Updated Bungalow with Retro Bar and Corner Lot

Property details for 177 Matthews Street, Thunder Bay

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 48 x 112 FT
Stories: 1
Basement: Finished, Full
Parking: No Garage
Heating: Forced air, Natural gas
Cooling: None
Exterior: Brick, Vinyl siding
Ownership: Freehold
Annual Taxes: $3,991 (2025)

That retro time-capsule bar in the basement is the kind of thing you can't fake. It comes with a finished lower level, a big rec room, and a gas fireplace, plus a separate laundry room and storage. Upstairs, the main floor is completely renovated. You get 3 bedrooms, a full bath, and an updated open kitchen with a large island and space for a dining table. Total living space is 1,136 sq ft. This home sits on a corner lot, 48 by 112 feet, with off-street parking for 4 and space to build a garage later. Exterior is brick and vinyl siding, foundation is block and poured concrete. Forced air gas heat, no central air. Municipal water and sanitary sewer. Taxes are $3,991 per year. Location puts you 2.7 km from Marina Park and the waterfront, 2.6 km to Magnus Theatre, and 3 km to Hammarskjold High School. Price is $399,900, which is $10,000 above the nearby median sold price of $389,900 but below the median list price of $369,900. With 5 active listings and homes selling in about 24 days, this one's priced to move.

About 177 Matthews Street, Thunder Bay — Property Score

Prime Location

Score: 65/100

Value

Priced 0% below area median of $399,900 based on 39 comparable properties nearby 70

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

2 bathrooms - typical for similarly priced properties 60

5,376 sqft lot - a standard lot for the area 65

Location

$76K median household income - near the Canadian average of $70K 68

82% of residents hold postsecondary credentials - a highly educated neighbourhood 90

87% homeownership rate - indicating a stable, owner-occupied community 91

94% of residents commute under 30 minutes - excellent commuter accessibility 100

1,864/km² population density - a well-balanced suburban area 89

Market

Just listed - area average is 11 days on market 82

+2.7% median price change over 1 month - stable pricing in the area 64

11.8 months of housing supply - 59 active listings with 5 sold last month (buyer's market) 40

Features

4-car garage - more than the area average of 3.3 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

None 30

No premium extras like pool, waterfront, or view 50

Investment

1% effective tax rate ($3,991/yr) - below the Canadian average of ~1% 70

14% renter population - primarily owner-occupied area 46

Quality

Condition

Listing

27 photos provided - below the area average of 33 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.