294 Algonquin Avenue, Thunder Bay, ON

$499,900
MLS#:X13250688
5 beds
2 baths
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Forest Park. Expertly crafted featuring premium stucco (plaster) and brick construction, this residence presents an exceptional opportunity offered at $499,900 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.

  • 5 Bedrooms and 2 Bathrooms
  • Premium 49.5 x 120 ft lot size
  • Features a ["finished", "full"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Notable attributes: Storage, In-Law Suite, Built-In Oven
  • equipped with ["other"] central cooling and highly efficient forced air heating via gas

NEW LISTING! Not a drive by! Must be seen to believe! This extensively renovated 2 legal unit rental features a main floor 3 bedroom unit and a lower level 2 bedroom unit. Both rented. List of all the renovations cost breakdown done in the last 5 years is available as well as a rental income/expense summary. From kitchens, to bathrooms, to bedrooms, to flooring, this home has had quite the makeover. View the photos to see for yourself then book a showing to see it in person. Tenants so clean and tidy you can eat off the floor. Beautiful backyard fire pit area. Parking for everyone.

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Key Features

Bedrooms
5
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold Conditional
Listed Date5/25/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionStucco (Plaster), Brick
BasementFinished, Full
Lot Size49.5 × 120 Feet
CountyThunder Bay
Annual Tax$4,270
Legal DescriptionLT 4 BLK 21 PL 171 PORT ARTHUR; PT LT 3 BLK 21 PL 171 PORT ARTHUR AS IN TBR338151; THUNDER BAY

Parking & Garage

Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingOther

Features

Property Features

Fenced Yard

Interior Features

Storage, In-Law Suite, Built-In Oven, Other

Security Features

Community Features

Location

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294 Algonquin Avenue, Thunder 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 294 Algonquin Avenue S, Thunder Bay, ON P7B 4T5

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.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$399,920
Monthly Mortgage$2,324
Property Tax (Est.)$356
Utilities & Maint.$350
Total Monthly Cost$3,030

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Thunder Bay.

Similar Listings Nearby

City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$426,880

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%

Local Schools Guide

Elementary Schools

Algonquin Avenue
Public160 Algonquin Avenue South, Thunder Bay, Ontario, P7B 4T1
5.7
St Pius X
Public140 Clarkson Street South, Thunder Bay, Ontario, P7B 4W8
5.7
Gron Morgan
Public174 Hodge Street, Thunder Bay, Ontario, P7B 4G4
7.4
Corpus Christi
Public110 Marlborough Street, Thunder Bay, Ontario, P7B 4G4
5.6
C D Howe
Public30 Wishart Crescent, Thunder Bay, Ontario, P7A 6G3
5.0

Secondary Schools

Hammarskjold HS
Public80 Clarkson Street South, Thunder Bay, Ontario, P7B 4W8
6.1
de la Verendrye
Public175 High Street North, Thunder Bay, Ontario, P7A 8C7
5.6

Homes & Housing

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.