6 Macdonald Avenue
Terrace Bay, ON
- 3 bed
- 2 bath
- approx. 700-1100 sqft
- Detached
- 171 days on market
Rare income-generating opportunity in Terrace Bay. This 1,053 SF updated 3-bedroom, 2-bathroom home features a bright above-ground walk-out basement suite, making it ideal for buyers looking to live in the main home while using the lower unit to help offset the mortgage and carrying costs. The upper level offers 2 bedrooms, 1 bathroom, a fully renovated kitchen with new cabinets, countertops, sink, appliances, and washing machine, plus fresh paint and new laminate flooring. The lower level includes a separate 1-bedroom, 1-bathroom suite with its own laundry, updated laminate flooring, and large windows that make the space feel bright and welcoming. Situated on a large lot, this property also features a new tin roof and plenty of flexibility for homeowners, investors, or multi-generational living. A rare chance to own a move-in-ready home with built-in income potential. *For Additional Property Details Click The Brochure Icon Below*
Listing Details
- Taxes (2025)
- $2,492
- Originally Listed
- $229,000
- Listed
- March 23, 2026
Price History
Property
- Style
- Bungalow-Raised
- Construction
- Brick Front
- Roof
- Metal
- Foundation
- Concrete
- Interior
- In-Law Suite
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Oil
Location & Legal
- Cross Street
- Highway 17
- Parcel Number
- 624570232
- Possession
- Immediate
- Occupancy
- Vacant
Included
- Inclusions
- Fridge x2, Stove x2, Dishwasher, Washer x2, Dryer x2, Window coverings /blinds, Light fixtures, Furnace, Hot water tank.
Schools
Elementary
- École catholique Franco-Terrace0.4 km
French Catholic · CSDC des Aurores boréales
- St Martin Catholic School0.4 km
Catholic · Superior North CDSB · 60 students
- Terrace Bay Public School0.6 km
Public · Superior-Greenstone DSB · 60 students
Secondary
- Lake Superior High School0.6 km
Public · Superior-Greenstone DSB · 125 students
Grade 10 literacy: 81% 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 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.
Rooms
2 × 4-piece
Main
- Bathroom9'2" x 5'10"
- Bedroom 212'7" x 9'7"
- Kitchen12'9" x 12'5"
- Living Room11'9" x 19'1"
- Primary Bedroom11'9" x 13'4"
Basement
- Bathroom7'3" x 5'
- Bedroom11'5" x 10'7"
- Kitchen12'5" x 9'2"
- Living Room12'5" x 17'7"
Listed by
ICI SOURCE REAL ASSET SERVICES INC.
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Street View
Mortgage Calculator
$43,980
Estimated Monthly Payment
$1,080
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: $1,080/mo (20% down, 5.5%)
Taxes: $208/mo · Insurance: $55/mo
Estimates only. Consult a financial advisor.
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