Welcome to 545 Lanark Cres! This refreshed bungalow is move in ready with quality modern updates completed in 2026. Step inside to discover brand new flooring, fresh paint throughout and a bright, stylish kitchen designed for everyday living and entertaining. The updated four piece washroom features quality finishes that tie the home seamlessly together. The main level features two comfortable bedrooms, alongside a separate dining room for those family dinners. Downstairs the full unfinished basement provides an open canvas with great potential for a family room or an extra bedroom or two. An incredible opportunity for the first time home buyer. Don't wait!
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $527 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 545 Lanark Cres
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
1 space
Basement
Full, Unfinished
Features & systems
Parking & garage
Parking spaces
1
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
545 Lanark Cres Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14118236$369,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 545 Lanark Cres 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
$1,813
/mo
based on the purchase price of $369,000
$73,800 cash
$295,200 financed
$248,636 total interest
Principal54%$295,200
Interest46%$248,636
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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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Zara · AI virtual agent
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 2–3 bed homes for sale in Thunder Bay around $369K.
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 listings174Homes for sale here right now.
Median vs prior 90 days−2.9%Compared with Apr 29 – Jul 28, 2026: prices down.
Based on 520 sales from Jul 28 – Oct 26, 2026 (294 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 545 Lanark Cres
How much is 545 Lanark Cres listed for?
545 Lanark Cres is listed at $369,000 (MLS® X14118236). Summitly updates the price as soon as the MLS® record changes.
Is $369,000 a good price for 545 Lanark Cres?
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 545 Lanark Cres changed?
No — 545 Lanark Cres is still listed at its original asking price of $369,000.
How many bedrooms and bathrooms does 545 Lanark Cres have?
545 Lanark Cres has 2 bedrooms 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 545 Lanark Cres?
About $1,813 a month — principal and interest on $369,000 with 20% down ($73,800), 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 545 Lanark Cres compare with other homes in Thunder Bay?
Its asking price of $369,000 is about 9% below the median sold price in Thunder Bay over the last 90 days, $405,000, across 520 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 545 Lanark Cres been sold before?
Summitly has no earlier MLS® sale or lease of 545 Lanark Cres on record from the last two years. Older records aren't shown under TRREB rules.
Where is 545 Lanark Cres?
545 Lanark Cres is in Thunder Bay, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 545 Lanark Cres been on the market?
545 Lanark Cres was listed today (October 26, 2026).
What is the price per square foot of 545 Lanark Cres?
About $335 to $527 per square foot: the asking price of $369,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 545 Lanark Cres have parking or a garage?
Yes — the listing gives 1 parking space.
Does 545 Lanark Cres have a basement, and is it finished?
The listing describes the basement as: Full, Unfinished.
