For Lease · Office

106-107 - 1111 VICTORIA AVENUE E, Thunder Bay (McKeller Park)

106-107 - 1111 VICTORIA AVENUE E, Thunder Bay (McKeller Park), ON P7C1B7

$17 per sq ft / yr

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Asset Class

Office

Size

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Building class

B

Zoning

CO — Commercial Office

$ / SF

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Occupancy

93%

About this property

Prime 2,575 sq.ft. commercial leasing opportunity in a well-maintained, secure, and updated building at 1111 Victoria Avenue East. This 12,000 sq. ft. plaza is home to several successful, long-term businesses and benefits from strong foot traffic and excellent visibility. Ideally located close to major amenities, shopping, and services, with significant future growth potential as Victoria Avenue continues to redevelop and the nearby mall site is transformed. Recent upgrades include HVAC, lighting, roof, and other major building systems, providing peace of mind for tenants. A high-exposure location with strong surrounding businesses, steady traffic, and long-term upside. Perfect for businesses looking to grow in a proven commercial corridor. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$17
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-0

Cash-on-cash

-0.24%

DSCR

0.99

Going-in cap

5.47%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

86,394

Households

36,572

Median income

$70,000

Median age

38.5

Daytime population

94,647

5-yr growth

1%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 106-107 - 1111 VICTORIA AVENUE E, Thunder Bay (McKeller Park).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.