221 Balsam Street, Thunder Bay

$435,000
221 Balsam Street

$435,000

New
3d
DetachedBungalow

221 Balsam Street, Thunder Bay

Total Monthly Obligation $2,460

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
3d
Yield
6.9%
Cash on Cash
4.0%
Cap Rate
5.4%
5Y IRR
18.7%
10Y IRR
17.2%
Property Type-Detached
MLS® Number-X14097382
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-66 × 107.3 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,961.66 (2026)
Parking-4 - Detached
Basement-Partially Finished
Heating-Forced Air (Other)
Brokerage-Royal LePage® Lannon Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Wood
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Immediate
Neighbourhood-Shuniah
Title-Residential Freehold

No agent assigned

Sitting on a 66 ft wide lot, this bungalow offers an updated kitchen with wood aspen cabinets. The kitchen provides access to the deck and flows nicely into the large living room, which features hardwood floors beneath the carpet. The main floor boasts a stunning updated bathroom and 3 good-sized bedrooms. The partially finished basement offers a great layout and includes a 2-piece bathroom, ready for updates. Additional updates include roof (2023), Furnace / AC. Furnace/AC (2016), windows (2011) , fencing (2024), concrete front stairs, new stove, fridge and microwave.

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Closing Costs

Mortgage Amount
$348,000
Land Transfer Taxes$5,175
Legal Fees (Est.)
$
Total cash required for closing$93,675

Total Monthly Obligation

$2,460/mo
Mortgage $1,755
Monthly Loss $1,998
Principal$462
Interest$1,293
Property Tax$330
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 221 Balsam Street

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