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218 Powley Street

Court / Cumberland / Thunder Bay, ON P7A 2K9

ActiveFor Sale
5 Beds
3 Baths
Single Family Home

About This Property

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.

Property Details

StatusActive
Property TypeSingle Family Home
Listing TypeFor Sale
Bedrooms5
Bathrooms3
Postal CodeP7A 2K9
Last UpdatedSep 13, 2026 · 9:09 a.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X13635674

Listed by RE/MAX FIRST CHOICE REALTY LTD.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$535,000

asking price

MLS®X13635674
TypeSingle Family Home
CityThunder Bay
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$2,612

/month · $428,000 mortgage

Down Payment20% — $107,000
Interest Rate5.5%

Amortization

Total Interest

$355,743

Total Cost

$783,743

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

RE/MAX FIRST CHOICE REALTY LTD.