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Thunder Bay

  • 5 bed
  • Single Family
$531,000

***ATTENTION*****INCOME WITH FLEXIBILITY**Possible Live or Rent One & AirBnB*** A Fully Self-Contained 3+2 Brm, Offering Two Complete Living Units 2 Separate Granite Kitchens, 2 Separate Laundry, and Separate Hydro, anchored by two new 100-amp electrical panels with all copper wiring. Every major system & finish has been meticulously updated, resulting in a home that feels more like a designer magazine feature than a typical income property. Whether you’re a first-time buyer looking to offset your mortgage or a seasoned investor seeking a clean, low-maintenance AirBnB asset, the layout supports short-term rental, long-term tenancy, or owner-occupancy with income effortlessly. Turnkey, efficient, and flexible, this property checks every box, such as strong fundamentals, modern execution, and undeniable Curb Appeal in the Heart of the Bay Algoma Neighborhood near the Madhouse beside the Nook Restaurant. ***ALL FURNITURE INCLUDED***Excellent Property***CALL ANYTIME TO VIEW***

Price History

Schools

Elementary

  • Ecole Gron Morgan Public School1.3 km

    Public · Lakehead DSB · 770 students

    Grade 3 reading: 77% met the provincial standard · Grade 6 math: 58% met the provincial standard

  • Corpus Christi Catholic Elementary School1.3 km

    Catholic · Thunder Bay CDSB · 265 students

    Grade 3 reading: 65% met the provincial standard · Grade 6 math: 66% met the provincial standard

  • École catholique de La Vérendrye1.4 km

    French Catholic · CSDC des Aurores boréales · 90 students

Secondary

  • École secondaire catholique de La Vérendrye1.5 km

    French Catholic · CSDC des Aurores boréales · 135 students

    Grade 10 literacy: 90% met the provincial standard

  • Hammarskjold High School2.1 km

    Public · Lakehead DSB · 960 students

    Grade 10 literacy: 88% met the provincial standard

  • Superior Collegiate and Vocational Institute2.1 km

    Public · Lakehead DSB · 685 students

    Grade 10 literacy: 76% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area P7B

Population
22,675
Private dwellings
11,110
Median age
40.8
Average household size
2.2
Median household income
$70,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Single Family in Thunder Bay · last 12 months

Median sold price
$412,500
Homes sold
330
Median days on market
15
Sale-to-list price
106.9%

Based on 330 recorded sales of single family properties in Thunder Bay over the last 12 months.

Walk Score

Walk Score is unavailable for this address right now.

Mortgage Calculator

$106,200

Estimated Monthly Payment

$2,609

Land transfer tax

Estimated land transfer tax$7,095

Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $2,609/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $133/mo

Estimates only. Consult a financial advisor.

R

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