$535,000
Est. payment $2,369/moCalculate yours
218 Powley Street, Thunder Bay, ON P7A 2K9
Court / Cumberland, Thunder Bay, ON P7A 2K9
- 1,822 Sq Ft
Listing courtesy of RE/MAX FIRST CHOICE REALTY LTD. MLS® X13635676
About this home
New Listing. Live in one unit while your tenants help pay the mortgage! Whether you’re a first-time buyer, investor, or looking to enter the rental market, this well-maintained income property offers an outstanding opportunity. The spacious owner-occupied bungalow features a comfortable 3-bedroom layout with a bright and inviting living room, separate dining area, and a large kitchen offering plenty of cabinet and workspace. An exceptional detached garage provides ample room for vehicles, hobbies, or additional storage. The property offers three self-contained units in total, including the owner’s living quarters. The two additional rental suites each feature their own private entrance, kitchen, and 4-piece bathroom, with shared access to the laundry area, creating an excellent opportunity to generate steady rental income while enjoying the comfort of your own home. Whether you’re looking to offset your mortgage, purchase your first home, enter the rental market, or expand your investment portfolio, this versatile property offers flexibility and excellent income potential. Located on the city’s desirable north side, you’ll enjoy easy access to Boulevard Lake, scenic walking trails, parks, schools, shopping, and everyday amenities. A rare opportunity to own a well-maintained income property that allows you to live comfortably while generating rental income. Whether you’re a first-time buyer, aspiring landlord, or seasoned investor, this property offers the perfect combination of homeownership and investment potential. Let’s Book Your Viewing, Call Today.
Property details
Overview
- Property Type
- Duplex
- For
- For Sale
- Status
- New
- Size
- 1,822 sqft
Interior
- Basement
- Full
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Other
- Exterior
- Unknown
- Foundation
- Block
- Roof
- Asphalt Rolled
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 52 x 120 Feet
- Parking
- None garage
- Zoning
- Urban Low Rise Zone
Financial
- Property Taxes
- $5,363 (2026)
Location
- Neighbourhood
- Court / Cumberland
- Cross Street
- Between Court St. and Cumberland
- Direction Faces
- North
Listing
- MLS® Number
- X13635676
- Days on Market
- 76
- Listed On
- 2026-08-03
- Possession
- Flexible
- Listed By
- RE/MAX FIRST CHOICE REALTY LTD.
Features
Interior
- Other
Pool
- None
- Included
- 3 x Fridges, 3 x Stoves, 2 Built-In Microwaves, Washer, Dryer, Upright Freezer, + Reach In Freezer. All Appliances AS IS
Mortgage calculator
Estimated mortgage payment
$2,369 per month
- Principal and interest
- $2,369
- Property tax
- $447
- Condo fees
- $0
- Estimated monthly cost
- $2,816
Your mortgage
- Mortgage amount
- $428,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $282,659
Cash to close
- Down payment
- $107,000
- Land transfer tax
- $7,175
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $114,175
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
This photo could not be loaded.