Thunder Bay, ON · · MLS® X13244182Updated
$1,350,000
227-229 Pearl St is a 10-bathroom retail in Thunder Bay, listed for $1,350,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
**FOR SALE***HUGE INVESTMENT PROPERTY*** PRIME DOWNTOWN WATERFRONT DISTRICT*****11,880 sf + 3 Parking Lots**8% CAP RATE* PERFECT FOR INVESTMENT**Annual Rent Potential $155,000+: Lower Level-$64,979.86 (Leased) + 2nd Floor-$25,066.50 (Leased)+ Main Floor $64,000(Currently Vacant) *** Full NEW Commercial Kitchen 2024** Eating & Bar Area in Basement. **Stage** + Natural Hardwood Dance Floor- Wide Open Space, 2 Office Spaces+ Bathrooms. Brand new Boiler System Installed in (2023); with Plenty of Parking in Prime downtown port arthur location!*INCLUDES 3 ADJACENT, PARKING LOTs (33' X 165')* Currently Basement & 2nd Floor are Leased, Main Floor is vacant Open Concept banquet hall Stage, dance floor and wide open space on main floor along with additional rentable office space on main floor with 2-piece bathroom. Second floor includes 8 total individual offices paces plus boardroom and storage room with two complete bathrooms *VACANT IMMEDIATE POSSESSION**Please Call Anytime for Details & Showings.
Thunder Bay retail priced at $1,350,000 — book a tour to see if it fits your search.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
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Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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Listing brokerage: ROYAL LEPAGE LANNON REALTY, BrokerageMLS® X13244182 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
Other homes for sale in Thunder Bay around $1.4M.
Homes for sale in Thunder Bay
Every active Thunder Bay MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
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.
227-229 Pearl St is listed at $1,350,000 (MLS® X13244182). Summitly updates the price as soon as the MLS® record changes.
No — 227-229 Pearl St is still listed at its original asking price of $1,350,000.
227-229 Pearl St has 10 bathrooms. It is a commercial property in Thunder Bay.
Its asking price of $1,350,000 is about 238% above 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.
Summitly has no earlier MLS® sale or lease of 227-229 Pearl St on record from the last two years. Older records aren't shown under TRREB rules.
227-229 Pearl St is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
102 days — 227-229 Pearl St was listed on February 10, 2026.
The listing describes the basement as: Yes, Full.
The lot is 50 acres, as published in the listing.
About $23,475 in Ontario land transfer tax at the asking price of $1,350,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
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.
The listing for 227-229 Pearl 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.
