DetachedListed yesterday

202 Water St, Thessalon

Name: 202 Water Street
SKU: X14099876
Price: 449900 CAD
Availability: InStock

Thessalon, ON · MLS® X14099876Updated October 21, 2026

$449,900Est. $2,210/mo mortgage

Bedrooms: 4
Bathrooms: 2
Living space: 1500–2000sq ft

Type Detached
Lot 50 acres
Garage Yes
Basement Unfinished, Full

What you should know

202 Water St is a 4-bedroom, 2-bathroom detached home in Thessalon, listed for $449,900. It has 1500-2000 sq ft of living space.

The beautifully updated kitchen features stainless steel countertops, a double oven and a separate walk-in pantry.
Unwind on the backyard deck beneath the metal gazebo, or enjoy the bright, enclosed wraparound porch—a beautiful space to relax, entertain and watch the seasons change.
Established perennial gardens bring colour and charm to the front yard.

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4 Bed, 2 Bath Detached Home in Thessalon

About 202 Water Street

Timeless character meets modern comfort with beautiful Thessalon River views! Nestled in the waterfront community of Thessalon, this charming century home offers 4 bedrooms, 1.5 bathrooms, original hardwood floors and inviting spaces for everyday living and entertaining. The beautifully updated kitchen features stainless steel countertops, a double oven and a separate walk-in pantry. Enjoy river views and open sightlines through the dining and living areas, keeping everyone connected. A versatile space beside the dining room makes an ideal games area, playroom or hobby nook. A generously sized main-floor bedroom adds convenience, while three additional bedrooms upstairs provide room for family and guests. A quaint upper-level studio or reading retreat offers gorgeous views and a quiet escape for morning coffee, creative pursuits or a good book. The spacious side-entry room provides flexibility as a mudroom, home office or everyday entrance. Outdoor living is just as inviting! Unwind on the backyard deck beneath the metal gazebo, or enjoy the bright, enclosed wraparound porch—a beautiful space to relax, entertain and watch the seasons change. Established perennial gardens bring colour and charm to the front yard. The detached 1.5-car garage is a rare find, featuring in-floor heating and hydro for a comfortable year-round workspace. Whether you need room for projects, hobbies or storage, this exceptionally well-maintained garage delivers. A roof replaced in 2019 adds further appeal. Enjoy small-town living approximately a 5-minute walk from downtown shops and amenities, and a 10-minute walk from Lake Huron’s sandy shores or the local marina. River views, generous living spaces and thoughtful updates make this a special place to call home!

4 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $300 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 202 Water St

Every detail from the listing, in one place.

Type: Detached
Style: 2-Storey
Living space: 1500-2000 sq ftas stated on the listing
Basement: Unfinished, Full

Features & systems

Parking & garage

Garage: Yes

Interior

Basement: Unfinished · Full

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 2-Storey
Property class: Detached

202 Water St Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 20, 2026For saleListedThis listingMLS® X14099876$449,900

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 202 Water St Compares to the Thessalon Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 11 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Thessalon market, last 90 days

Median sold price: $215,000
Average sold price: $212,683
Average days on market: 68
Homes sold: 9

Closed sales on the TRREB MLS®.

Full Thessalon market report

Recently sold nearby in Thessalon

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home202 Water Street 4 bd · 2 ba · 1,500 sqft	$449,900asking	$300	—	—
15 Stanley Street 3 bd · 1 ba · 1,500 sqft
233 Federation Street 4 bd · 2 ba
226 Main Street 4 bd · 2 ba · 2,000 sqft
18 Maple Street 3 bd · 2 ba · 1,100 sqft
15 Algoma Street 3 bd · 1 ba · 1,100 sqft
37 Government Road 4 bd · 2 ba · 1,100 sqft

15 Stanley Street
3 bd · 1 ba · 1,500 sqft
233 Federation Street
4 bd · 2 ba
226 Main Street
4 bd · 2 ba · 2,000 sqft
18 Maple Street
3 bd · 2 ba · 1,100 sqft
15 Algoma Street
3 bd · 1 ba · 1,100 sqft
37 Government Road
4 bd · 2 ba · 1,100 sqft

Living in Thessalon: Location & Amenities

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Costs, Mortgage & Rental Return for 202 Water St

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,210; 20% down · 25 years · 5.5% assumed
Property tax: $247; 0.66% mill rate · ON
Total per month: $2,457; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,210

/mo

based on the purchase price of $449,900

Down payment20%

$89,980 cash

Amortization25 yr

$359,920 financed

Rate5.50%

$303,147 total interest

Principal54%$359,920

Interest46%$303,147

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.

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MLS® X14099876 · Listing data last updated October 21, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

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.

For sale· listed Oct 19· $300/sq ft

Estimated monthly mortgage$2,210/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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