23 Lakeview Drive, Terrace Bay, ON

$234,900
MLS#:X13621980
4 beds
2 baths
Residential Freehold
23 Lakeview Drive, Terrace Bay, ON P0T 2W0

Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Terrace Bay. Expertly crafted featuring premium unknown construction, this residence presents an exceptional opportunity offered at $234,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms
  • Spacious lot size measured in Feet
  • Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • Notable attributes: Storage, Built-In Oven, Other
  • equipped with other central cooling and highly efficient forced air heating via electric

Description

Welcome to this beautifully updated 1.5-storey home with an addition, where charm, comfort, and pride of ownership shine throughout. Extensively renovated inside and out since 2014, this bright and cheerful home is truly move-in ready.The inviting white kitchen features a pantry and plenty of natural light. A spacious primary bedroom offers a relaxing retreat, while the studio and rec room provide flexible space for hobbies, a home office, or entertaining. Step outside and enjoy views of Lake Superior from the front deck, or unwind in the beautifully landscaped, garden-like front and backyard. Filled with colorful perennials, raised garden beds, and a tiered deck, this outdoor oasis is perfect for relaxing or hosting family and friends. This lovingly maintained property offers the perfect blend of modern updates, functional living space, and exceptional outdoor beauty—all with a glimpse of one of Canada's most spectacular lakes.

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Property Summary

This detached home located at 23 Lakeview Drive, Terrace Bay is currently for sale and has been available on SousaSells for 7 days. This property is listed at $234,900 with an estimated mortgage of $782* per month. It has 4 beds, 2 bathrooms, and is unknown square feet. 23 Lakeview Drive, Terrace Bay

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Terrace Bay.

Highly Recommended for Families
What We Love About This Home
  • 4 spacious bedroom layout offering versatile living space
  • 2 well-appointed bathrooms
  • Desirable Detached architecture in Terrace Bay
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Terrace Bay.

Target Buyer Match

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold Conditional
Listed Date7/30/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionUnknown
BasementFull, Partially Finished
CountyThunder Bay
Annual Tax$2,121
Legal DescriptionPCL 620 SEC TBEF; LT 555 PL M143 STREY TOWNSHIP OF TERRACE BAY

Parking & Garage

Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingOther

Features

Property Features

None listed

Interior Features

  • Storage
  • Built-In Oven
  • Other

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 23 Lakeview Drive, Terrace Bay, ON

Q.What is the asking price for 23 Lakeview Drive, Terrace Bay, ON ?

The current listing price for 23 Lakeview Drive, Terrace Bay, ON in Terrace Bay is $234,900.

Q.How many bedrooms and bathrooms does this property have?

This property features 4 bedrooms and 2 bathrooms.

Q.What property type and architectural style is 23 Lakeview Drive, Terrace Bay, ON ?

23 Lakeview Drive, Terrace Bay, ON is a Detached (1 1/2 Storey) featuring a Full, Partially Finished basement.

Q.What interior features are included in this home?

Interior highlights include: Storage, Built-In Oven, Other.

Q.What heating and cooling systems are installed?

Heating is provided via Electric and cooling via Other.

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Location

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23 Lakeview Drive, Terrace Bay, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 23 Lakeview Drive, Terrace Bay, ON P0T 2W0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Terrace Bay.

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Interest Rate4.00%
Down Payment$70,470 (30.0%)
* Minimum Canadian down payment required for this price is $11,745.
Amortization Period30 Years
Estimated Monthly Payment$782Based on a loan of $164,430 over 30 years.
Purchase Price$234,900
Loan Amount$164,430
Provincial Land Transfer Tax:$2,074
Total Estimated Closing Taxes:$2,074

About Purchasing a Home in Terrace Bay, ON

For a property listed at $234,900 in Terrace Bay, the legal minimum down payment is $11,745 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $2,074 for this transaction. As this listing is in Terrace Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,074.

Terrace Bay Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Terrace Bay.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$162,316

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in Terrace Bay

Elementary Schools

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Secondary Schools

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Terrace Bay Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.