218 Powley ST
Thunder Bay, Ontario
- 5 bed
- 3 bath
- Single Family
New Listing. Live in one unit while your tenants help pay the mortgage! Whether you're a first-time buyer, investor, or looking to enter the rental market, this well-maintained income property offers an outstanding opportunity. The spacious owner-occupied bungalow features a comfortable 3-bedroom layout with a bright and inviting living room, separate dining area, and a large kitchen offering plenty of cabinet and workspace. An exceptional detached garage provides ample room for vehicles, hobbies, or additional storage. The property offers three self-contained units in total, including the owner's living quarters. The two additional rental suites each feature their own private entrance, kitchen, and 4-piece bathroom, with shared access to the laundry area, creating an excellent opportunity to generate steady rental income while enjoying the comfort of your own home. Whether you're looking to offset your mortgage, purchase your first home, enter the rental market, or expand your investment portfolio, this versatile property offers flexibility and excellent income potential. Located on the city's desirable north side, you'll enjoy easy access to Boulevard Lake, scenic walking trails, parks, schools, shopping, and everyday amenities. A rare opportunity to own a well-maintained income property that allows you to live comfortably while generating rental income. Whether you're a first-time buyer, aspiring landlord, or seasoned investor, this property offers the perfect combination of homeownership and investment potential. Let's Book Your Viewing, Call Today.
Price History
Schools
Secondary
- St Ignatius High School0.4 km
Catholic · Thunder Bay CDSB · 1045 students
Grade 10 literacy: 85% met the provincial standard
- Superior Collegiate and Vocational Institute2.2 km
Public · Lakehead DSB · 685 students
Grade 10 literacy: 76% met the provincial standard
- École secondaire catholique de La Vérendrye2.4 km
French Catholic · CSDC des Aurores boréales · 135 students
Grade 10 literacy: 90% met the provincial standard
Elementary
- St James Public School1.5 km
Public · Lakehead DSB · 205 students
Grade 6 math: 40% met the provincial standard
- École catholique Franco-Supérieur1.6 km
French Catholic · CSDC des Aurores boréales · 310 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 81% met the provincial standard
- Claude E Garton Public School1.8 km
Public · Lakehead DSB · 430 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 80% 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
- $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
$107,000
Estimated Monthly Payment
$2,628
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: $2,628/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $134/mo
Estimates only. Consult a financial advisor.
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