Drive-Thru Garage Bungalow in Terrace Bay

Property details for 37 Southridge Crescent N, Terrace Bay

Type: Residential
Style: Bungalow
Bedrooms: 2
Bathrooms: 2
Lot Size: 65 x 115 FT
Stories: 1
Basement: Partially finished, Partial
Parking: Attached Garage, Garage
Heating: Forced air, Electric, Other, Other
Cooling: None
Exterior: Wood, Brick
Ownership: Freehold
Annual Taxes: $3,636 (2025)

Two fireplaces and a drive-thru garage. That's what sets this 2-bed, 2-bath bungalow in Terrace Bay apart. The garage opens on both ends, so you can pull straight through to the fenced yard. Quirky, practical, and kind of fun. Inside, the main floor has a living room, dining room, and two bedrooms. The kitchen is basic but functional. Appliances included: stove, fridge, washer, dryer, even a freezer. Basement is partially finished with a rec room and den. There's also a laundry room down there. Built on a 65x115 ft flat lot, the exterior mixes wood and brick. Foundation is concrete. Heating is forced air, electric, and something else (not sure what). No central air, but Terrace Bay summers are mild. Hydro runs about $400 a month. Annual property taxes are $3,636. It's a linked property. That means you own the building, but the land is leased. That explains the price. At $224,900, it's near the median for the area. Only two other active listings nearby. This one's been on the market 54 days on average (market data says so). Location is the real draw. You're minutes from Lake Superior's north shore. Terrace Bay is small but has essentials. This place is solid for a starter or a retiree wanting one-level living. Not flashy, just honest.

About 37 Southridge Crescent N, Terrace Bay — Property Score

Great Location

Score: 56/100

Value

Priced 50% above area median of $149,900 based on 13 comparable properties nearby 1

Stable pricing - no price changes since original listing date 50

Size

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

2 bathrooms - typical for similarly priced properties 60

7,475 sqft lot - a generous lot for the area 78

Location

$74K median household income - near the Canadian average of $70K 67

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

94% homeownership rate - indicating a stable, owner-occupied community 96

59% of residents commute under 30 minutes - good commuting convenience 77

0/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 11 days on market 82

-49.8% median price change over 1 month - declining prices in the area 1

5 months of housing supply - 5 active listings with 1 sold last month (balanced) 65

Features

2-car garage - area average is 3.2 spots 80

Partially finished, Partial basement - potential for additional finished space 85

standard forced air system 75

None 30

2 fireplaces - a desirable feature for Canadian winters 85

No premium extras like pool, waterfront, or view 50

Investment

1.62% effective tax rate ($3,636/yr) - higher than the Canadian average 51

6% renter population - primarily owner-occupied area 38

Quality

Condition

Listing

39 photos provided - 15% more than the area average of 34 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.