118 Franklin Street, Thunder Bay, ON

$314,900
MLS#:X13787558
3 beds
2 baths
700-1100 sqft
2.0 parking
Residential Freehold
Residential Freehold for sale - 3 Bed, 2 Bath Home at 118 Franklin Street Thunder Bay ON listed at $314,900 (MLS# X13787558) - Main View
For Sale
Added:Sep 15, 2026(1 day ago)
Updated:Sep 15, 2026(1 day ago)
Last Checked:13 minutes ago

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of McKeller Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $314,900 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 33 x 125 ft lot
  • Features a finished with walk-out, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient carport configuration
  • Notable attributes: Primary Bedroom - Main Floor, Upgraded Insulation, Bar Fridge
  • Efficient forced air heating via gas

Description

Solid All-Brick 2+1 Bedroom Bungalow in a Family-Friendly Neighborhood! Whether you are looking to purchase your very first home or downsize into easy, low-maintenance living, this move-in ready all-brick bungalow offers the perfect balance of practical comfort, curb appeal, and local lifestyle convenience. Step onto the inviting front sunroom porch-a bright, cozy space perfect for morning coffee or unwinding with a book. Inside, you'll find a functional floor plan featuring 2 main-floor bedrooms, 2 full bathrooms, and an additional lower-level bedroom ideal for guests, an older child, or a home office. The finished basement rec room features a convenient walk-out directly to a fully fenced, private backyard complete with a relaxing patio-making outdoor entertaining and watching the kids or pets play completely effortless. Back parking is a breeze with a covered carport attached to the storage shed. Location is everything! Situated just steps from a popular neighborhood splash pad for the little ones and within easy walking distance to a fantastic local bakery for weekend treats, this home offers a vibrant community feel with all essential amenities right at your doorstep.

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Property Summary

This detached home located at 118 Franklin Street, Thunder Bay is currently for sale and has been available on SousaSells for 1 day. This property is listed at $314,900 with an estimated mortgage of $1,048* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 118 Franklin Street, Thunder Bay is in the McKeller Park neighborhood.

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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 3 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in McKeller Park, Thunder Bay.

Highly Recommended for Families
What We Love About This Home
  • •3 spacious bedroom layout offering versatile living space
  • •2 well-appointed bathrooms
  • •700-1100 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Families, couples, or downsizers looking for a well-proportioned home in Thunder Bay.

Target Buyer Match

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Price$314,900
AddedSep 15, 2026 (1 day ago)
UpdatedSep 15, 2026 (1 day ago)
Last Checked13 minutes ago
Transaction TypeFor Sale
List Office NameRoyal LePage® Lannon Realty

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick
BasementFinished with Walk-Out, Partially Finished
Lot Size33 × 125 Feet
CountyThunder Bay
Annual Tax$2,784.45
Rental ItemsHWT - Security system (tbaytel)
Legal DescriptionPCL 1494, Sec CFWF; Lt 297 Pl WM14 Neebing; Thunder Bay

Parking & Garage

Parking Total2.0
Parking Space2
Garage TypeCarport

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

None listed

Interior Features

  • Primary Bedroom - Main Floor
  • Upgraded Insulation
  • Bar Fridge
  • Water Heater

Security Features

None listed

Community Features

None listed

Property History

No historical data available for this property.

This could be the first listing for this address.

Thunder Bay Home Buyer Advisory & Market HubActive MLS® Listing in Thunder Bay, Ontario

Looking to Buy a Home in Thunder Bay?

If you are looking for a house in Thunder Bay or researching Thunder Bay real estate for sale, this 3-bedroom detached at 118 Franklin Street, Thunder Bay, ON offers an exceptional opportunity to buy a home in Thunder Bay, Ontario. Whether you are a first-time Thunder Bay home buyer or comparing active Thunder Bay MLS® homes for sale, working with a dedicated Thunder Bay buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.

Thunder Bay Homes for Sale & MLS® Listings

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Dedicated Thunder Bay Buyer Agent

Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Thunder Bay realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.

Thunder Bay Buyer Budget & Costs

Estimated mortgage: $1,048*/month*. Estimated Ontario Land Transfer Tax: $3,199. First-time Thunder Bay home buyers may qualify for up to $8,475 in rebates.

Frequently Asked Questions: Buying a Home in Thunder Bay

Frequently Asked Questions about 118 Franklin Street, Thunder Bay, ON

Q.What is the asking price for 118 Franklin Street, Thunder Bay, ON ?

The current listing price for 118 Franklin Street, Thunder Bay, ON in McKeller Park, Thunder Bay is $314,900.

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

This property features 3 bedrooms and 2 bathrooms across approximately 700-1100 sqft.

Q.What property type and architectural style is 118 Franklin Street, Thunder Bay, ON ?

118 Franklin Street, Thunder Bay, ON is a Detached (Bungalow) featuring a Finished with Walk-Out, Partially Finished basement.

Q.What interior features are included in this home?

Interior highlights include: Primary Bedroom - Main Floor, Upgraded Insulation, Bar Fridge, Water Heater.

Q.Is parking available at this property?

Yes, this property offers parking space for 2.0 vehicles (Carport).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via None.

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Location

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118 Franklin Street, Thunder Bay, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

McKeller Park, Thunder Bay

SAFETY RATING9.4 / 10
Low Incident Area
Total Annual Incidents35 incidents / yr
Average Per Month2.9 incidents / mo
Population BenchmarkArea Average residents
Personal Safety
Very Low

8 assaults (30.0/100k)

Property Security
Very Low

8 B&E (30.0/100k)

Auto Theft Risk
Low Risk

10 thefts (35.0/100k)

1-Year Trend
â–¼ 6%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Official Police Services ArcGIS Open Data
Halton & GTA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

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Pricing & Value Insights

Data-driven valuation for 118 Franklin Street N, Thunder Bay, ON P7C 4H8

Estimated Sales Range
$299,000 - $309,000

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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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$94,470 (30.0%)
* Minimum Canadian down payment required for this price is $15,745.
Amortization Period30 Years
Estimated Monthly Payment$1,048Based on a loan of $220,430 over 30 years.
Purchase Price$314,900
Loan Amount$220,430
Provincial Land Transfer Tax:$3,199
Total Estimated Closing Taxes:$3,199

About Purchasing a Home in Thunder Bay, ON

For a property listed at $314,900 in Thunder Bay, the legal minimum down payment is $15,745 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 $3,199 for this transaction. As this listing is in Thunder Bay (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,199.

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McKeller Park, Thunder Bay Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$433,862

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 McKeller Park, Thunder Bay

Elementary Schools

McKellar Park Central
Public301 Archibald Street North, Fort William, Thunder Bay, Ontario, P7C 3Y3
7.1
St Jude
Public345 Ogden Street, Fort William, Thunder Bay, Ontario, P7C 2N4
4.0
St Elizabeth
Public735 Selkirk Street South, Fort William, Thunder Bay, Ontario, P7E 1V3
5.8
St Thomas Aquinas
Public2645 Donald Street East, Thunder Bay, Ontario, P7E 5X5
7.0
Kingsway Park
Public315 Empire Avenue, Fort William, Thunder Bay, Ontario, P7E 4R9
5.8

Secondary Schools

St. Patrick
Catholic621 Selkirk Street South, Fort William, Thunder Bay, Ontario, P7E 1T9
5.3

McKeller Park, Thunder Bay Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

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.

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