2240 Rankin St
Thunder Bay, Ontario
- 3 bed
- 1 bath
- Single Family
This 2+1 bedroom bungalow presents a rare opportunity to build equity in one of the city's most established and desirable neighborhoods. An ideal match for first-time buyers or investors, this home offers a solid foundation and a functional layout, including a large main living room and an eat-in kitchen. The property’s exterior is a standout feature for the urban core, offering a fully fenced backyard and a detached one-car garage. Parking logistics are a major asset here, with two off-street spots plus a dedicated side drive, just in case you've been looking for a spot to park your boat. While the home retains its classic character, it is bolstered by essential updates for peace of mind, including updated windows, furnace, and central air. The additional bedroom in the basement provides the flexibility needed for a growing family, a quiet home office, or a rec room for the kids. This is a chance to secure a property with exceptional site utility in a fantastic area.
Price History
Schools
Secondary
- Lakehead Alternative School0.2 km
Public · Lakehead DSB
- TB Catholic Alternative Education1.2 km
Catholic · Thunder Bay CDSB
- St Patrick High School1.3 km
Catholic · Thunder Bay CDSB · 1030 students
Grade 10 literacy: 76% met the provincial standard
Elementary
- St Thomas Aquinas Catholic Elementary School0.3 km
Catholic · Thunder Bay CDSB · 205 students
Grade 3 reading: 84% met the provincial standard · Grade 6 math: 70% met the provincial standard
- Westmount Public School0.7 km
Public · Lakehead DSB · 330 students
Grade 3 reading: 68% met the provincial standard · Grade 6 math: 68% met the provincial standard
- Ecole Elsie MacGill PS (Elementary)0.9 km
Public · Lakehead DSB · 800 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% 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 P7E
- Population
- 20,897
- Private dwellings
- 10,401
- Median age
- 44.4
- Average household size
- 2.1
- Median household income
- $68,500
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
- $415,000
- Homes sold
- 282
- Median days on market
- 14
- Sale-to-list price
- 107.1%
Based on 282 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
$59,980
Estimated Monthly Payment
$1,473
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: $1,473/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $75/mo
Estimates only. Consult a financial advisor.
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