477 Highway 586
Thunder Bay, Ontario
4 bed • 3 bath • Single Family
Escape to lakefront living in this stunning year-round chalet on beautiful Shebandowan Lake, offering breathtaking views over Shelter Bay. Built in 2011, this 4-bedroom, 3-bathroom home features over 3,000 sq ft of finished living space, designed to capture lake views from nearly every room. The main floor features a vaulted great room with stone fireplace, primary suite with ensuite and walk-in closet, second bedroom, full bath, laundry, and dual walk-in pantries. Quality finishes include cork and Brazilian teak floors, pine ceilings, and solid wood trim. The walkout lower level offers a spacious rec room with wood fireplace and wet bar, two bedrooms, sauna, and in-floor heated tile. Efficiently built with a boiler system, propane furnace, and Generac backup generator. Set on a private 1-acre lot in a quiet bay, with owned shoreline, dock, and sandy swim area—ideal for enjoying lake life year-round. Don't miss out on the opportunity to be on Shebandowan Lake!
Price History
Property
- Lot Size
- 1 acres
Schools
Elementary
- École publique des Vents du Nord0.5 km
French public · CS public du Grand Nord de l'Ontario
- Westmount Public School1.2 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)1.3 km
Public · Lakehead DSB · 800 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 56% met the provincial standard
Secondary
- Westgate Collegiate and Vocational Institute0.9 km
Public · Lakehead DSB · 1075 students
Grade 10 literacy: 75% met the provincial standard
- Lakehead Alternative School1.9 km
Public · Lakehead DSB
- TB Catholic Alternative Education2.6 km
Catholic · Thunder Bay CDSB
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 P0T
- Population
- 32,000
- Private dwellings
- 17,869
- Median age
- 45.6
- Average household size
- 2.3
- Median household income
- $77,000
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
- $426,000
- Homes sold
- 207
- Median days on market
- 14
- Sale-to-list price
- 107.5%
Based on 207 recorded sales of single family properties in Thunder Bay over the last 12 months.
Location
Mortgage Calculator
$189,980
Estimated Monthly Payment
$4,667
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,667/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $237/mo
Estimates only. Consult a financial advisor.
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