507 Victoria Ave E is a 2-bathroom retail in Thunder Bay, listed for $865,000.
1Spanning two levels plus a full basement, the property offers incredible flexibility for a variety of uses including retail, office space, mixed-use development, event space, studios, or commercial redevelopment.
2Endless possibilities await the next visionary owner.
3Visit www.century21superior.com for more info & pics.
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2 Bath Commercial Property in Thunder Bay
About 507 Victoria Avenue East
Opportunity awaits with this impressive 17,500 sq. ft. commercial building located in the heart of Thunder Bay's South Core. Positioned on Victoria Avenue, a corridor currently undergoing a major reconstruction project designed to revitalize the area and restore thorough traffic flow, this landmark property offers exceptional potential for investors, entrepreneurs, and developers alike. Rich in history and character, the building features soaring ceilings, stunning antique tin ceilings on the main floor, exposed brick walls, a striking rear mural, and expansive open-concept spaces that have most recently operated as an indoor marketplace. Spanning two levels plus a full basement, the property offers incredible flexibility for a variety of uses including retail, office space, mixed-use development, event space, studios, or commercial redevelopment. Additional features include two updated natural gas boilers (2016), predominantly LED lighting throughout, two bathrooms, a freight elevator system (currently not in use), a covered garage/loading dock, and upper-level living quarters complete with a gas fireplace. With its combination of size, character, history, and prime location in an area poised for renewed growth, this is a rare opportunity to acquire one of the South Core's most distinctive commercial properties. Endless possibilities await the next visionary owner. Visit www.century21superior.com for more info & pics.
Thunder Bay retail priced at $865,000 — book a tour to see if it fits your search.
Inside 507 Victoria Ave E
Every detail from the listing, in one place.
Type
Retail
Basement
Yes, Full
Features & systems
Interior
Basement
Yes · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
507 Victoria Ave E 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.
Average days on market26Homes sold in about 26 days on average.
Sale-to-list ratio106.1%On average, homes sold at or above asking.
Active listings167Homes for sale here right now.
Median vs prior 90 days−4.8%Compared with May 11 – Aug 9, 2026: prices down.
Based on 486 sales from Aug 9 – Nov 7, 2026 (326 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 507 Victoria Ave E
How much is 507 Victoria Ave E listed for?
507 Victoria Ave E is listed at $865,000 (MLS® X13251492). Summitly updates the price as soon as the MLS® record changes.
Has the price of 507 Victoria Ave E changed?
Yes — it was first listed at $899,500 and is now $865,000, a drop of $34,500 (3.8%).
How many bedrooms and bathrooms does 507 Victoria Ave E have?
507 Victoria Ave E has 2 bathrooms. It is a commercial property in Thunder Bay.
How does 507 Victoria Ave E compare with other homes in Thunder Bay?
Its asking price of $865,000 is about 116% above the median sold price in Thunder Bay over the last 90 days, $400,000, across 486 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 507 Victoria Ave E been sold before?
Summitly has no earlier MLS® sale or lease of 507 Victoria Ave E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 507 Victoria Ave E?
507 Victoria Ave E is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 507 Victoria Ave E been on the market?
159 days — 507 Victoria Ave E was listed on June 1, 2026.
Does 507 Victoria Ave E have a basement, and is it finished?
The listing describes the basement as: Yes, Full.
What is the lot size of 507 Victoria Ave E?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 507 Victoria Ave E?
About $13,775 in Ontario land transfer tax at the asking price of $865,000. 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 507 Victoria Ave E 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 507 Victoria Ave E?
The listing for 507 Victoria Ave E doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Thunder Bay.
