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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
1-333-345-6868info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 9 days

    16 Cumberland Street S

    Court / Cumberland·Thunder Bay, ON·P7B 2T2·Near Sitting just down from the corner of Red River and Cumberland St

      0
    • Commercial
    Thunder Bay real estate›X13251292
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Investment opportunity in the Heart of Downtown Port Arthur. This one storey building which is approximately 8,856 sqft resting on a concrete slab foundation. The interior of the subject consists of five commercial spaces. One is a large bar/restaurant area (Red Lion), with bar, full kitchen, storage areas, office, 1x staff washroom, 2X public washrooms, and a common 2x public washrooms. The second space is Big Lake Pasta, the third is Record Store, the fourth is music store and the fifth is Chocolatier. All five areas are similar finishings with drywall walls, either vinyl flooring or vinyl plank, a combination of steel roof system and acoustic drop ceiling tile.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    • Investment opportunity in the Heart of Downtown Port Arthur.
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 5, 2026ListedCurrentFor sale$1,250,000 —X13251292This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      3
      Air conditioning
      Other
      Water source
      Municipal
      Sewer
      Sanitary
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 16 Cumberland Street S
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $6,141
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $3,333
    3.20% mill rate · ON
    The market

    How this home sits in the Thunder Bay market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Thunder Bay market right now

    Average sold price, days on market, and closed-transaction count for Thunder Bay — sourced from MLS®.

    • Avg sold price
      $385,061
      Last 30 days
    • Median sold price
      $360,000
      Middle of the market
    • Days on market
      13 d
      Avg from list to close
    • Closed last 30d
      13
      MLS® transactions
    Full Thunder Bay market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 16 Cumberland Street S — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 16 Cumberland Street S and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 16 Cumberland Street S listed for?

      16 Cumberland Street S is listed at $1,250,000 on the MLS® (listing X13251292). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 16 Cumberland Street S have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. < .50 ac lot
  2. Asking
    $1,250,000
    MLS® X13251292
    Chat Zara
  3. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $385,061
    $354,256Confidence range$415,866
    Asking vs estimate
    ↑↑well-above
    +$864,939
    (+224.6%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Thunder Bay sell in about 13 days — this one has been listed 9 days.

    Avg sold price
    $385,061
    Median sold
    $360,000
    Avg days on market
    13
    Recently sold
    13
    See comparable sales
    The interior of the subject consists of five commercial spaces.
  4. One is a large bar/restaurant area (Red Lion), with bar, full kitchen, storage areas, office, 1x staff washroom, 2X public washrooms, and a common 2x public washrooms.
  5. The second space is Big Lake Pasta, the third is Record Store, the fourth is music store and the fifth is Chocolatier.
  6. Ask Zara a follow-up

    Parking & garage

    1
    Garage
    None
  7. Interior

    1
    Basement
    Yes
  8. Exterior & construction

    4
    Exterior
    Other
    Roof
    Other
    Foundation
    Other
    Pool
    None
  9. Listing & possession

    3
    Occupancy
    Immediate
    Property style
    Other
    Property class
    Commercial
  10. Combined estimate
    $9,474
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $6,141
    /mo
    based on the purchase price of $1,250,000
    $250,000 cash
    $1,000,000 financed
    $842,262 total interest
    Monthly payment$6,141/ month
    Principal54%$1,000,000
    Interest46%$842,262

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    More commercials in Thunder Bay

    Active listings within ±20% of this asking price.

    • 325 Munro Street
      $1,299,000
      325 Munro Street
      Commercial
    • 220 Leland Street
      $1,200,000
      220 Leland Street
      Commercial
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  11. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  12. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  13. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  14. Public listing courtesy of ROYAL LEPAGE LANNON REALTY · displayed on Summitly per MLS® data-share rules

    16 Cumberland Street S is a commercial at Thunder Bay, ON. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  15. When was 16 Cumberland Street S built?

    The year built for 16 Cumberland Street S isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  16. What is the property tax for 16 Cumberland Street S?

    The 'Property tax' tab in the History section shows the most recent annual tax for 16 Cumberland Street S plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  17. How much would the monthly mortgage be on 16 Cumberland Street S?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,250,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  18. Has 16 Cumberland Street S been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 16 Cumberland Street S with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  19. What neighbourhood is 16 Cumberland Street S in?

    16 Cumberland Street S is in Court / Cumberland, Thunder Bay. The 'Neighbourhood' section below links to the live Thunder Bay real estate hub with average sold price, days on market, and current inventory.

  20. Is Thunder Bay a good place to live?

    Thunder Bay is one of ON's actively-tracked Summitly markets. The full Thunder Bay real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.