4-Bed Bungalow with Pool Near Franklin Street Splash Pad

Property details for 235 Franklin Street N, Thunder Bay

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 2
Living Area: 1,052 square feet
Lot Size: 45 x 137 FT
Stories: 1
Basement: Finished, Full
Parking: Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Stucco
Ownership: Freehold
Annual Taxes: $3,304

Here's a solid one: a 4-bed, 1.5-bath bungalow on Franklin St N in McKellar Park. The 45-foot-wide lot gives you room to breathe, and the fenced backyard is set up for summer with an above-ground pool, a deck, a gazebo, a fire pit, and a storage shed. You're literally steps from the splash pad, which makes this a sweet spot if you've got kids. Inside, the main floor has hardwood throughout, a sunroom with windows on three sides, and a kitchen with a small eating area (12.3 x 10.8). The bedrooms up here are modest but the basement is where it's at: a huge rec room (11.6 x 33.5) with a 1-piece bath and a fourth bedroom. The house needs nothing major, and it has central air, a security system, and parking for two. Prices nearby have been moving fast, with an average of 16 days on market and a median sold price around $407k, so at $429k it's priced to reflect the current market. You're about half a kilometre from Fort William Gardens, a kilometre from the museum, and close to two high schools. With low inventory (only 2 active listings nearby), this one won't sit long.

About 235 Franklin Street N, Thunder Bay — Property Score

Great Location

Score: 64/100

Value

Priced 12.9% above area median of $379,950 based on 28 comparable properties nearby 51

$408/sqft - 22.5% above the $333/sqft area median 36

Stable pricing - no price changes since original listing date 50

Size

1,052 sqft - 12% less space than similarly priced homes (1,200 sqft median) 50

4 bedrooms - 1 more than similarly priced 3-bedroom homes nearby 72

2 bathrooms - typical for similarly priced properties 60

Location

$57K median household income - below the Canadian average of $70K 59

82% of residents hold postsecondary credentials - a highly educated neighbourhood 89

73% homeownership rate - indicating a stable, owner-occupied community 81

90% of residents commute under 30 minutes - excellent commuter accessibility 100

3,787/km² population density - a well-balanced suburban area 92

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

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.77% effective tax rate ($3,304/yr) - below the Canadian average of ~1% 77

27% renter population - primarily owner-occupied area 63

Quality

Condition

Listing

50 photos provided - 52% more than the area average of 33 photos 92

4 of 7 key property details provided (57%) - some key property details missing 67

* 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.