$ 535,000

218 Powley Street, Thunder Bay

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. (id:1945)
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Property details for 218 Powley Street, Thunder Bay

Type
Residential
Style
Bungalow
Bedrooms
5
Bathrooms
3
Living Area
1,822 square feet
Lot Size
52 x 120 FT
Stories
1
Basement
Partially finished, Full
Parking
Detached Garage, Garage
Heating
Forced air, Natural gas
Ownership
Freehold
Annual Taxes
$5,363

Nearby Listings Stat

Estimated price and comparable properties near 218 Powley Street

Active Listings
1
Min Price
$535,000
Max Price
$535,000
Avg Price
$535,000
Days on Market
79
days
Sold Listings
1
Min Sold Price
$385,000
Max Sold Price
$385,000
Avg Sold Price
$385,000
Days until Sold
22
days

Neighbourhood Census Data

Thunder Bay, Ontario

Population
555
Median Age
41.4
Median Income
$29,632
Dwelling Value
$174,249

Housing Tenure

Owners 56%
Renters 44%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2
Pop. Density: 3,061.2/km²
Avg Shelter Cost: $810/mo
Owners with Mortgage: 48.3%
Owners Spending 30%+: 17.2%
Tenants Spending 30%+: 56.5%
English only: 91.9%
English and French: 8.1%
Neither: 0.9%
Median Household Income: $46,464
Median Employment Income: $30,208

Price History

Listed
August 4, 2026
by RE/MAX FIRST CHOICE REALTY LTD.
Current Price
$535,000
Type
Residential
For Sale
218 Powley Street

Contact Agent Get in touch about 218 Powley Street, Thunder Bay

ELSIE TOMMASINI
ELSIE TOMMASINI
RE/MAX FIRST CHOICE REALTY LTD.