1024 Oliver Road, Thunder Bay, ON, P7B 7A5

MLS® # TB253574

Commercial For Sale In River Terrace, Thunder Bay, Ontario

$2,900,000

None Beds

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1024 Oliver Road, Thunder Bay, ON, P7B 7A5

$2,900,000

Property Information:

Welcome to 1024 Oliver Road, a unique commercial property offering incredible space, privacy, and opportunity. Located directly beside Thunder Bay’s hospital, this 5.17-acre site is ideal for a wide range of institutional uses. The 16,700 sq ft building was built in 1990 and offers a strong layout for many types of operations. Inside, you will find an industrial kitchen, multiple offices, plenty of bathrooms, and flexible rooms that can be adapted to your needs. The property also features a fenced outdoor area with a basketball court, perfect for recreation or programming. The Institutional zoning allows for many uses, including schools, care facilities, specialized services, and more. With a large parking lot, detached garage, and excellent visibility, this location provides convenience and functionality in a highly desirable area. If you are looking for a property with endless potential and a prime location next to major amenities, this is an opportunity you won’t want to miss.

Property Features:

Annual Tax Amount: $115,578
Access: Municipal Road
Basement: Slab or Corefloor
Built in: 1990
Driveway Details: Asphalt
Exterior Finish: Brick
Heating Source: Natural Gas
Lot Depth: irregular Feet
Lot Frontage: 0 Feet
Property Features: Chattels Included, Fenced, Outside Storage, Overhead Doors, Parking, Wheelchair Access, Workshop/Storage
Property Size: 3.0 - 9.99 Acres
Roof Type: Flat
Services Available: Bus Service, Cable, Garbage PickUp, High Speed Internet, Hydro, Natural Gas, Street Lights, Telephone
Sewer/Septic: Sewer
Water/Well: Municipal Water
Heating Type: HVAC Unit, Boiler

Courtesy of: RE/MAX GENERATIONS REALTY

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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Market Price Trends

All Properties

7.24%

Price change (1 year)

45.14%

Price change (5 years)

Location of 1024 Oliver Road, Thunder Bay, ON, P7B 7A5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

26 hot days expected in 2050

Projected Precipitation Risk: Moderate

12 storms expected in 2050

Projected Heat Risk: Moderate-Low

26 hot days expected in 2050

33/100

Moderate-Low

ClimateCheck®

Current data

This property, 1024 Oliver Road , experiences 7 hot days per year at around 28.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 26 hot days at 31.6 degrees Celsius.

Projected Avg. Temperature

Past

28.5℃

2050

31.6℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

12 storms expected in 2050

40/100

Moderate

ClimateCheck®

Current data

This property, 1024 Oliver Road , experiences 10 significant 2-day storms per year, with about 273.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 12 significant 2-day storms with 313mm of precipitation per year.

Precipitation Per Storm

Past

273.4mm

2050

313mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1024 Oliver Road, Thunder Bay, ON, P7B 7A5

Life Stage

Middle-Aged with Teens

Employment Type

Service Sector/White Collar

Average Household Income

$167,672.39

Average Number of Children

2.00

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.53 %

High school certificate or equivalent

25.05 %

Apprenticeship trade certificate/diploma

6.08 %

College/non-university certificate

17.56 %

University certificate (below bachelor)

2.23 %

University Degree

32.56 %

Commuter

Travel To Work

By Car

86.17 %

By Public Transit

0.0 %

By Walking

6.86 %

By Bicycle

0.0 %

By Other Methods

6.97 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.09 %

Houses

99.91 %

Own Vs. Rent

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Property Information:

Property Features:

Market Price Trends

All Properties

Location of 1024 Oliver Road, Thunder Bay, ON, P7B 7A5

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 1024 Oliver Road, Thunder Bay, ON, P7B 7A5

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

1024 Oliver Road, Thunder Bay, ON, P7B 7A5

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing