$299,900

For sale

316 Rita Street, Thunder Bay (Current River) - Single Family for Sale

316 Rita Street, Thunder Bay (Current River), Ontario, P7A1H3

2 beds2 baths1 parking900 ft²33 × 120 ft (3,960 sq ft) lot sizeListed 12 days ago

Overview

This 2-bedroom, 2-bathroom home in Thunder Bay is for sale offering roughly 900 sq ft of space. Its $299,900 asking price sits right in line with the $299,900 median in Thunder Bay. It has been on the market 12 days, fresher than the Thunder Bay average of 26 days.

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Description

Bring your vision to life with this Current River bungalow full of potential! Featuring 2 generously sized bedrooms, a full bathroom, and a functional layout on the main floor, this home offers a great opportunity for buyers looking to renovate and make a space their own. The partially finished basement, complete with a separate front entrance, provides amazing potential for an in-law suite, additional living space, or rental versatility. Outside, enjoy a fully fenced yard with plenty of room to create your ideal outdoor oasis. Whether you're a first-time buyer, renovator, or investor, this property is ready for its next chapter! Conveniently located near local schools, outdoor parks, recreation trails, and all amenities. (id:66096)

Property Details

MLS®: X14110424
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 900 ft²
Lot Size: 33 × 120 ft (3,960 sq ft)
Frontage: 33 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 5.22 x 3.44 meters
Kitchen: 3.05 x 3.66 meters
Dining room: 2.99 x 3.66 meters
Primary Bedroom: 3.99 x 3.44 meters
Bedroom: 3.17 x 2.65 meters

Basement

Den: 6.83 x 2.84 meters
Recreational, Games room: 2.8 x 3.72 meters
Workshop: 2.71 x 5.79 meters
Laundry room: 5.55 x 2.9 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Thunder Bay (Current River) listings, avg age

26d

Price / ft²

$333

List price

$300K

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 2-bed single family in Thunder Bay (Current River) has been listed for 12 days, which is 14 days fresher than the city average of 26. Act while there is still low competition.

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Listed by REMAX Generations Realty · Kelsey Belluz

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P7A)

This home lists at $299,900, about 3.8× the local median household income of $78,500.

Carrying it typically needs a household income of about $58,581 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$299,900· $333/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,995

Min 5%50%

Mortgage payment$1,580/mo

↳ CMHC premium ($11,396 capitalized)

Property tax (est.)$272/mo

Total monthly$1,852

Cash Needed to Close

Down payment (5%)$14,995

Land transfer tax$2,974

Est. closing costs$3,400

Total cash needed$21,369

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