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