$289,900

For sale

345 Syndicate Avenue North, Thunder Bay (McKeller Park) - Single Family for Sale

345 Syndicate Avenue North, Thunder Bay (McKeller Park), Ontario, P7C3W4

4 beds2 baths2 parking1,750 ft²25 × 98 ft (2,438 sq ft) lot sizeListed 79 days ago

Overview

This 4-bedroom, 2-bathroom home in Thunder Bay is for sale offering roughly 1,750 sq ft of space. Its $289,900 asking price sits right in line with the $300,000 median in Thunder Bay. It has been on the market 79 days, fresher than the Thunder Bay average of 112 days.

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Description

Welcome to 345 Syndicate Avenue North in McKellar Park. This solid brick duplex offers an excellent opportunity for investors looking for an income-producing property to add to their portfolio. Featuring 4 bedrooms, 2 bathrooms, high ceilings on the main floor, new flooring, a spacious and bright loft, this property has been refreshed throughout. Each unit offers its own laundry, along with two hot water tanks and separate meters. There is also two-car parking at the rear. With its solid construction, functional layout, separate utilities, and convenient location close to many amenities, 345 Syndicate Avenue N is a fantastic opportunity to add a turnkey income-producing property to your portfolio. (id:66096)

Property Details

MLS®: X13682300
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 25 × 98 ft (2,438 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Full
Heating: Forced air, Natural gas
Garage: No Garage
Ownership: Freehold
Property Tax: $2,876.04/yr
Listed: 79 days ago

Rooms

Second level

Other
Bedroom 2: 3.41 x 8.22 meters
Bedroom 3: 3.29 x 3.35 meters
Kitchen: 4.93 x 2.46 meters
Living room: 5.57 x 2.77 meters

Basement

Bedroom: 3.07 x 5.21 meters

Main level

Living room: 4.48 x 3.68 meters
Primary Bedroom: 3.38 x 3.32 meters
Kitchen: 4.17 x 3.13 meters
Bathroom

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

Features

Appliances: All
Exterior: Brick

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

79d

Thunder Bay (McKeller Park) listings, avg age

112d

Price / ft²

$166

List price

$290K

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 4-bed single family in Thunder Bay (McKeller Park) has been listed for 79 days, which is 33 days fresher than the city average of 112. Act while there is still low competition.

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Listed by Royal LePage® Lannon Realty · Carrie Costa

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P7C)

This home lists at $289,900, about 4.0× the local median household income of $72,500.

Carrying it typically needs a household income of about $56,628 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $72,500
Population: 21,695
Median age: 42.4
Owner / renter: 68% / 32%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA P7C)

$289,900· $166/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,495

Min 5%50%

Mortgage payment$1,527/mo

↳ CMHC premium ($11,016 capitalized)

Property tax (est.)$240/mo

Total monthly$1,767

Cash Needed to Close

Down payment (5%)$14,495

Land transfer tax$2,824

Est. closing costs$3,370

Total cash needed$20,689

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