Your first home doesn't have to be big-it just has to be yours! If you're tired of watching your hard-earned money disappear into rent each month, this charming 1-bedroom, 1.5-storey home could be the opportunity you've been waiting for to get into the market and start building equity of your own. Built in 1910 and lovingly kept in the same family for years, it's now ready for a new owner to begin the next chapter. Filled with character, the living and dining rooms are separated by gorgeous original woodwork, while the large eat-in kitchen brings back memories of when the kitchen was the heart of every home and everyone gathered around the table. Upstairs, the spacious primary suite offers a comfortable retreat and is conveniently located next to the bathroom with its classic claw-foot tub. Enjoy morning coffee on the front porch, summer evenings on the back porch, and the freedom of having your own fully fenced backyard with room for a vegetable garden, pets or outdoor entertaining, plus a large storage shed. Located on a quiet street with natural gas heating and no rental equipment, this is a wonderful opportunity for a first-time buyer, young couple or single professional to stop renting, put down some roots and start investing in a home of their own. Why keep paying someone else's mortgage when you could be building toward your own future?
1 bedroom, 1 bathroom, about 700 sq ft, works out to roughly $228 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 531 Mctavish St
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
700-1100 sq ftas stated on the listing
Basement
Crawl Space
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
531 Mctavish St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14025238$159,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 531 Mctavish St 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
$786
/mo
based on the purchase price of $159,900
$31,980 cash
$127,920 financed
$107,742 total interest
Principal54%$127,920
Interest46%$107,742
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.
Similar homes for sale nearby in Thunder Bay
Other 2-bed homes for sale in Thunder Bay around $160K.
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 listings189Homes for sale here right now.
Median vs prior 90 days+2.5%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 506 sales from Jul 15 – Oct 13, 2026 (279 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 531 Mctavish St
How much is 531 Mctavish St listed for?
531 Mctavish St is listed at $159,900 (MLS® X14025238). Summitly updates the price as soon as the MLS® record changes.
Is $159,900 a good price for 531 Mctavish St?
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 531 Mctavish St changed?
No — 531 Mctavish St is still listed at its original asking price of $159,900.
How many bedrooms and bathrooms does 531 Mctavish St have?
531 Mctavish St has 1 bedroom and 1 bathroom, 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 531 Mctavish St?
About $786 a month — principal and interest on $159,900 with 20% down ($31,980), 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 531 Mctavish St compare with other homes in Thunder Bay?
Its asking price of $159,900 is about 61% below the median sold price in Thunder Bay over the last 90 days, $410,000, 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 531 Mctavish St been sold before?
Summitly has no earlier MLS® sale or lease of 531 Mctavish St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 531 Mctavish St?
531 Mctavish St is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 531 Mctavish St been on the market?
531 Mctavish St was listed today (October 13, 2026).
What is the price per square foot of 531 Mctavish St?
About $145 to $228 per square foot: the asking price of $159,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 531 Mctavish St have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
What is the land transfer tax on 531 Mctavish St?
About $1,324 in Ontario land transfer tax at the asking price of $159,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
