403 Churchill Drive W, Thunder Bay

$319,900
403 Churchill Drive W

$319,900

New
8d
DetachedBungalow

403 Churchill Drive W, Thunder Bay

Total Monthly Obligation $1,991

Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
8d
Score
43
Yield
9.4%
Cash on Cash
13.1%
Cap Rate
7.4%
5Y IRR
26.2%
10Y IRR
23.6%
Property Type-Detached
MLS® Number-X14080496
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-55 × 105 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,903.97 (2026)
Parking-2 - None
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-REMAX Generations Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Northwood Park
Title-Residential Freehold

No agent assigned

Welcome to this well-maintained 3-bedroom, 1-bathroom bungalow offering comfortable living, a functional layout, and plenty of potential to make it your own! Proudly cared for over the years, this home is an excellent opportunity for first-time buyers, downsizers, or anyone looking for a solid property with room to add their personal touch. The main floor features three generously sized bedrooms, a full bathroom, and inviting living spaces designed for everyday comfort and convenience. Downstairs, the partially finished basement offers plenty of additional space and endless possibilities, whether you're looking to create a cozy family room, home office, recreational area, or additional living space to suit your needs. With a great foundation to work from, this home provides the perfect opportunity to move in comfortably while making updates at your own pace. Conveniently located close to parks, schools, shopping, walking paths, and a variety of everyday amenities, you'll appreciate everything this neighbourhood has to offer. Whether you're entering the market, looking to downsize, or searching for a home where you can build equity over time, this property offers exceptional potential. Don't miss your chance to make it your own. Shingles (2015), HWT Rental (2020), Furnace (2017).

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%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$255,920
Land Transfer Taxes$3,274
Legal Fees (Est.)
$
Total cash required for closing$68,754

Total Monthly Obligation

$1,991/mo
Mortgage $1,290
Monthly Loss $1,651
Principal$340
Interest$951
Property Tax$325
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.8%48
Cash-on-Cash
4.5%20
5-Year IRR
19.5%91
10-Year IRR
18.5%
Returns Index
53.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
43/ 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
$18,596/yr
Net Cash Flow
$259/mo
Cash Margin
10.4%28
Cash Flow Index
28.4/ 100
Risk Profile
Weight: 20%
DSCR
1.2045
LTV Ratio
80.0%18
Vacancy Buffer
4.7 mo80
Risk Index
47.8/ 100

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

Comparables

Properties near 403 Churchill Drive W

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.

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Data last updated within the past 24 hours.