Your own 1.4-acre retreat on sought-after Mountain Road, with country privacy, mountain views and a creek running through the property, all just minutes from the city. This 3+1 bedroom, 1+1 bath bungalow has been thoughtfully updated and is ready to move into. The newly opened main floor connects the kitchen, living and dining areas. The kitchen has black cabinetry, a large farmhouse sink and a matching movable island. New laminate flooring runs throughout, and a see-through gas fireplace warms both the living and dining rooms. Wide doorways keep the layout open and easy to move through. The 4-piece main bath has waterproof flooring and its own door out to the hot tub area. The finished lower level adds a fourth bedroom, a 2-piece bath, a dedicated laundry room, a gym area, a bar and a rec room, with a gas line already in place for a future fireplace. Outdoors you get about an acre of usable ground, a walking trail, fenced yard zones, multiple decks including a covered deck, and an asphalt driveway. The heated, insulated and wired 24x16 detached workshop has 12 ft ceilings, which suits hobbies, toys or storage. The big work is already done: updated septic, newer windows and professional foundation waterproofing, plus a tankless water heater, with no rentals. Space, privacy and updates at this level are hard to find. Book your showing today!
3 bedrooms, 1 bathroom, about 1,500 sq ft, works out to roughly $393 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1565 Mountain Rd
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1500-2000 sq ftas stated on the listing
Parking
12 spacesYes garage
Basement
Finished, Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
12
Interior
Basement
Finished · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
1565 Mountain Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14142900$589,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1565 Mountain Rd 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
$2,898
/mo
based on the purchase price of $589,900
$117,980 cash
$471,920 financed
$397,481 total interest
Principal54%$471,920
Interest46%$397,481
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 TRREB 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 TRREB 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.
For homeowners nearby
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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 TRREB, 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.
Similar homes for sale nearby in Thunder Bay
Other 3–4 bed homes for sale in Thunder Bay around $590K.
Average days on market26Homes sold in about 26 days on average.
Sale-to-list ratio105.9%On average, homes sold at or above asking.
Active listings178Homes for sale here right now.
Median vs prior 90 days−4.1%Compared with May 7 – Aug 5, 2026: prices down.
Based on 496 sales from Aug 5 – Nov 3, 2026 (324 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1565 Mountain Rd
How much is 1565 Mountain Rd listed for?
1565 Mountain Rd is listed at $589,900 (MLS® X14142900). Summitly updates the price as soon as the MLS® record changes.
Is $589,900 a good price for 1565 Mountain Rd?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 1565 Mountain Rd changed?
No — 1565 Mountain Rd is still listed at its original asking price of $589,900.
How many bedrooms and bathrooms does 1565 Mountain Rd have?
1565 Mountain Rd has 3 bedrooms and 1 bathroom, with about 1,500–2,000 square feet of living space. It is a detached home in Thunder Bay.
How much would the monthly mortgage be on 1565 Mountain Rd?
About $2,898 a month — principal and interest on $589,900 with 20% down ($117,980), 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 1565 Mountain Rd compare with other homes in Thunder Bay?
Its asking price of $589,900 is about 47% above the median sold price in Thunder Bay over the last 90 days, $402,000, across 496 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 1565 Mountain Rd been sold before?
Summitly has no earlier MLS® sale or lease of 1565 Mountain Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1565 Mountain Rd?
1565 Mountain Rd is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1565 Mountain Rd been on the market?
1565 Mountain Rd was listed today (November 3, 2026).
What is the price per square foot of 1565 Mountain Rd?
About $295 to $393 per square foot: the asking price of $589,900 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 1565 Mountain Rd have parking or a garage?
Yes — the listing gives 12 parking spaces. Garage: Yes.
Does 1565 Mountain Rd have a basement, and is it finished?
The listing describes the basement as: Finished, Full.
