287 Bay St is a retail in Thunder Bay, listed for $649,900.
1There is also a full basement providing excellent additional storage, along with garage/warehouse space featuring an overhead door - ideal for businesses requiring additional workspace or storage.
2Large windows provide an abundance of natural light throughout the living space.
3The apartment has its own private entrance, providing excellent separation from the commercial space below.
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Commercial Property in Thunder Bay
About 287 Bay Street
Commercial & Residential Opportunity in the Desirable Bay/Algoma District Location is everything, and 287 Bay Street offers an exceptional opportunity to own a commercial/residential property in the highly sought-after Bay/Algoma District. This vibrant area is one of the city's most desirable places to operate a business and is also a convenient place to live, with banking, grocery stores, pharmacies, restaurants, and a wide variety of other amenities all close by.The main floor offers approximately 2,000 sq. ft. of versatile commercial space, currently consisting of front retail space, office space, 2PC bathroom, a back room area, and shop/storage space. There is also a full basement providing excellent additional storage, along with garage/warehouse space featuring an overhead door - ideal for businesses requiring additional workspace or storage. The entire second floor is a spacious residential apartment of approximately 1,189 sq. ft., offering 1 bedroom, a dedicated office area, 3PC bathroom with walk in closet, plus a 2nd, 2PC bathroom, spacious living room, and bright kitchen. Large windows provide an abundance of natural light throughout the living space. The apartment has its own private entrance, providing excellent separation from the commercial space below. This property offers flexibility for an owner/operator looking to run their business while living right upstairs. Or, rent the space for additional income. The commercial/residential zoning also contributes to low property taxes, adding to the appeal of this unique opportunity. With 11 paved parking spaces, versatile commercial space, garage/warehouse area, full basement storage, and a spacious residential apartment above, excellent combination of functionality and convenience. Operate your business, live upstairs, and own the property you're building your future in. This is a rare opportunity to combine business and residential space in the heart of the Bay/Algoma District.
Thunder Bay retail priced at $649,900 — book a tour to see if it fits your search.
Inside 287 Bay St
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
287 Bay 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® X14016870$649,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 287 Bay 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 market25Homes sold in about 25 days on average.
Sale-to-list ratio106.4%On average, homes sold at or above asking.
Active listings189Homes for sale here right now.
Median vs prior 90 days+2.5%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 506 sales from Jul 15 – Oct 13, 2026 (279 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 287 Bay St
How much is 287 Bay St listed for?
287 Bay St is listed at $649,900 (MLS® X14016870). Summitly updates the price as soon as the MLS® record changes.
Has the price of 287 Bay St changed?
No — 287 Bay St is still listed at its original asking price of $649,900.
How many bedrooms and bathrooms does 287 Bay St have?
The listing for 287 Bay St doesn't publish its bedroom and bathroom count. It is a commercial property in Thunder Bay.
How does 287 Bay St compare with other homes in Thunder Bay?
Its asking price of $649,900 is about 59% above the median sold price in Thunder Bay over the last 90 days, $410,000, across 506 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 287 Bay St been sold before?
Summitly has no earlier MLS® sale or lease of 287 Bay St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 287 Bay St?
287 Bay St is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 287 Bay St been on the market?
287 Bay St was listed today (October 13, 2026).
What is the land transfer tax on 287 Bay St?
About $9,473 in Ontario land transfer tax at the asking price of $649,900. 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 287 Bay 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 287 Bay St?
The listing for 287 Bay 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.
When was 287 Bay St built?
The listing for 287 Bay St doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
