344 Cornwall Avenue, Thunder Bay

$320,000
344 Cornwall Avenue

$320,000

New
24d
DetachedBungalow

344 Cornwall Avenue, Thunder Bay

Total Monthly Obligation $1,935

HausQ Valuation Report
Beds
4
Baths
2
Park
2
Sqft
700-1100
DOM
24d
Score
48
Yield
9.4%
Cash on Cash
14.1%
Cap Rate
7.6%
5Y IRR
27.0%
10Y IRR
24.3%
Property Type-Detached
MLS® Number-X13841022
Beds-4
Bathrooms-2
Size-700-1100 sqft
Lot Size-41.33 × 88.5 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,230 (2026)
Parking-2 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-REMAX First Choice Realty Ltd.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-30-59 days
Neighbourhood-Court / Cumberland
Title-Residential Freehold

No agent assigned

New Listing. Discover the potential of this nearly 1,100 sq. ft. bungalow in a convenient central location, close to downtown, shopping, and everyday amenities. Just minutes away from the beautiful Hillcrest Park. With four oversized bedrooms, the home offers plenty of space to suit a variety of needs. It could benefit from some personal touches, making it an opportunity for buyers ready to bring their own ideas and updates to the space. Whether you're searching for a home to make your own or a property with investment potential, this one is worth a closer look!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$256,000
Land Transfer Taxes$3,275
Legal Fees (Est.)
$
Total cash required for closing$68,775

Total Monthly Obligation

$1,935/mo
Mortgage $1,291
Monthly Loss $1,595
Principal$340
Interest$951
Property Tax$269
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
6.0%50
Cash-on-Cash
5.5%24
5-Year IRR
20.3%92
10-Year IRR
19.1%
Returns Index
56.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
48/ 100
Poor•Caution

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
$19,270/yr
Net Cash Flow
$315/mo
Cash Margin
12.6%38
Cash Flow Index
38.2/ 100
Risk Profile
Weight: 20%
DSCR
1.2449
LTV Ratio
80.0%18
Vacancy Buffer
4.9 mo82
Risk Index
49.7/ 100

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

Comparables

Properties near 344 Cornwall Avenue

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.