5 Steele Ave is a 3-bedroom, 1-bathroom detached home in Red Rock, listed for $109,900. It has 1100-1500 sq ft of living space.
1The home offers a large eat-in kitchen with gas stove, original hardwood flooring, a full open basement, private backyard and detached single-car garage.
2Some important improvements have already been completed, including updated shingles, a high-efficiency furnace and 100-amp breaker panel.
3BasementUnfinished, Full, as described in the listing.
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3 Bed, 1 Bath Detached Home in Red Rock
About 5 Steele Avenue
This affordable 3-bedroom, 2-storey home offers an excellent opportunity for renovators, investors, first-time buyers with renovation experience, or anyone looking for a property they can finish to their own taste. Following a small fire in the bathroom, most of the upper-level interior walls have been gutted for remediation, creating a head start for someone ready to renovate, restore and add value-whether as a future home or a potential flip. The home offers a large eat-in kitchen with gas stove, original hardwood flooring, a full open basement, private backyard and detached single-car garage. Some important improvements have already been completed, including updated shingles, a high-efficiency furnace and 100-amp breaker panel. Located in a quiet small-town setting with convenient four-lane highway access to Thunder Bay, you'll be close to the shores of Lake Superior and surrounded by hiking trails, recreational lakes, fishing, boating and endless outdoor opportunities. If you're looking for an affordable property with renovation potential in a great Northern Ontario community, bring your ideas and make this one your own.
3 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $100 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 5 Steele Ave
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
3 spaces
Basement
Unfinished, Full
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Unfinished · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
5 Steele Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13809566$109,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 5 Steele Ave Compares to the Red Rock Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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
$540
/mo
based on the purchase price of $109,900
$21,980 cash
$87,920 financed
$74,052 total interest
Principal54%$87,920
Interest46%$74,052
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.
Keep looking near 5 Steele Ave
Homes for sale in Red Rock
Every active Red Rock MLS® listing, updated all day.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio93.4%On average, homes sold below asking.
Active listings10Homes for sale here right now.
Based on 5 sales from Aug 12 – Nov 10, 2026. Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 5 Steele Ave
How much is 5 Steele Ave listed for?
5 Steele Ave is listed at $109,900 (MLS® X13809566). Summitly updates the price as soon as the MLS® record changes.
Has the price of 5 Steele Ave changed?
No — 5 Steele Ave is still listed at its original asking price of $109,900.
How many bedrooms and bathrooms does 5 Steele Ave have?
5 Steele Ave has 3 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a detached home in Red Rock.
How much would the monthly mortgage be on 5 Steele Ave?
About $540 a month — principal and interest on $109,900 with 20% down ($21,980), 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 5 Steele Ave compare with other homes in Red Rock?
Its asking price of $109,900 is about 48% below the median sold price in Red Rock over the last 90 days, $210,000, across 5 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 5 Steele Ave been sold before?
Summitly has no earlier MLS® sale or lease of 5 Steele Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5 Steele Ave?
5 Steele Ave is in Red Rock, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5 Steele Ave been on the market?
53 days — 5 Steele Ave was listed on September 18, 2026.
What is the price per square foot of 5 Steele Ave?
About $73 to $100 per square foot: the asking price of $109,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 5 Steele Ave have parking or a garage?
Yes — the listing gives 3 parking spaces.
Does 5 Steele Ave have a basement, and is it finished?
The listing describes the basement as: Unfinished, Full.
