$209,000

For sale

109 Ontario Street, Thunder Bay (Court / Cumberland), Ontario, P7B3G1

3 bd1 ba4 pk350 ft²Lot size 45 × 124 ft (5,580 sq ft)

Listed by Century 21 Superior Realty Inc.

322 Cornwall Avenue, Thunder Bay (Court / Cumberland), Ontario, P7B1T1

For saleJust listed

Yesterday

$320K

322 Cornwall Avenue, Thunder Bay (Court / Cumberland), Ontario, P7B1T1

4 bd2 ba3 pk1,300 ft²Lot size 35 × 116 ft (4,048 sq ft)

Listed by Royal LePage® Lannon Realty

413 Ambrose Street, Thunder Bay (Court / Cumberland), Ontario, P7B1M3

For saleJust listed

5 days ago

$490K

413 Ambrose Street, Thunder Bay (Court / Cumberland), Ontario, P7B1M3

4 bd2 ba2 pk1,750 ft²Lot size 33 × 100 ft (3,300 sq ft)

Listed by REMAX First Choice Realty Ltd.

169 Machar Avenue, Thunder Bay (Court / Cumberland), Ontario, P7B2Y7

For saleJust listed

5 days ago

$150K

169 Machar Avenue, Thunder Bay (Court / Cumberland), Ontario, P7B2Y7

4 bd1 ba2 pk900 ft²Lot size 50 × 122 ft (6,100 sq ft)

Listed by Royal LePage® Lannon Realty

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$209,000

Thunder Bay

Book a showing

12 Machar Avenue, Thunder Bay (Court / Cumberland) - Single Family for Sale

12 Machar Avenue, Thunder Bay (Court / Cumberland), Ontario, P7B2Y3

3 beds2 baths30 × 125 ft (3,750 sq ft) lot sizeListed 107 days ago

Overview

This 3-bedroom, 2-bathroom home in Thunder Bay is for sale. Listed at $209,000, it is attractively priced about 35% below the $320,000 median asking price in Thunder Bay.

Houses for Sale in Thunder Bay →All real estate in Thunder Bay →

Description

New Listing. Looking to add to your investment portfolio without breaking the bank? This affordable 2-storey home is an excellent opportunity for investors seeking immediate rental income. Already tenant occupied with reliable rent-paying tenants, this property offers the kind of investment every landlord is searching for. Featuring 1,078 sq. ft., the home offers 3 bedrooms, a full 4-piece bathroom upstairs, plus a convenient main floor powder room. The functional layout provides comfortable living space, while the fenced backyard adds outdoor enjoyment and privacy for tenants. Two off-street parking spaces offer added convenience and value. With low property taxes, great rental appeal, and an affordable purchase price, this is an ideal opportunity for investors looking to generate cash flow or expand their rental portfolio. Whether you're a seasoned investor or purchasing your first income property, this property checks all the right boxes. Affordable. Tenant occupied. Income generating. Here's an Opportunity, book your viewing today! (id:66096)

Property Details

MLS®: X13585980
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Lot Size: 30 × 125 ft (3,750 sq ft)
Frontage: 30 ft
Storeys: 2
Basement: Other, See Remarks, N/A
Heating: Forced air, Natural gas
Garage: No Garage
Ownership: Freehold
Property Tax: $1,673.13/yr
Listed: 107 days ago

Rooms

Main level

Other
Living room: 3.44 x 4.91 meters
Kitchen: 3.47 x 3.56 meters
Bedroom 3

Second level

Bathroom
Primary Bedroom
Bedroom 2: 2.52 x 4.02 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: All, Washer, Refrigerator, Stove, Dryer
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Cable, Telephone, Natural Gas Available, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

107d

Thunder Bay (Court / Cumberland) listings, avg age

67d

List price

$209K

Homes here sell faster than most markets

Sold homes in this market spent an average of 24 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 107.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Thunder Bay (Court / Cumberland) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Set a price alert Book a showing

Listed by Re/Max First Choice Realty Ltd. · Elsie Tommasini

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P7B)

This home lists at $209,000, about 3.0× the local median household income of $70,000.

Carrying it typically needs a household income of about $40,825 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $70,000
Population: 22,675
Median age: 40.8
Owner / renter: 55% / 45%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P7B)

$209,000

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $10,450

Min 5%50%

Mortgage payment$1,101/mo

↳ CMHC premium ($7,942 capitalized)

Property tax (est.)$139/mo

Total monthly$1,240

Cash Needed to Close

Down payment (5%)$10,450

Land transfer tax$1,815

Est. closing costs$3,127

Total cash needed$15,392

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice