Sitting on a 66 ft wide lot, this bungalow offers an updated kitchen with wood aspen cabinets. The kitchen provides access to the deck and flows nicely into the large living room, which features hardwood floors beneath the carpet. The main floor boasts a stunning updated bathroom and 3 good-sized bedrooms. The partially finished basement offers a great layout and includes a 2-piece bathroom, ready for updates. Additional updates include roof (2023), Furnace / AC. Furnace/AC (2016), windows (2011) , fencing (2024), concrete front stairs, new stove, fridge and microwave.
3 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $621 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 221 Balsam St
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Partially Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Partially Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
221 Balsam 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® X14097382$435,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 221 Balsam 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
$2,137
/mo
based on the purchase price of $435,000
$87,000 cash
$348,000 financed
$293,107 total interest
Principal54%$348,000
Interest46%$293,107
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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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 2–5 bed homes for sale in Thunder Bay around $435K.
Average days on market25Homes sold in about 25 days on average.
Sale-to-list ratio106.1%On average, homes sold at or above asking.
Active listings175Homes for sale here right now.
Median vs prior 90 days−0.9%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 506 sales from Jul 24 – Oct 22, 2026 (288 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 221 Balsam St
How much is 221 Balsam St listed for?
221 Balsam St is listed at $435,000 (MLS® X14097382). Summitly updates the price as soon as the MLS® record changes.
Is $435,000 a good price for 221 Balsam St?
Summitly rates it Well Above Market: the asking price is 15% or more 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 221 Balsam St changed?
No — 221 Balsam St is still listed at its original asking price of $435,000.
How many bedrooms and bathrooms does 221 Balsam St have?
221 Balsam St has 3 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Thunder Bay.
How much would the monthly mortgage be on 221 Balsam St?
About $2,137 a month — principal and interest on $435,000 with 20% down ($87,000), 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.
Are there open houses at 221 Balsam St?
Yes — Sunday, October 25, 1:00 PM – 2:30 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
How does 221 Balsam St compare with other homes in Thunder Bay?
Its asking price of $435,000 is about 6% above the median sold price in Thunder Bay over the last 90 days, $408,750, across 506 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 221 Balsam St been sold before?
Summitly has no earlier MLS® sale or lease of 221 Balsam St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 221 Balsam St?
221 Balsam St is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 221 Balsam St been on the market?
2 days — 221 Balsam St was listed on October 20, 2026.
What is the price per square foot of 221 Balsam St?
About $395 to $621 per square foot: the asking price of $435,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 221 Balsam St have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.
