490 Lanark Cres is a 3-bedroom, 1-bathroom semi-detached home in Thunder Bay, listed for $289,900. It has 700-1100 sq ft of living space.
1Welcome to this inviting 3 bedroom, 1 bathroom family home in the County Fair neighbourhood!
2Featuring refreshed interiors, updated flooring throughout, and a stylish kitchen, this home offers a comfortable and functional space for everyday living.
3The interior has been freshly painted, creating a bright, refreshed feel.
Welcome to this inviting 3 bedroom, 1 bathroom family home in the County Fair neighbourhood! Featuring refreshed interiors, updated flooring throughout, and a stylish kitchen, this home offers a comfortable and functional space for everyday living. The interior has been freshly painted, creating a bright, refreshed feel. Outside, enjoy the backyard deck, perfect for relaxing or entertaining. With numerous updates completed throughout 2025 and 2026, this home is a wonderful opportunity for families, first-time buyers, or anyone looking for a place to call home!
3 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $414 per square foot. Chat with Zara if you'd like a deeper read on whether this semi-detached fits your budget and timing.
Inside 490 Lanark Cres
Every detail from the listing, in one place.
Type
Semi-Detached
Style
2-Storey
Living space
700-1100 sq ftas stated on the listing
Parking
2 spaces
Basement
None
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Semi-Detached
490 Lanark Cres 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
$1,424
/mo
based on the purchase price of $289,900
$57,980 cash
$231,920 financed
$195,338 total interest
Principal54%$231,920
Interest46%$195,338
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-bed homes for sale in Thunder Bay around $290K.
Average days on market25Homes sold in about 25 days on average.
Sale-to-list ratio106.1%On average, homes sold at or above asking.
Active listings176Homes for sale here right now.
Median vs prior 90 days−0.9%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 506 sales from Jul 24 – Oct 22, 2026 (288 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 490 Lanark Cres
How much is 490 Lanark Cres listed for?
490 Lanark Cres is listed at $289,900 (MLS® X14107612). Summitly updates the price as soon as the MLS® record changes.
Is $289,900 a good price for 490 Lanark Cres?
Summitly rates it Good Deal: the asking price is 3% to 10% 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 490 Lanark Cres changed?
No — 490 Lanark Cres is still listed at its original asking price of $289,900.
How many bedrooms and bathrooms does 490 Lanark Cres have?
490 Lanark Cres has 3 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a semi-detached home in Thunder Bay.
How much would the monthly mortgage be on 490 Lanark Cres?
About $1,424 a month — principal and interest on $289,900 with 20% down ($57,980), 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 490 Lanark Cres compare with other homes in Thunder Bay?
Its asking price of $289,900 is about 29% below the median sold price in Thunder Bay over the last 90 days, $408,750, across 506 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 490 Lanark Cres been sold before?
Yes — Summitly has 1 earlier MLS® listing of 490 Lanark Cres on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 490 Lanark Cres?
490 Lanark Cres is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 490 Lanark Cres been on the market?
490 Lanark Cres was listed today (October 22, 2026).
What is the price per square foot of 490 Lanark Cres?
About $264 to $414 per square foot: the asking price of $289,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 490 Lanark Cres have parking or a garage?
Yes — the listing gives 2 parking spaces.
Does 490 Lanark Cres have a basement, and is it finished?
