Listed for:Listed Aug 3, 2026
$535,000

218 Powley Street

Thunder Bay (Court / Cumberland), ON P7A 2K9

Multiplex For Sale
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Sale & Price History for 218 Powley Street, Thunder Bay, Court / Cumberland

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 218 Powley Street, Thunder Bay, Court / Cumberland

Summarized Description

  • Income property with three self-contained units.
  • Spacious owner-occupied bungalow with 3 bedrooms.
  • Detached garage for vehicles and storage.
  • Generates rental income to offset mortgage.
  • Desirable location near parks and amenities.
  • Excellent opportunity for first-time buyers.
  • Well-maintained with flexible investment potential.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$5,363
Land Transfer Tax Fee
$7,175

Basement Type
Full

Interior Features

Interior Extras
Other
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex

Construction

Exterior Finish
Unknown
Roof
Asphalt Rolled
Foundation Details
Block
Special Designation
Other

Lot

Lot Front
52.00 ft
Lot Depth
120.00 ft

Inclusions

Inclusions
3 x Fridges, 3 x Stoves, 2 Built-In Microwaves, Washer, Dryer, Upright Freezer, + Reach In Freezer. All Appliances AS IS

Parking & Garages

Garage Type
None
Garage Spaces
0

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Other
Water
Municipal
Sewers
Sewer

Municipality
Thunder Bay
Neighbourhood
Court / Cumberland
Main cross streets
Between Court St. and Cumberland
Zoning
Urban Low Rise Zone
Directions
Between Court St. and Cumberland

MLS® number
X13635676
Data source
tbay
Listed on
2026-08-03
Updated on
2026-08-28
Days on market
83 days
Possession type
Flexible
Co-op commission
2
Seller
Listed by
RE/MAX First Choice Realty Ltd.

Home Market Value

Current home valuation for 218 Powley Street, Thunder Bay, Court / Cumberland, Thunder Bay, ON. Listed for $535,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 218 Powley Street, Thunder Bay, Court / Cumberland

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Thunder Bay, ON
Minimum Down Payment Required:5.3%

5% on first $500K + 10% on $35,000 over $500K

Minimum down payment

$28,500

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$20,244$14,927$12,733$0
=Total mortgage
$526,354$496,427$467,483$428,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$2,570monthly$2,424monthly$2,282monthly$2,090monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$7,175

Total Land Transfer Tax

$7,175

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