$367,900

$374,500For salePrice drop↓ $6,600 (2%)

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504 Frederica Street West, Thunder Bay (Westfort) - Single Family for Sale

504 Frederica Street West, Thunder Bay (Westfort), Ontario, P7E3W7

4 beds2 baths parking

1320 Ford Street, Thunder Bay (Westfort), Ontario, P7E2B8

2 bd1 ba2 pk900 ft²Lot size 54 × 118 ft (6,383 sq ft)

Listed by Royal LePage® Lannon Realty

1132 Broadmore Avenue, Thunder Bay (Westfort), Ontario, P7E2Y6

For saleJust listed

2 days ago

$409K

1132 Broadmore Avenue, Thunder Bay (Westfort), Ontario, P7E2Y6

5 bd2 ba1,300 ft²Lot size 75 × 125 ft (9,375 sq ft)

Listed by REMAX First Choice Realty Ltd.

360 Brock Street East, Thunder Bay (Westfort), Ontario, P7E4H5

For saleJust listed

5 days ago

$399K

360 Brock Street East, Thunder Bay (Westfort), Ontario, P7E4H5

3 bd2 ba2 pk900 ft²Lot size 33 × 155 ft (5,115 sq ft)

Listed by Royal LePage® Lannon Realty

251 Francis Street West, Thunder Bay (Westfort), Ontario, P7C4C1

For sale

8 days ago

$418K

251 Francis Street West, Thunder Bay (Westfort), Ontario, P7C4C1

4 bd2 ba3 pk1,300 ft²Lot size 50 × 155 ft (7,694 sq ft)

Listed by REMAX Generations Realty

Investment analysis

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$367,900

Thunder Bay

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50 × 114 ft (5,675 sq ft) lot size

Overview

This 4-bedroom, 2-bathroom home in Thunder Bay is for sale offering roughly 900 sq ft of space. Its $367,900 asking price sits right in line with the $374,900 median in Thunder Bay.

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Description

Turnkey income property in Westfort! This 900 sq.ft. bungalow offers 2 bedrooms and 1 bath on the main level, plus a separate 2-bedroom, 1-bath unit with its own kitchen in the basement - shared laundry serves both units. Fully rented and generating solid income, this is an excellent opportunity for investors. Located in the established Westfort neighbourhood, the property is close to schools, public transit, places of worship, and convenience shopping, with easy access to employment and everyday amenities. (id:66096)

Property Details

MLS®: X13796308
Property Type: Single Family
Zoning: UL
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 2
Parking: 1
Interior Size: 900 ft²
Lot Size: 50 × 114 ft (5,675 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Ownership: Freehold
Property Tax: $2,840/yr
Listed: 48 days ago

Rooms

Main level

Primary Bedroom: 3.66 x 3.05 meters
Bedroom 2: 3.05 x 3.05 meters
Kitchen: 2.44 x 3.05 meters
Living room: 3.66 x 3.66 meters

Basement

Bedroom 3: 3.05 x 3.66 meters
Bedroom 4: 3.05 x 2.44 meters
Kitchen: 3.05 x 4.57 meters
Laundry room: 2.44 x 2.44 meters

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

Features

Foundation: Poured Concrete
Exterior: Brick, Stucco

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

48d

Thunder Bay (Westfort) listings, avg age

36d

Price / ft²

$409

List price

$368K

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 (Westfort) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Royal LePage® Lannon Realty · Johnny Avella

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P7E)

This home lists at $367,900, about 5.4× the local median household income of $68,500.

Carrying it typically needs a household income of about $71,864 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $68,500
Population: 20,897
Median age: 44.4
Owner / renter: 63% / 37%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA P7E)

$367,900· $409/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,395

Min 5%50%

Mortgage payment$1,938/mo

↳ CMHC premium ($13,980 capitalized)

Property tax (est.)$237/mo

Total monthly$2,174

Cash Needed to Close

Down payment (5%)$18,395

Land transfer tax$3,994

Est. closing costs$3,604

Total cash needed$25,993

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