$435,000

For sale

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221 Balsam Street, Thunder Bay (Shuniah) - Single Family for Sale

221 Balsam Street, Thunder Bay (Shuniah), Ontario, P7A5N4

3 beds2 baths4 parking ft²

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4 bd2 ba4 pk1,750 ft²Lot size 56 × 150 ft (8,400 sq ft)

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For sale

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3 bd2 ba4 pk1,300 ft²Lot size 48 × 112 ft (5,376 sq ft)

Listed by REMAX Generations Realty

Investment analysis

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$435,000

Thunder Bay

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Description

Sitting on a 66 ft wide lot, this bungalow offers an updated kitchen with wood aspen cabinets. The kitchen provides access to the deck and flows nicely into the large living room, which features hardwood floors beneath the carpet. The main floor boasts a stunning updated bathroom and 3 good-sized bedrooms. The partially finished basement offers a great layout and includes a 2-piece bathroom, ready for updates. Additional updates include roof (2023), Furnace / AC. Furnace/AC (2016), windows (2011) , fencing (2024), concrete front stairs, new stove, fridge and microwave. (id:66096)

Property Details

MLS®: X14097382
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 66 × 107 ft (7,082 sq ft)
Frontage: 66 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, N/A
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,961.66/yr
Listed: 15 days ago

Rooms

Main level

Kitchen: 5.69 x 2.35 meters
Living room: 5.69 x 3.45 meters
Primary Bedroom: 3.35 x 3.51 meters
Bedroom 2: 2.74 x 2.96 meters
Bedroom 3: 3.35 x 2.74 meters

Lower level

Recreational, Games room: 8.53 x 3.41 meters

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

Market Timing

Days on market

15d

Thunder Bay (Shuniah) listings, avg age

32d

Price / ft²

$483

List price

$435K

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.

Area context

Neighbourhood profile (P7A)

This home lists at $435,000, about 5.5× the local median household income of $78,500.

Carrying it typically needs a household income of about $84,971 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.

Median household income: $78,500
Population: 28,587
Median age: 47.2
Owner / renter: 69% / 31%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P7A)

$435,000· $483/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $21,750

Min 5%50%

Mortgage payment$2,291/mo

↳ CMHC premium ($16,530 capitalized)

Property tax (est.)$330/mo

Total monthly$2,621

Cash Needed to Close

Down payment (5%)$21,750

Land transfer tax$5,175

Est. closing costs$3,805

Total cash needed$30,730

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

221 Balsam Street, Thunder Bay (Shuniah) - Single Family for Sale

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Description

Property Details

Rooms

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Market Timing

Location

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Neighbourhood profile (P7A)

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