$949,000

For sale

477 HWY 586, Thunder Bay - Single Family for Sale

477 HWY 586, Thunder Bay, Ontario, P0T2T0

4 beds3 baths6 parking3,250 ft²99 × 300 ft (29,700 sq ft) lot sizeListed 35 days ago

Overview

This 4-bedroom, 3-bathroom home in Thunder Bay is for sale offering roughly 3,250 sq ft of space. It has been on the market 35 days, fresher than the Thunder Bay average of 108 days.

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Description

Visit the REALTOR website for further information about this Listing. Stunning Waterfront Retreat on Lake Shebandowan. Experience the ultimate in lakeside living with this breathtaking year-round home on the serene shores of Lake Shebandowan. Designed for comfort, style, and relaxation, this property seamlessly blends rustic charm with modern conveniences. Featuring real log siding, soaring vaulted ceilings finished with knotty pine, and a cozy propane fireplace in the great hall, this home exudes warmth and character. Enjoy unparalleled outdoor living with a wrap-around main floor deck that offers stunning lake views, a lower-level stone patio perfect for entertaining, and a private 40-foot dock where you can soak in the tranquility of the water. The main floor boasts two spacious bedrooms, including a luxurious primary suite with an ensuite bathroom and a generous walk-in closet. The modern kitchen is a chef's dream, complete with custom cabinetry, new stainless-steel appliances, and high-end finishes that make every meal a delight. The fully finished lower level provides additional living space with a walkout to the stone patio, a large family room, and additional bedrooms. Indulge in ultimate relaxation with an indoor cedar sauna featuring pine benches, adjacent to a shower room finished with sleek porcelain tile. The home is designed for year-round comfort, offering radiant in-floor heating, a forced air furnace, and an air-tight wood fireplace to keep you warm during the colder months. High-quality finishes such as Brazilian teak hardwood flooring, solid pine interior doors, and ceramic tile accents throughout add to the home's appeal. A 22kW automatic backup generator ensures uninterrupted power, providing peace of mind no matter the season. This waterfront paradise is more than just a home - it's a retreat where you can enjoy peaceful mornings by the lake, cozy evenings by the fire, and a lifestyle that embraces nature. (id:66096)

Property Details

MLS®: X13841962
Property Type: Single Family
Zoning: RU
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 3
Half Baths: 1
Parking: 6
Interior Size: 3,250 ft²
Lot Size: 99 × 300 ft (29,700 sq ft)
Frontage: 99 ft
Storeys: 2
Basement: Finished, Separate entrance, Walk out, N/A, N/A
Heating: Radiant heat, Natural gas
Cooling: Central air conditioning, Air exchanger
Garage: No Garage
Fireplace: Yes

Rooms

Ground level

Primary Bedroom: 4 x 4 meters
Bathroom: 3 x 1.5 meters
Great room: 5 x 6 meters
Eating area: 2.5 x 2.5 meters
Kitchen: 4 x 3 meters
Bedroom 2: 4 x 4 meters
Foyer: 2 x 1.5 meters
Laundry room: 3 x 3 meters
Bathroom: 3 x 1.5 meters

Basement

Bedroom 3: 4 x 4 meters

Features

Appliances: Water Heater
Foundation: Poured Concrete
Exterior: Wood, Log
Lot Features: Lane, Carpet Free, Country residential, Sump Pump, Sauna

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Electricity, Telephone, Wireless, Electricity Connected

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Thunder Bay listings, avg age

108d

Price / ft²

$292

List price

$949K

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 has been listed for 35 days, which is 73 days fresher than the city average of 108. Act while there is still low competition.

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Listed by EASY LIST REALTY LTD. · SOPHIE ALEGRA GITERMAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P0T)

This home lists at $949,000, about 12.3× the local median household income of $77,000.

Carrying it typically needs a household income of about $185,373 (20% down, 25-yr amortization, stress-tested) — roughly 141% above the area median.

Median household income: $77,000
Population: 32,000
Median age: 45.6
Owner / renter: 84% / 16%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P0T)

$949,000· $292/ft²

For sale

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Full Cost Breakdown

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Down Payment7.37% · $69,900

Min 7.37%50%

Mortgage payment$4,874/mo

↳ CMHC premium ($35,164 capitalized)

Property tax (est.)$238/mo

Total monthly$5,112

Cash Needed to Close

Down payment (7.37%)$69,900

Land transfer tax$15,455

Est. closing costs$5,347

Total cash needed$90,702

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