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Thunder Bay, Ontario

5 bed • 2 bath • Single Family

$299,900

Affordable, fully finished, and ready for its next chapter, this well-maintained Hyde Park home offers exceptional value with 2 bedrooms up and 3 bedrooms down, plus a flexible office/storage room in the basement, giving you room to spread out, host family, or generate income. A welcoming foyer leads into a spacious kitchen built for everyday living, and the main floor has been freshly painted for a clean, move-in ready feel. Major updates are already taken care of: vinyl windows, a 2019 furnace, and a 2020 owned hot water tank mean lower carrying costs and peace of mind. Outside, you'll find a carport, a handy storage shed, and additional parking in the back yard accessed off the lane. Positioned on a bus route with easy access across the city, this property has a proven track record as a successful room rental, making it an excellent fit for investors looking to add a producing asset to their portfolio, and it's equally well-suited for a growing family seeking space, function, and affordability in one package. A versatile, functional home in an established Thunder Bay neighbourhood at a price point that's hard to beat.

Price History

Schools

Elementary

  • St Elizabeth Catholic Elementary School0.5 km

    Catholic · Thunder Bay CDSB · 255 students

    Grade 3 reading: 85% met the provincial standard · Grade 6 math: 48% met the provincial standard

  • Pope John Paul II Elementary School0.9 km

    Catholic · Thunder Bay CDSB · 530 students

  • Kingsway Park Public School1 km

    Public · Lakehead DSB · 390 students

    Grade 3 reading: 81% met the provincial standard · Grade 6 math: 30% met the provincial standard

Secondary

  • St Patrick High School0.5 km

    Catholic · Thunder Bay CDSB · 1030 students

    Grade 10 literacy: 76% met the provincial standard

  • TB Catholic Alternative Education0.6 km

    Catholic · Thunder Bay CDSB

  • Lakehead Alternative School1.6 km

    Public · Lakehead DSB

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
$420,000
Homes sold
202
Median days on market
14
Sale-to-list price
107.6%

Based on 202 recorded sales of single family properties in Thunder Bay over the last 12 months.

Walk Score

71

Walk

45

Transit

65

Bike

Scores by Walk Score®

Location

Mortgage Calculator

$59,980

Estimated Monthly Payment

$1,473

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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