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Lots & Land in Thessalon
About 287 River Street
Multi use VACANT LOT on the scenic Thessalon river with almost 100' of frontage is ready for your business idea! This affordable property can accommodate many uses including commercial on the bottom with residential up top. Property is nicely nestled between the river, residential, and the main street commercial strip. Hot tourism area in the summer months with a great marina and beaches. Winter months offer proximity to many inland lakes, snowmobiling and hiking trails. On city services, water and gas. Property sits adjacent to 287 River St.
Thessalon land priced at $49,900 — book a tour to see if it fits your search.
Inside 287 River St
Every detail from the listing, in one place.
Type
Land
Basement
Other
Features & systems
Interior
Basement
Other
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
287 River St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$245
/mo
based on the purchase price of $49,900
$9,980 cash
$39,920 financed
$33,623 total interest
Principal54%$39,920
Interest46%$33,623
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.
287 River St is listed at $49,900 (MLS® X13886894). Summitly updates the price as soon as the MLS® record changes.
Has the price of 287 River St changed?
Yes — it was first listed at $69,000 and is now $49,900, a drop of $19,100 (27.7%).
How many bedrooms and bathrooms does 287 River St have?
The listing for 287 River St doesn't publish its bedroom and bathroom count. It is a lot in Thessalon.
How much would the monthly mortgage be on 287 River St?
About $245 a month — principal and interest on $49,900 with 20% down ($9,980), 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.
Has 287 River St been sold before?
Summitly has no earlier MLS® sale or lease of 287 River St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 287 River St?
287 River St is in Thessalon, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 287 River St been on the market?
153 days — 287 River St was listed on May 12, 2026.
Does 287 River St have a basement, and is it finished?
The listing describes the basement as: Other.
What is the lot size of 287 River St?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 287 River St?
About $250 in Ontario land transfer tax at the asking price of $49,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 287 River St or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 287 River St?
The listing for 287 River St doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Thessalon.
