operated as an indoor marketplace. Spanning two levels plus a full basement, the property offers incredible flexibility for a variety of uses including retail, office space, mixed-use development, event space, studios, or commercial redevelopment. Additional features include two updated natural gas boilers (2016), predominantly LED lighting throughout, two bathrooms, a freight elevator system (currently not in use), a covered garage/loading dock, and upper-level living quarters complete with a gas fireplace. With its combination of size, character, history, and prime location in an area poised for renewed growth, this is a rare opportunity to acquire one of the South Core's most distinctive commercial properties. Endless possibilities await the next visionary owner. Visit www.century21superior.com for more info & pics. (id:1945)
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Property details for 507 Victoria Ave E, Thunder Bay
- Type
- Commercial
- Bathrooms
- 2
- Living Area
- 17,500 square feet
- Lot Size
- 57.91 x 150 FT
- Basement
- Full
- Heating
- Hot water radiator heat, Natural gas, Other
- Cooling
- None
- Exterior
- Brick
- Annual Taxes
- $5,210
Nearby Listings Stat
Estimated price and comparable properties near 507 Victoria Ave E
Active Listings
11
Min Price
$149,900
Max Price
$865,000
Avg Price
$382,109
Days on Market
22
days
Sold Listings
15
Min Sold Price
$240,000
Max Sold Price
$489,900
Avg Sold Price
$350,533
Days until Sold
22
days
Neighbourhood Census Data
Thunder Bay, Ontario
Population
447
Median Age
45.4
Median Income
$20,587
Dwelling Value
$149,633
Housing Tenure
Owners 25%
Renters 73%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.5
Pop. Density: 1,704.2/km²
Avg Shelter Cost: $1,076/mo
Owners with Mortgage: 41.2%
Owners Spending 30%+: 29.4%
Tenants Spending 30%+: 52.2%
English only: 92.2%
English and French: 6.7%
Neither: 1.1%
Median Household Income: $27,888
Median Employment Income: $19,520
Price History
Listed
June 1, 2026
by CENTURY 21 SUPERIOR REALTY INC.
Current Price
$865,000
-3.8% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $865,000 | $34,500 (-3.8%) |
| Jul 2, 2026 | $899,500 | Listed |
