129 HERON Street, Thunder Bay

$279,900
129 HERON Street

$279,900

New
36d
Detached1 1/2 Storey

129 HERON Street, Thunder Bay

Total Monthly Obligation $1,687

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
700-1100
DOM
36d
Score
69
Yield
10.7%
Cash on Cash
20.9%
Cap Rate
9.1%
5Y IRR
32.8%
10Y IRR
29.5%
Property Type-Detached
MLS® Number-X13803236
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-25 × 115 ft
Listed on site-Sep 17, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$2,190 (2025)
Parking-2 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-Re/Max Generations Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Stucco (Plaster), Aluminum Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-IMMEDIATE
Neighbourhood-East End
Title-Residential Freehold

No agent assigned

Welcome to 129 Heron Street! This solid 1 1/2-storey home offers 3 bedrooms, 2 bathrooms, and 2 kitchens, making it ideal for first-time buyers, growing families, or those seeking flexible living space. The basement features a separate open-concept kitchen and living area, full bathroom, and additional space perfect for extended family or guests. Enjoy a fully fenced backyard, convenient back-lane parking, and major updates, including windows (within the last 10 years), furnace, central air conditioning, and hot water tank. Offering great value, versatile living, and plenty of potential, this home is ready for its next owner.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$223,920
Land Transfer Taxes$2,674
Legal Fees (Est.)
$
Total cash required for closing$60,154

Total Monthly Obligation

$1,687/mo
Mortgage $1,129
Monthly Loss $1,389
Principal$297
Interest$832
Property Tax$183
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
7.3%65
Cash-on-Cash
11.2%58
5-Year IRR
25.0%98
10-Year IRR
23.1%
Returns Index
75.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeB
69/ 100
Fair•Hold / Negotiate

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,000/yr
NOI
$20,310/yr
Net Cash Flow
$563/mo
Cash Margin
22.5%82
Cash Flow Index
81.9/ 100
Risk Profile
Weight: 20%
DSCR
1.5073
LTV Ratio
80.0%18
Vacancy Buffer
5.5 mo88
Risk Index
59.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 129 HERON Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Data last updated within the past 24 hours.