416 Second Avenue, Thunder Bay, ON
Property Highlights
Welcome to this remarkable 2-Storey vacant land located in the coveted neighborhood of Thunder Bay. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $249,800 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.
- 15 Bedrooms and 9 Bathrooms with 9 functional kitchens
- Premium 74.7 x 139.48 ft lot size
- Features a unfinished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Located in the heart of Thunder Bay, Ontario, this piece of land measures 75 feet in width and 140 feet in length. With draft plan approval already in place, it offers an excellent opportunity for development. The lot is zoned to accommodate a quad unit, making it ideal for rental purposes. Each unit within the quad is designed with four spacious bedrooms, providing ample living space for residents. The layout includes a well-appointed kitchen and two bathrooms, ensuring convenience and comfort. The units are thoughtfully designed to optimize natural light and provide a comfortable living environment. Additionally, the property offers outdoor parking, allowing residents and visitors to park their vehicles conveniently on-site. This feature enhances accessibility and convenience for the occupants of the quad unit. With its prime location in Thunder Bay's central area, the land benefits from proximity to various amenities, including LakeHead University Confederation College & hospitals **EXTRAS** The vibrant community offers a diverse range of services and entertainment options, creating a desirable living environment for future residents.
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Property Summary
This vacant land located at 416 Second Avenue, Thunder Bay is currently for sale and has been available on SousaSells for 737 days. This property is listed at $249,800 with an estimated mortgage of $831* per month. It has 15 beds, 9 bathrooms, and is unknown square feet. 416 Second Avenue, Thunder Bay
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
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Features
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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 416 Second Avenue E, Thunder Bay, ON P7B 2N9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Thunder Bay, ON
For a property listed at $249,800 in Thunder Bay, the legal minimum down payment is $12,490 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 $2,223 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 $2,223.
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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.