125 May St is a retail in Thunder Bay, listed for $249,900.
1Located in the McKellar Park area, this versatile property offers a unique opportunity for investors or developers.
2Currently configured as four residential units with back-lane access and two parking spaces, the building holds potential for conversion to retail or office use, making it ideal for a variety of future possibilities.
3Please note, the building is not currently accessible and is being sold as is, where is.
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Commercial Property in Thunder Bay
About 125 May Street
Located in the McKellar Park area, this versatile property offers a unique opportunity for investors or developers. Currently configured as four residential units with back-lane access and two parking spaces, the building holds potential for conversion to retail or office use, making it ideal for a variety of future possibilities. Please note, the building is not currently accessible and is being sold as is, where is. Vacant and ready for transformation, this is a great chance to reimagine a space in a building in a commercial area of Thunder Bay. Can be purchased in a combination sale with 127 May Street next door. Please note - there is no access for any site visits. Visit www.century21superior.com for more info.
Thunder Bay retail priced at $249,900 — book a tour to see if it fits your search.
Inside 125 May St
Every detail from the listing, in one place.
Type
Retail
Basement
Partial Basement
Features & systems
Interior
Basement
Partial Basement
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
125 May St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13244206$249,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 125 May St Compares to the Thunder Bay Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market26Homes sold in about 26 days on average.
Sale-to-list ratio106.0%On average, homes sold at or above asking.
Active listings162Homes for sale here right now.
Median vs prior 90 days−4.8%Compared with May 14 – Aug 12, 2026: prices down.
Based on 496 sales from Aug 12 – Nov 10, 2026 (329 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 125 May St
How much is 125 May St listed for?
125 May St is listed at $249,900 (MLS® X13244206). Summitly updates the price as soon as the MLS® record changes.
Has the price of 125 May St changed?
No — 125 May St is still listed at its original asking price of $249,900.
How many bedrooms and bathrooms does 125 May St have?
The listing for 125 May St doesn't publish its bedroom and bathroom count. It is a commercial property in Thunder Bay.
How does 125 May St compare with other homes in Thunder Bay?
Its asking price of $249,900 is about 38% below the median sold price in Thunder Bay over the last 90 days, $400,000, across 496 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 125 May St been sold before?
Summitly has no earlier MLS® sale or lease of 125 May St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 125 May St?
125 May St is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 125 May St been on the market?
272 days — 125 May St was listed on February 11, 2026.
Does 125 May St have a basement, and is it finished?
The listing describes the basement as: Partial Basement.
What is the lot size of 125 May St?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 125 May St?
About $2,224 in Ontario land transfer tax at the asking price of $249,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 125 May St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 125 May St?
The listing for 125 May St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Thunder Bay.
