Can Your Dream Come True in Thunder Bay? Yes.
THUNDER BAY – Moneysense Magazine says that Thunder Bay is the best place to invest in Real Estate. There are many opportunities for savvy investors, often from outside of the city many who see the potential and opportunity more than some local residents.
“As in the rest of the world, some of the baby boomers in the small and medium business category here in Thunder Bay have aged and are looking to retire,” stated Doug Murray from the Community Economic Development Corporation. “We recognized this at the Thunder Bay CEDC and have created a web page on our site entitled Business Opportunities (www.thunderbaycedc.ca/businessopportunities) “.
“This year we will start marketing our site throughout Canada and the world to promote the opportunities to afford a business and a house in Thunder Bay versus other locations in Canada and the world”.
“Besides we all know Thunder Bay is a great place to live so why not tell the world that,” concluded Murray.
Thunder Bay is an evolving and Modern City
Thunder Bay, located on Lake Superior offers a wide range of reasons that people who move here love the location. From sailing on Lake Superior, to world-class Nordic and Alpine skiing – to a growing number of amazing restaurants with cuisine choices from around the world.
“Thunder Bay has had comparably low real estate costs for many years. While our prices have risen in recent years they have still remained lower than many other centres, making this a strategic advantage for our community to attract professionals,” states Charla Robinson, President of the Thunder Bay Chamber of Commerce.
“Now we need to work on the affordability of living in that home – our tax rates are above average for comparable communities. City Council needs to find ways to reduce city spending so that our taxes can be lowered. The Chamber believes that an external core service review is a good start to that process,” added Robinson.
So what kinds of real estate investments does Thunder Bay offer?
Samantha Ruberto of Royal LePage Lannon Realty, Thunder Bay shares:
Brand New Luxury Home: $524,500
One of Thunder Bay’s Finest Brand New Homes!
Custom Designed Luxurious and Comfortable Open Concept Fully Finished Executive Family Home, Top Quality, Prestigious Parkdale. 4 large Bedroom & 3 baths, 1600+sf, Open Concept, Radiant Natural Light showers Elegant Master Chefs Gourmet Kitchen, Beautiful Rich Maple Cabinets, Gorgeous Granite Island, Spacious Eat in, 3 full 4 piece Baths. Huge two Car Attached Garage towering 14′ ceiling. Home Radiates Natural Light & Beauty. Home Bonus Full 7year Tarion Warranty.
In terms of commercial property, Vince Mirabelli from Re/Max First Choice Realty Ltd. shares:
The Former Peterson’s Furniture Store On Fort William Road. Over 26,000 Sq Ft Of Space With 13,000 Sq Ft Per Level. Zoned In2 (Medium Industrial). Light Industrial Building. Steel Beam And Concrete Construction. Available Immediately. Roof Recently (Summer 2014) Installed. (100K)
This property goes for $699.900.
Building on your dream in Thunder Bay is very possible, and affordable.