DetachedListed today

316 Rita St, Thunder Bay

Name: 316 Rita Street
SKU: X14110424
Price: 299900 CAD
Availability: InStock

Thunder Bay, ON · · MLS® X14110424Updated October 23, 2026

$299,900Est. $1,473/mo mortgage

Bedrooms: 2
Bathrooms: 1
Living space: 700–1100sq ft
Parking spaces: 1

Type Detached
Basement Partially Finished, Separate Entrance

What you should know

316 Rita St is a 2-bedroom, 1-bathroom detached home in Thunder Bay, listed for $299,900. It has 700-1100 sq ft of living space.

Featuring 2 generously sized bedrooms, a full bathroom, and a functional layout on the main floor, this home offers a great opportunity for buyers looking to renovate and make a space their own.
The partially finished basement, complete with a separate front entrance, provides amazing potential for an in-law suite, additional living space, or rental versatility.
Outside, enjoy a fully fenced yard with plenty of room to create your ideal outdoor oasis.

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2 Bed, 1 Bath Detached Home in Thunder Bay

About 316 Rita Street

Bring your vision to life with this Current River bungalow full of potential! Featuring 2 generously sized bedrooms, a full bathroom, and a functional layout on the main floor, this home offers a great opportunity for buyers looking to renovate and make a space their own. The partially finished basement, complete with a separate front entrance, provides amazing potential for an in-law suite, additional living space, or rental versatility. Outside, enjoy a fully fenced yard with plenty of room to create your ideal outdoor oasis. Whether you're a first-time buyer, renovator, or investor, this property is ready for its next chapter! Conveniently located near local schools, outdoor parks, recreation trails, and all amenities.

2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $428 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 316 Rita St

Every detail from the listing, in one place.

Type: Detached
Style: Bungalow
Living space: 700-1100 sq ftas stated on the listing
Parking: 1 space
Basement: Partially Finished, Separate Entrance

Features & systems

Parking & garage

Parking spaces: 1

Interior

Basement: Partially Finished · Separate Entrance

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Bungalow
Property class: Detached

316 Rita St Price & Sale History

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

Oct 23, 2026For saleListedThis listingMLS® X14110424$299,900

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

What's it worth?

How 316 Rita St Compares to the Thunder Bay Market

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

Zara’s estimate

Good Deal· based on 186 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

Thunder Bay market, last 90 days

Median sold price: $407,000
Average sold price: $440,757
Average days on market: 26
Homes sold: 523

Closed sales on the TRREB MLS®.

Full Thunder Bay market report

Recently sold nearby in Thunder Bay

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 home316 Rita Street 2 bd · 1 ba · 700 sqft	$299,900asking	$428	—	—
1009 Alexandra Street 2 bd · 1 ba · 700 sqft
279 Dewe Avenue 2 bd · 2 ba · 700 sqft
819 May Street 2 bd · 1 ba · 700 sqft
417 Strand Avenue 3 bd · 2 ba · 700 sqft
141 Cherry Lane 3 bd · 1 ba · 1,100 sqft
123 Parsons Avenue 2 bd · 1 ba · 1,100 sqft

1009 Alexandra Street
2 bd · 1 ba · 700 sqft
279 Dewe Avenue
2 bd · 2 ba · 700 sqft
819 May Street
2 bd · 1 ba · 700 sqft
417 Strand Avenue
3 bd · 2 ba · 700 sqft
141 Cherry Lane
3 bd · 1 ba · 1,100 sqft
123 Parsons Avenue
2 bd · 1 ba · 1,100 sqft

Living in Thunder Bay: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

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How long is your commute?

From 316 Rita St. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 316 Rita St

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

Mortgage: $1,473; 20% down · 25 years · 5.5% assumed
Property tax: $165; 0.66% mill rate · ON
Total per month: $1,638; 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

$1,473

/mo

based on the purchase price of $299,900

Down payment20%

$59,980 cash

Amortization25 yr

$239,920 financed

Rate5.50%

$202,076 total interest

Principal54%$239,920

Interest46%$202,076

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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Listing brokerage: REMAX Generations Realty, BrokerageMLS® X14110424 · Listing data last updated October 23, 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 22· $428/sq ft

Estimated monthly mortgage$1,473/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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