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Commercial Property in Thunder Bay
About 1331 Mountain Road
A rare opportunity to acquire the former White Fox Inn, situated on approximately 15 acres of pristine land on sought-after Mountain Road, directly across from the renowned Fort William Country Club. The property is currently in the midst of an extensive renovation and redevelopment project, transforming the building into a modern inn/hotel while preserving its unique character and presence. Significant work has already been completed, offering a valuable opportunity for investors, developers, or owner-operators to continue the vision or adapt the property to suit their own objectives. In addition to its hospitality potential, the property may lend itself to a variety of alternative uses, including single-family residential use, subject to applicable approvals and regulations. The expansive acreage, prime location, and flexible potential make this a truly unique offering. Whether you are seeking a hospitality venture, redevelopment opportunity, or an exceptional estate property, this landmark location offers tremendous possibilities. Additional information, renovation details, and permitted uses are available upon request.
Thunder Bay investment priced at $799,900 — book a tour to see if it fits your search.
Inside 1331 Mountain Rd
Every detail from the listing, in one place.
Type
Investment
Basement
Full
Features & systems
Interior
Basement
Full
Lot & land
Lot size (sqft)
14.82
Listing & possession
Property class
Investment
1331 Mountain Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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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.
Keep looking near 1331 Mountain Rd
Homes for sale in Thunder Bay
Every active Thunder Bay MLS® listing, updated all day.
Average days on market25Homes sold in about 25 days on average.
Sale-to-list ratio106.0%On average, homes sold at or above asking.
Active listings176Homes for sale here right now.
Median vs prior 90 days−0.9%Compared with Apr 26 – Jul 25, 2026: prices down.
Based on 500 sales from Jul 25 – Oct 23, 2026 (288 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1331 Mountain Rd
How much is 1331 Mountain Rd listed for?
1331 Mountain Rd is listed at $799,900 (MLS® X13480130). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1331 Mountain Rd changed?
Yes — it was first listed at $1,099,000 and is now $799,900, a drop of $299,100 (27.2%).
How many bedrooms and bathrooms does 1331 Mountain Rd have?
The listing for 1331 Mountain Rd doesn't publish its bedroom and bathroom count. It is a commercial property in Thunder Bay.
How does 1331 Mountain Rd compare with other homes in Thunder Bay?
Its asking price of $799,900 is about 96% above the median sold price in Thunder Bay over the last 90 days, $408,750, across 500 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 1331 Mountain Rd been sold before?
Summitly has no earlier MLS® sale or lease of 1331 Mountain Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1331 Mountain Rd?
1331 Mountain Rd is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1331 Mountain Rd been on the market?
66 days — 1331 Mountain Rd was listed on June 23, 2026.
Does 1331 Mountain Rd have a basement, and is it finished?
The listing describes the basement as: Full.
What is the lot size of 1331 Mountain Rd?
The lot is 17.495 acres, as published in the listing.
What is the land transfer tax on 1331 Mountain Rd?
About $12,473 in Ontario land transfer tax at the asking price of $799,900. 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 1331 Mountain Rd 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 1331 Mountain Rd?
The listing for 1331 Mountain Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Thunder Bay.