206 Varsity Place
Thunder Bay, Ontario
- 4 bed
- 2 bath
- Single Family
This spacious 3+1 bedroom, 2-storey condo townhouse is ideally located near the university, making it an excellent opportunity for investors or families. The home features 2 bathrooms, an unfinished basement, and a fenced backyard, offering plenty of space. Major updates include copper wiring throughout (replacing all aluminum wiring), updated plumbing, and an HRV system. With its prime location, generous layout, and strong rental potential, this property is a great investment opportunity.
Price History
Schools
Elementary
- Ecole Gron Morgan Public School1.1 km
Public · Lakehead DSB · 770 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 58% met the provincial standard
- Bishop E. Q. Jennings Senior Elementary School1.2 km
Catholic · Thunder Bay CDSB · 260 students
- Corpus Christi Catholic Elementary School1.4 km
Catholic · Thunder Bay CDSB · 265 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 66% met the provincial standard
Secondary
- Hammarskjold High School2 km
Public · Lakehead DSB · 960 students
Grade 10 literacy: 88% met the provincial standard
- École secondaire catholique de La Vérendrye2.7 km
French Catholic · CSDC des Aurores boréales · 135 students
Grade 10 literacy: 90% met the provincial standard
- Superior Collegiate and Vocational Institute3.3 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
- $415,000
- Homes sold
- 283
- Median days on market
- 14
- Sale-to-list price
- 107.1%
Based on 283 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
$75,000
Estimated Monthly Payment
$1,842
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: $1,842/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $94/mo
Estimates only. Consult a financial advisor.
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