Great Investment Opportunity! This 4 PLEX is Located in a Good Southward Neighbourhood. Plenty of Parking at Front. Features 2- 3 Bedroom Units, and 2- 2 Bedroom Units.
6 bedrooms, 4 bathrooms, about 1,500 sq ft, works out to roughly $367 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 408 Donald St W
Every detail from the listing, in one place.
Type
Fourplex
Style
Bungalow
Living space
1500-2000 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Apartment, Separate Entrance
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Apartment · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Fourplex
408 Donald St W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14126240$549,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 408 Donald St W 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
$2,701
/mo
based on the purchase price of $549,900
$109,980 cash
$439,920 financed
$370,528 total interest
Principal54%$439,920
Interest46%$370,528
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.
Keep looking near 408 Donald St W
Homes for sale in Thunder Bay
Every active Thunder Bay MLS® listing, updated all day.
Average days on market25Homes sold in about 25 days on average.
Sale-to-list ratio105.9%On average, homes sold at or above asking.
Active listings173Homes for sale here right now.
Median vs prior 90 days−2.5%Compared with May 2 – Jul 31, 2026: prices down.
Based on 504 sales from Jul 31 – Oct 29, 2026 (312 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 408 Donald St W
How much is 408 Donald St W listed for?
408 Donald St W is listed at $549,900 (MLS® X14126240). Summitly updates the price as soon as the MLS® record changes.
Is $549,900 a good price for 408 Donald St W?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 408 Donald St W changed?
No — 408 Donald St W is still listed at its original asking price of $549,900.
How many bedrooms and bathrooms does 408 Donald St W have?
408 Donald St W has 6 bedrooms and 4 bathrooms, with about 1,500–2,000 square feet of living space. It is a fourplex in Thunder Bay.
How much would the monthly mortgage be on 408 Donald St W?
About $2,701 a month — principal and interest on $549,900 with 20% down ($109,980), 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 408 Donald St W compare with other homes in Thunder Bay?
Its asking price of $549,900 is about 35% above the median sold price in Thunder Bay over the last 90 days, $407,250, across 504 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 408 Donald St W been sold before?
Summitly has no earlier MLS® sale or lease of 408 Donald St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 408 Donald St W?
408 Donald St W is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 408 Donald St W been on the market?
1 day — 408 Donald St W was listed on October 28, 2026.
What is the price per square foot of 408 Donald St W?
About $275 to $367 per square foot: the asking price of $549,900 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 408 Donald St W have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.
Does 408 Donald St W have a basement, and is it finished?
The listing describes the basement as: Apartment, Separate Entrance.