1 Palette IS
Thunder Bay, Ontario
- 3 bed
- 3 bath
- Single Family
A true piece of Paradise awaits on Lake Superior. Enjoy the privacy and luxury of owning your own private island - Palette Island. Palette island has 3.94acres to enjoy, accessible by boat, plane, or helicopter, and are just a short boat ride from Amethyst Harbour and 30 minutes from downtown Thunder Bay. Palette Island is fully serviced with hydro, Wi-Fi, a septic system, water, security, and TV, offering a truly self-sufficient and simple living experience. The main house features 2 bedrooms, 2 bathrooms, and an open-concept kitchen, dining, and living room. Large windows capture stunning views, including the iconic Sleeping Giant and peninsula. The home boasts a wrap-around deck, hot tub, and a new dock, having been nicely updated throughout the years with new appliances and fresh paint inside and out. Outside, you'll find beautiful walking trails and a 2-car detached garage, which offers ample storage and space for tools that are included. Above the garage is a separate 1-bedroom guest loft complete with its own kitchen, living room, and 3pc bath. The package includes most items, such as a newly purchased boat and ATV. While the property offers ultimate privacy, you also have the option of enjoying all the festivities and amenities that Amethyst Harbour has to offer, like a sports camp, tennis/pickleball courts, and biking and hiking trails. With Palette Island, you get the best of both worlds.
Price History
Property
- Lot Size
- 5.94 acres
Schools
Elementary
- St Jude Catholic Elementary School2.3 km
Catholic · Thunder Bay CDSB · 150 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 32% met the provincial standard
- Ogden Community Public School2.4 km
Public · Lakehead DSB · 170 students
Grade 3 reading: 94% met the provincial standard · Grade 6 math: 17% met the provincial standard
- Ecole Gron Morgan Public School2.4 km
Public · Lakehead DSB · 770 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 58% met the provincial standard
Secondary
- Hammarskjold High School3.4 km
Public · Lakehead DSB · 960 students
Grade 10 literacy: 88% met the provincial standard
- École secondaire catholique de La Vérendrye3.4 km
French Catholic · CSDC des Aurores boréales · 135 students
Grade 10 literacy: 90% met the provincial standard
- Superior Collegiate and Vocational Institute4 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 P7A
- Population
- 28,587
- Private dwellings
- 14,359
- Median age
- 47.2
- Average household size
- 2.1
- Median household income
- $78,500
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
- 292
- Median days on market
- 14
- Sale-to-list price
- 107.0%
Based on 292 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.
Location
Street View
Mortgage Calculator
$319,980
Estimated Monthly Payment
$7,860
Land transfer tax
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: $7,860/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $400/mo
Estimates only. Consult a financial advisor.
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