114 Caroline St is a 7-bedroom, 4-bathroom detached home in Thunder Bay, listed for $519,900. It has 1100-1500 sq ft of living space.
1One-of-a-kind investment opportunity at 114 Caroline Street!
2Situated on a generous 66' x 122' lot, this unique property offers an impressive combination of space, flexibility, and income potential.
3Additional features include central air conditioning and hot water on demand.Outside, the property offers ample parking spaces and a detached garage with 2 large overhead doors.
One-of-a-kind investment opportunity at 114 Caroline Street! Situated on a generous 66' x 122' lot, this unique property offers an impressive combination of space, flexibility, and income potential. The home features 7 bedrooms, 4 bathrooms, and 3 kitchens, with the current owner utilizing the property as three separate apartments, all currently rented to good tenants.The property has seen numerous updates over the years, including shingles completed in 2021, most windows updated, plumbing upgraded to PEX, and renovations throughout the interior. Additional features include central air conditioning and hot water on demand.Outside, the property offers ample parking spaces and a detached garage with 2 large overhead doors. With its generous lot, flexible layout, multiple living spaces, and established rental setup, this is an excellent opportunity for investors looking to add a unique property to their portfolio. Located in a convenient area close to everyday amenities, 114 Caroline Street offers a combination of rental potential, updates, and versatility that is truly hard to find.
7 bedrooms, 4 bathrooms, about 1,100 sq ft, works out to roughly $473 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.Ask Zara a follow-up
Inside 114 Caroline St
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
6 spacesYes garage
Basement
Apartment, Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
6
Interior
Basement
Apartment · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
114 Caroline St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13875592$519,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 114 Caroline St Compares to the Thunder Bay Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,554
/mo
based on the purchase price of $519,900
$103,980 cash
$415,920 financed
$350,314 total interest
Principal54%$415,920
Interest46%$350,314
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from PropTx or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from PropTx or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from PropTx, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 114 Caroline St
Homes for sale in Thunder Bay
Every active Thunder Bay MLS® listing, updated all day.
Average days on market25Homes sold in about 25 days on average.
Sale-to-list ratio106.4%On average, homes sold at or above asking.
Active listings185Homes for sale here right now.
Median vs prior 90 days+2.5%Compared with Apr 11 – Jul 10, 2026: prices up.
Based on 519 sales from Jul 10 – Oct 8, 2026 (275 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 114 Caroline St
How much is 114 Caroline St listed for?
114 Caroline St is listed at $519,900 (MLS® X13875592). Summitly updates the price as soon as the MLS® record changes.
Is $519,900 a good price for 114 Caroline St?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Thunder Bay. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 114 Caroline St changed?
No — 114 Caroline St is still listed at its original asking price of $519,900.
How many bedrooms and bathrooms does 114 Caroline St have?
114 Caroline St has 7 bedrooms and 4 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Thunder Bay.
How much would the monthly mortgage be on 114 Caroline St?
About $2,554 a month — principal and interest on $519,900 with 20% down ($103,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 114 Caroline St compare with other homes in Thunder Bay?
Its asking price of $519,900 is about 27% above the median sold price in Thunder Bay over the last 90 days, $410,000, across 519 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 114 Caroline St been sold before?
Summitly has no earlier MLS® sale or lease of 114 Caroline St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 114 Caroline St?
114 Caroline St is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 114 Caroline St been on the market?
114 Caroline St was listed today (October 8, 2026).
What is the price per square foot of 114 Caroline St?
About $347 to $473 per square foot: the asking price of $519,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 114 Caroline St have parking or a garage?
Yes — the listing gives 6 parking spaces. Garage: Yes.
Does 114 Caroline St have a basement, and is it finished?
The listing describes the basement as: Apartment, Finished.
