Listed for:Listed 16 days ago
$949,000

477 Hwy 586

Thunder Bay (East End), ON P0T 2T0

Rural Residential For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 477 Hwy 586, Thunder Bay, East End

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 477 Hwy 586, Thunder Bay, East End

Summarized Description

  • Stunning waterfront home on Lake Shebandowan
  • Rustic charm with modern conveniences
  • Private dock for lakeside relaxation
  • Luxurious primary suite with ensuite
  • Indoor cedar sauna for ultimate relaxation
  • Radiant heating for year-round comfort
  • Spacious lower level with family room
  • High-quality finishes throughout the home

Visit the REALTOR website for further information about this Listing. Stunning Waterfront Retreat on Lake Shebandowan. Experience the ultimate in lakeside living with this breathtaking year-round home on the serene shores of Lake Shebandowan. Designed for comfort, style, and relaxation, this property seamlessly blends rustic charm with modern conveniences. Featuring real log siding, soaring vaulted ceilings finished with knotty pine, and a cozy propane fireplace in the great hall, this home exudes warmth and character. Enjoy unparalleled outdoor living with a wrap-around main floor deck that offers stunning lake views, a lower-level stone patio perfect for entertaining, and a private 40-foot dock where you can soak in the tranquility of the water. The main floor boasts two spacious bedrooms, including a luxurious primary suite with an ensuite bathroom and a generous walk-in closet. The modern kitchen is a chef's dream, complete with custom cabinetry, new stainless-steel appliances, and high-end finishes that make every meal a delight. The fully finished lower level provides additional living space with a walkout to the stone patio, a large family room, and additional bedrooms. Indulge in ultimate relaxation with an indoor cedar sauna featuring pine benches, adjacent to a shower room finished with sleek porcelain tile. The home is designed for year-round comfort, offering radiant in-floor heating, a forced air furnace, and an air-tight wood fireplace to keep you warm during the colder months. High-quality finishes such as Brazilian teak hardwood flooring, solid pine interior doors, and ceramic tile accents throughout add to the home's appeal. A 22kW automatic backup generator ensures uninterrupted power, providing peace of mind no matter the season. This waterfront paradise is more than just a home - it's a retreat where you can enjoy peaceful mornings by the lake, cozy evenings by the fire, and a lifestyle that embraces nature.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$2,852
Land Transfer Tax Fee
$15,455

Basement Type
Finished with Walk-Out, Separate Entrance

Interior Features

Laundry Level
Main Level
Interior Extras
Air Exchanger, Carpet Free, ERV/HRV, Floor Drain, Primary Bedroom - Main Floor, Propane Tank, Sauna, Separate Heating Controls, Sump Pump, Water Heater Owned
View
Lake, River
Security Features
Carbon Monoxide Detectors, Smoke Detector
Fireplace/Stove
Yes
Fireplace Features
Natural Gas, Wood, Wood Stove
Elevator
No

Exterior Features

Exterior Extras
Deck, Landscaped
Pool
None
Property Features
Clear View, Lake Access, Lake/Pond, Rec./Commun.Centre, Waterfront

Building

Building Type
Rural Residential
Building Style
2-Storey
Approx Age
6-15

Construction

Exterior Finish
Log, Wood
Roof
Metal
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
99.00 ft
Lot Depth
300.00 ft

Inclusions

Inclusions
New appliances

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
6
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Radiant
Air Conditioning
Central Air
Water
Well
Sewers
Septic
Natural Gas
No
Hydro
Yes
Cable
No
Telephone
Available

Bedrooms
2 + 2
Washrooms
3
Kitchens
2

Room sizes

  • Common Room—
    Basement level
  • Kitchen—
    Ground level
  • Breakfast—
    Ground level
  • Primary Bedroom—
    Ground level
  • Bedroom 2—
    Ground level
  • Laundry—
    Ground level
  • Bedroom 3—
    Basement level
  • Bathroom—
    Ground level
  • Foyer—
    Ground level
  • Bathroom—
    Ground level
  • Great Room—
    Ground level
  • Bedroom 4—
    Basement level

Washrooms

  • 3-piece, Ground
  • 2-piece, Basement

Municipality
Thunder Bay
Neighbourhood
East End
Main cross streets
West HWy 11
Zoning
RU
Directions
West HWy 11
Waterfront
Direct

MLS® number
X13841962
Data source
Toronto Regional Real Estate Board
Listed on
2026-09-29
Updated on
2026-09-30
Days on market
16 days
Possession type
Immediate
Co-op commission
Seller will negotiate; $2 Listing Brokerage
Seller
Listed by
EASY LIST REALTY LTD.

Home Market Value

Current home valuation for 477 Hwy 586, Thunder Bay, East End, Thunder Bay, ON. Listed for $949,000

HOMEH Estimate

?

$910,000

Estimated Sales Range

?

$546,000 - $1,274,000

HOMEH Estimate for 477 Hwy 586, Thunder Bay, East End

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

$910,000Low confidence
Based on 15 comparable properties
+ $39,000 (4%) above our estimate
See the full analysisFree Every recent nearby sale behind this number
Approximate location — within this area
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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Thunder Bay, ON
Minimum Down Payment Required:7.4%

5% on first $500K + 10% on $449,000 over $500K

Minimum down payment

$69,900

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$35,151$26,477$22,586$0
=Total mortgage
$913,925$880,577$829,236$759,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$4,462monthly$4,299monthly$4,049monthly$3,707monthly
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Land Transfer Tax

Provincial

$15,455

Total Land Transfer Tax

$15,455

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