Spacious 1.5-Storey with Basement Suite, Near Fort William Gardens

Property details for 308 Archibald Street N, Thunder Bay

Type: Residential
Bedrooms: 4
Bathrooms: 2
Living Area: 1,737 square feet
Lot Size: 50 x 97.5 FT
Stories: 2
Basement: Finished, Full
Parking: Garage
Heating: Forced air, Natural gas
Exterior: Stone, Vinyl siding
Ownership: Freehold
Annual Taxes: $1,761

This 1.5-storey, 1737 sq ft home packs a lot into its 1923 bones. You get 3 beds and a 4-piece bath upstairs (closets are surprisingly deep), plus a separate basement suite with its own bedroom, rec room, and 3-piece bath. Hardwood floors run through the main level, where the living and dining rooms each measure 16 x 11.6. The kitchen has oak cabinets and a dishwasher. Stepping outside, there's a fenced backyard with a fire pit, and a wired detached garage sits behind it. Newer furnace and 100-amp panel. It's a 2-minute walk to Fort William Gardens and under 10 minutes to the Thunder Bay Museum. Asking $300,000, well below the area's $364,500 median. Two active listings nearby, and similar homes have sold in 13 days. Solid for first-timers or anyone wanting rental income from the basement unit. Check the poured concrete foundation and stone\/vinyl exterior on your visit.

About 308 Archibald Street N, Thunder Bay — Property Score

Prime Location Well Priced

Score: 69/100

Value

Priced 43.7% below area median of $532,450 based on 30 comparable properties nearby 100

$173/sqft - 45.9% below the $320/sqft area median 100

Stable pricing - no price changes since original listing date 50

Size

1,737 sqft - 64% more space than similarly priced homes (1,056 sqft median) 100

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

2 bathrooms - typical for similarly priced properties 60

Location

$56K median household income - below the Canadian average of $70K 58

85% of residents hold postsecondary credentials - a highly educated neighbourhood 92

64% homeownership rate - a balanced mix of owners and renters 75

88% of residents commute under 30 minutes - excellent commuter accessibility 100

3,006/km² population density - a well-balanced suburban area 100

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

No cooling system listed - common in cooler climate areas 30

Built in 1923 (103 years old) - established home with character, older than the area average (1958) 35

No premium extras like pool, waterfront, or view 50

Investment

0.59% effective tax rate ($1,761/yr) - very low tax burden 82

36% renter population - moderate rental market 73

Quality

Condition

Listing

38 photos provided - 12% more than the area average of 34 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.