218 Powley Street, Thunder Bay, ON P7A 2K9
- Property tax
- $5,363 / year
New Listing. Live in one unit while your tenants help pay the mortgage! Whether you're a first-time buyer, investor, or looking to enter the rental market, this well-maintained income property offers an outstanding opportunity. The spacious owner-occupied bungalow features a comfortable 3-bedroom layout with a bright and inviting living room, separate dining area, and a large kitchen offering plenty of cabinet and workspace. An exceptional detached garage provides ample room for vehicles, hobbies, or additional storage. The property offers three self-contained units in total, including the owner's living quarters. The two additional rental suites each feature their own private entrance, kitchen, and 4-piece bathroom, with shared access to the laundry area, creating an excellent opportunity to generate steady rental income while enjoying the comfort of your own home. Whether you're looking to offset your mortgage, purchase your first home, enter the rental market, or expand your investment portfolio, this versatile property offers flexibility and excellent income potential. Located on the city's desirable north side, you'll enjoy easy access to Boulevard Lake, scenic walking trails, parks, schools, shopping, and everyday amenities. A rare opportunity to own a well-maintained income property that allows you to live comfortably while generating rental income. Whether you're a first-time buyer, aspiring landlord, or seasoned investor, this property offers the perfect combination of homeownership and investment potential. Let's Book Your Viewing, Call Today.
- MLS number
- X13635674
- Type
- Detached
- Status
- Active
- Bedrooms
- 5
- Bathrooms
- 3
- Postal code
- P7A 2K9
- Photos
- 9
This home has been listed 2 times in the last two years. "This property" adds up the days each of those listings was actually on the market before being withdrawn, suspended or expiring — the quiet months between them are not counted.
Rooms
14 rooms as the listing brokerage filed them, 10 of them with measurements.
Main
| Room | Size | Features |
|---|---|---|
| Living Room | not measured | — |
| Primary Bedroom | 3.38 × 3.77 m | — |
| Kitchen | 3.07 × 5.09 m | — |
| Bedroom 2 | 2.84 × 4.45 m | — |
| Bedroom 3 | 3.08 × 3.08 m | — |
| Bathroom | not measured | — |
| Bedroom 5 | 2.77 × 2.77 m | — |
| Kitchen | 2.04 × 4.45 m | — |
| Living Room | 3.11 × 3.26 m | — |
| Bathroom | not measured | — |
Basement
| Room | Size | Features |
|---|---|---|
| Bedroom 4 | 2.84 × 3.56 m | — |
| Kitchen | 2.02 × 3.10 m | — |
| Other | not measured | — |
| Other | 2.84 × 3.62 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
- Class
- Residential Freehold
- Fronting on
- North
- Community
- Court / Cumberland
- Municipality
- Thunder Bay
- Cross street
- Between Court St. and Cumberland
- Zoning
- Urban Low Rise Zone
Inside
- Bedrooms
- 5
- Bedrooms above grade
- 4
- Bathrooms
- 3
- Washrooms
- 1 on the basement floor · 2 on the main floor
- Kitchens
- 3
- Rooms above grade
- 10
- Basement
- Full, Partially Finished
Building
- Construction
- Unknown
- Roof
- Asphalt Shingle
- Foundation
- Block
Parking
- Garage
- Detached
- Covered spaces
- 1.5
- Features
- Other
Land
- Lot
- 52 × 120 feet
- Pool
- None
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Other
- Water
- Municipal
- Sewer
- Sewer
Features
- Interior
- Other
- Exterior
- Deck
Listing
- MLS number
- X13635674
- Status
- New
- Listed on
- 2026-08-03
- Expires
- 2026-11-30
- Taxes
- $5,363 (2026)
- Board
- Thunder Bay Real Estate Board
Listing history
This address has been listed 2 times.
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 Ignatius High School Thunder Bay CDSB | Secondary | 386 m | / 10 68% met the standard · 2 of 6 measures |
| St James Public School Lakehead DSB | Elementary | 1.5 km | / 10 68% met the standard · 3 of 6 measures |
| Claude E Garton Public School Lakehead DSB | Elementary | 1.8 km | / 10 92% met the standard |
| École catholique Franco-Supérieur CSDC des Aurores boréales | Elementary | 1.6 km | / 10 71% met the standard |
| St Paul Catholic Elementary School Thunder Bay CDSB | Elementary | 2.4 km | / 10 86% met the standard |
| St Margaret Catholic Elementary School Thunder Bay CDSB | Elementary | 1.9 km | / 10 55% met the standard |
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
The market around this home
Detached houses in Court / Cumberland — 128 sales over the last five years.
How these are built, and what they cannot tell you
Each point is the median of the sales that closed in that quarter among detached houses in court / cumberland. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.
This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.
Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 514 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35580156 — the few blocks around this address, home to 514 people. It describes the area, not this property.
Percentages are of the 290 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.