6 Macdonald Avenue, Terrace Bay, ON P0T 2W0
- Property tax
- $2,492 / year
Rare income-generating opportunity in Terrace Bay. This 1,053 SF updated 3-bedroom, 2-bathroom home features a bright above-ground walk-out basement suite, making it ideal for buyers looking to live in the main home while using the lower unit to help offset the mortgage and carrying costs. The upper level offers 2 bedrooms, 1 bathroom, a fully renovated kitchen with new cabinets, countertops, sink, appliances, and washing machine, plus fresh paint and new laminate flooring. The lower level includes a separate 1-bedroom, 1-bathroom suite with its own laundry, updated laminate flooring, and large windows that make the space feel bright and welcoming. Situated on a large lot, this property also features a new tin roof and plenty of flexibility for homeowners, investors, or multi-generational living. A rare chance to own a move-in-ready home with built-in income potential. *For Additional Property Details Click The Brochure Icon Below*
- MLS number
- X12908042
- Type
- Detached
- Status
- Active
- Bedrooms
- 3
- Bathrooms
- 2
- Postal code
- P0T 2W0
- Photos
- 13
This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.
Rooms
9 rooms as the listing brokerage filed them, with measurements.
Main
| Room | Size | Features |
|---|---|---|
| Kitchen | 3.89 × 3.78 m | — |
| Living Room | 3.58 × 5.82 m | — |
| Primary Bedroom | 3.58 × 4.06 m | — |
| Bedroom 2 | 3.84 × 2.92 m | — |
| Bathroom | 2.79 × 1.78 m | — |
Basement
| Room | Size | Features |
|---|---|---|
| Bedroom | 3.48 × 3.23 m | — |
| Bathroom | 2.21 × 1.52 m | — |
| Kitchen | 3.78 × 2.79 m | — |
| Living Room | 3.78 × 5.36 m | — |
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Detached
- Style
- Bungalow-Raised
- Class
- Residential Freehold
- Fronting on
- South
- Municipality
- Terrace Bay
- Cross street
- Highway 17
Inside
- Bedrooms
- 3
- Bedrooms above grade
- 2
- Bathrooms
- 2
- Washrooms
- 2
- Kitchens
- 2
- Rooms above grade
- 4
- Basement
- Apartment
- Size
- 700-1100
Building
- Construction
- Brick Front
- Roof
- Metal
- Foundation
- Concrete
Parking
- Covered spaces
- 0
- Driveway spaces
- 4
- Total parking
- 4
- Features
- Private Double
Land
- Lot
- 60.39 × 0 feet
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Oil
- Cooling
- None
- Water
- Municipal
- Sewer
- Sewer
- Electricity
- Yes
- Gas
- Yes
- Cable
- Yes
Features
- Interior
- In-Law Suite
Listing
- MLS number
- X12908042
- Status
- Price Change
- Previous status
- New
- Listed on
- 2026-03-23
- Expires
- 2026-09-23
- Possession
- 2026-04-01
- Taxes
- $2,492 (2025)
- Board
- Toronto Regional Real Estate Board
Listing history
No previous listings found for this address.
Where this home is
Where this address sits, matched against open government data.
Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| St Martin Catholic School Superior North CDSB | Elementary | 406 m | Not reported |
| Terrace Bay Public School Superior-Greenstone DSB | Elementary | 608 m | Not reported |
| Lake Superior High School Superior-Greenstone DSB | Secondary | 573 m | / 10 62% met the standard · 2 of 6 measures |
| École catholique Franco-Terrace CSDC des Aurores boréales | Elementary | 420 m | Not reported |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 305 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35580398 — the few blocks around this address, home to 305 people. It describes the area, not this property.
Percentages are of the 165 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
Work out the numbers
Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.
If you rented it out
Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.
How this is calculated, and what it leaves out
Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.
Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.
Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.