420 Edward St N is a 5-bedroom, 2-bathroom detached home in Thunder Bay, listed for $425,000. It has 700-1100 sq ft of living space.
1Welcome to 420 Edward Street N, a beautifully updated 1,040 sq. ft. bungalow offering a flexible layout, modern finishes, and plenty of potential.
2The home features modern finishes and is clean, comfortable, and move-in ready.Driveways accessed from both Edward Street and Ward Street provide excellent parking options.
3BasementFinished, Separate Entrance, as described in the listing.
Welcome to 420 Edward Street N, a beautifully updated 1,040 sq. ft. bungalow offering a flexible layout, modern finishes, and plenty of potential. The main floor is currently rented, providing an excellent opportunity for investors or buyers looking for rental income, while the overall layout also makes this a great option for a family home.The main floor features 3 bedrooms, a 4-piece bathroom, spacious living areas, and a modern kitchen with updated finishes. The fully developed basement, which is currently vacant, adds even more versatility with 2 additional bedrooms, a second kitchen, a 3-piece bathroom, and plenty of space for family, guests, a home office, or extended family living. Numerous updates have been completed throughout the property, including shingles, siding, soffit, and fascia in 2020. The home features modern finishes and is clean, comfortable, and move-in ready.Driveways accessed from both Edward Street and Ward Street provide excellent parking options. The location is a real highlight, with groceries, shopping, restaurants, the college, and everyday amenities all close by, making this a convenient choice for families, students, or tenants alike.Whether you're looking for a comfortable family home with additional living space or a property with strong rental potential, 420 Edward Street N offers flexibility, modern updates, and an excellent location.
5 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $607 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.Ask Zara a follow-up
Inside 420 Edward St N
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
4 spaces
Basement
Finished, Separate Entrance
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Finished · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
420 Edward St N Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13875536$425,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 420 Edward St N Compares to the Thunder Bay Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$2,088
/mo
based on the purchase price of $425,000
$85,000 cash
$340,000 financed
$286,369 total interest
Principal54%$340,000
Interest46%$286,369
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 PropTx 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 PropTx 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 PropTx, 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 4–5 bed homes for sale in Thunder Bay around $425K.
Average days on market25Homes sold in about 25 days on average.
Sale-to-list ratio106.4%On average, homes sold at or above asking.
Active listings186Homes for sale here right now.
Median vs prior 90 days+2.5%Compared with Apr 11 – Jul 10, 2026: prices up.
Based on 519 sales from Jul 10 – Oct 8, 2026 (275 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 420 Edward St N
How much is 420 Edward St N listed for?
420 Edward St N is listed at $425,000 (MLS® X13875536). Summitly updates the price as soon as the MLS® record changes.
Is $425,000 a good price for 420 Edward St N?
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 420 Edward St N changed?
No — 420 Edward St N is still listed at its original asking price of $425,000.
How many bedrooms and bathrooms does 420 Edward St N have?
420 Edward St N has 5 bedrooms and 2 bathrooms, 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 420 Edward St N?
About $2,088 a month — principal and interest on $425,000 with 20% down ($85,000), 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.
How does 420 Edward St N compare with other homes in Thunder Bay?
Its asking price of $425,000 is about 4% above the median sold price in Thunder Bay over the last 90 days, $410,000, across 519 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 420 Edward St N been sold before?
Summitly has no earlier MLS® sale or lease of 420 Edward St N on record from the last two years. Older records aren't shown under TRREB rules.
Where is 420 Edward St N?
420 Edward St N is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 420 Edward St N been on the market?
420 Edward St N was listed today (October 8, 2026).
What is the price per square foot of 420 Edward St N?
About $386 to $607 per square foot: the asking price of $425,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 420 Edward St N have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 420 Edward St N have a basement, and is it finished?
The listing describes the basement as: Finished, Separate Entrance.