87 Federation St S is a 3-bedroom, 1-bathroom detached home in Thessalon, listed for $239,900. It has 700-1100 sq ft of living space.
1One-Owner Bungalow, Steps from the Beach in Thessalon very well looked after and updated over the years!
2It is an easy walk to the sand beach at Peace Park and North Channel views.
3Inside, big, bright windows highlight the eat-in kitchen and large living room, where a patio door opens onto a large back deck for morning coffee and summer barbecues.
One-Owner Bungalow, Steps from the Beach in Thessalon very well looked after and updated over the years! Built in 1976 and kept spotless by its original owners, this 3-bedroom bungalow sits on a 0.2-acre lot with mature trees on Federation Street South. It is an easy walk to the sand beach at Peace Park and North Channel views. Inside, big, bright windows highlight the eat-in kitchen and large living room, where a patio door opens onto a large back deck for morning coffee and summer barbecues. Three bedrooms and a 4-piece bath round out the main-floor. Laminate and newer vinyl floors run throughout. Downstairs, the full, unfinished basement on a poured concrete foundation holds laundry and storage. There is plenty of room to finish a rec room or workshop your way. Outside, tall maples frame a generous backyard. The detached 20x14 garage. The big updates are taken care of: metal roof in 2023, 200-amp service, municipal water and sewer, electric baseboard heat with a gas fireplace that heats the house very economically, cable and high-speed internet available. The fridge, stove, dishwasher, freezer, air conditioner and dehumidifier are included. The home is vacant, with immediate possession, spotless and ready for its next owners.
3 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $343 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 87 Federation St S
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Basement
Unfinished, Full
Features & systems
Parking & garage
Garage
Yes
Interior
Basement
Unfinished · Full
Lot & land
Lot size (sqft)
0.2
Listing & possession
Property style
Bungalow
Property class
Detached
87 Federation St S Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14124776$239,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 87 Federation St S Compares to the Thessalon Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
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An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,179
/mo
based on the purchase price of $239,900
$47,980 cash
$191,920 financed
$161,647 total interest
Principal54%$191,920
Interest46%$161,647
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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Similar homes for sale nearby in Thessalon
Other 3-bed homes for sale in Thessalon around $240K.
Average days on market68Homes sold in about 68 days on average.
Sale-to-list ratio92.8%On average, homes sold below asking.
Active listings16Homes for sale here right now.
Based on 9 sales from Jul 30 – Oct 28, 2026. Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 87 Federation St S
How much is 87 Federation St S listed for?
87 Federation St S is listed at $239,900 (MLS® X14124776). Summitly updates the price as soon as the MLS® record changes.
Is $239,900 a good price for 87 Federation St S?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Thessalon. 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 87 Federation St S changed?
No — 87 Federation St S is still listed at its original asking price of $239,900.
How many bedrooms and bathrooms does 87 Federation St S have?
87 Federation St S has 3 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in Thessalon.
How much would the monthly mortgage be on 87 Federation St S?
About $1,179 a month — principal and interest on $239,900 with 20% down ($47,980), 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 87 Federation St S compare with other homes in Thessalon?
Its asking price of $239,900 is about 12% above the median sold price in Thessalon over the last 90 days, $215,000, across 9 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 87 Federation St S been sold before?
Summitly has no earlier MLS® sale or lease of 87 Federation St S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 87 Federation St S?
87 Federation St S is in Thessalon, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 87 Federation St S been on the market?
87 Federation St S was listed today (October 28, 2026).
What is the price per square foot of 87 Federation St S?
About $218 to $343 per square foot: the asking price of $239,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 87 Federation St S have parking or a garage?
Garage: Yes.
Does 87 Federation St S have a basement, and is it finished?
The listing describes the basement as: Unfinished, Full.