297 Fairbank Pl is a 3-bedroom, 1-bathroom detached home in Thunder Bay, listed for $589,900. It has 1100-1500 sq ft of living space.
1River Terrace Sidesplit on a nice pie shaped lot with mature trees and a large detached garage.
2The sidesplit design offers fun on many levels.
3The house just keeps on going providing different levels with different features. 4 bedrooms, rec room with gas fireplace and lower level with laundry and a ton of storage.
River Terrace Sidesplit on a nice pie shaped lot with mature trees and a large detached garage. The sidesplit design offers fun on many levels. The house just keeps on going providing different levels with different features. 4 bedrooms, rec room with gas fireplace and lower level with laundry and a ton of storage.
3 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $536 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 297 Fairbank Pl
Every detail from the listing, in one place.
Type
Detached
Style
Sidesplit
Living space
1100-1500 sq ftas stated on the listing
Parking
6 spacesYes garage
Basement
Full
Features & systems
Parking & garage
Garage
Yes
Parking spaces
6
Interior
Basement
Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Sidesplit
Property class
Detached
297 Fairbank Pl Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14140256$589,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 297 Fairbank Pl 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.
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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 ratio106.0%On average, homes sold at or above asking.
Active listings175Homes for sale here right now.
Median vs prior 90 days−3.6%Compared with May 6 – Aug 4, 2026: prices down.
Based on 503 sales from Aug 4 – Nov 2, 2026 (318 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 297 Fairbank Pl
How much is 297 Fairbank Pl listed for?
297 Fairbank Pl is listed at $589,900 (MLS® X14140256). Summitly updates the price as soon as the MLS® record changes.
Is $589,900 a good price for 297 Fairbank Pl?
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 297 Fairbank Pl changed?
No — 297 Fairbank Pl is still listed at its original asking price of $589,900.
How many bedrooms and bathrooms does 297 Fairbank Pl have?
297 Fairbank Pl has 3 bedrooms and 1 bathroom, 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 297 Fairbank Pl?
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 297 Fairbank Pl compare with other homes in Thunder Bay?
Its asking price of $589,900 is about 46% above the median sold price in Thunder Bay over the last 90 days, $405,000, across 503 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 297 Fairbank Pl been sold before?
Summitly has no earlier MLS® sale or lease of 297 Fairbank Pl on record from the last two years. Older records aren't shown under TRREB rules.
Where is 297 Fairbank Pl?
297 Fairbank Pl is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 297 Fairbank Pl been on the market?
297 Fairbank Pl was listed today (November 2, 2026).
What is the price per square foot of 297 Fairbank Pl?
About $393 to $536 per square foot: the asking price of $589,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 297 Fairbank Pl have parking or a garage?
Yes — the listing gives 6 parking spaces. Garage: Yes.
Does 297 Fairbank Pl have a basement, and is it finished?
