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$585,000
Thunder Bay Remote Area
12 Barnum Lake Road, Thunder Bay Remote Area (Jacques), Ontario, P7G0Z1
This 2-bedroom, 1-bathroom home in Thunder Bay Remote Area is for sale offering roughly 1,300 sq ft of space. Its $585,000 asking price sits right in line with the $585,000 median in Thunder Bay Remote Area. It has been on the market 55 days, fresher than the Thunder Bay Remote Area average of 175 days.
This rustic timber framed 4 season home is only 20 km from Thunder Bay and is situated on Barnum Lake. Bosting over 350' of lake frontage, and a thriving walleye fishery this 2 bedroom home is kept toasty warm by a hydronic heating system and a masonry heater (with bread oven). You'll enjoy cooking in this spacious and well equiped Health Unit inspected (twice yearly) kitchen. As a condition of a food premises rating the well water is also tested twice a year. There is a rustic guest cabin which could easily be upgraded to bring additional rental revenue or add additional recreational space (20'x20'). Also included is a single detached garage. *For Additional Property Details Click The Brochure Icon Below* (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 55 days on market, against an average age of 175 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 99.6 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This 2-bed single family in Thunder Bay Remote Area (Jacques) has been listed for 55 days, which is 120 days fresher than the city average of 175. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $585,000, about 5.0× the local median household income of $117,000.
Carrying it typically needs a household income of about $114,271 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA P7G)
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Loading rates, 30-yr amortization
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