637 Catherine St., Thunder Bay

$349,900
637 Catherine St.

$349,900

New
78d
Detached2-Storey

637 Catherine St., Thunder Bay

Total Monthly Obligation $2,094

Beds
3
Baths
1
Park
0
DOM
78d
Score
36
Yield
8.6%
Cash on Cash
10.5%
Cap Rate
6.8%
5Y IRR
24.0%
10Y IRR
21.7%
Property Type-Detached
MLS® Number-X13645840
Beds-3
Bathrooms-1
Lot Size-25 × 133 ft
Listed on site-Aug 6, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,694 (2025)
Parking-Detached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE LANNON REALTY
Cooling-Central Air
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Immediate
Neighbourhood-Hyde Park
Title-Residential Freehold

No agent assigned

Charming 2.5-storey home tucked into a sought-after Hyde Park pocket that's only climbing in value! This 3 bedroom, 1 bath home offers 510 sq ft on the main floor and 1,384 sq ft total of comfortable living space, filled with character including two cozy fireplaces. Step out onto the overlooking deck and enjoy a fully fenced rear yard — ideal for pets, kids, or summer entertaining. Parking is covered with a detached carport/one car garage plus space for an additional vehicle. Major updates already done for you: newer shingles, furnace, and central air — real peace of mind for years to come. Set on a 25' x 133' lot, you're walking distance to three schools, parks, and shopping in one of Thunder Bay's most desirable and appreciating neighbourhoods. Don't miss this one!

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$2,094/mo
Mortgage $1,411
Monthly Loss $1,723
Principal$371
Interest$1,040
Property Tax$308
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.4%42
Cash-on-Cash
2.5%13
5-Year IRR
17.8%85
10-Year IRR
17.0%
Returns Index
47.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
36/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$30,000/yr
NOI
$18,806/yr
Net Cash Flow
$156/mo
Cash Margin
6.2%15
Cash Flow Index
14.8/ 100
Risk Profile
Weight: 20%
DSCR
1.1136
LTV Ratio
80.0%18
Vacancy Buffer
4.5 mo77
Risk Index
43.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 637 Catherine St.

Time

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Data last updated within the past 24 hours.