202 Water Street, Thessalon, ON

$494,000
MLS#:X13236182
4 beds
2 baths
1500-2000 sqft
2.0 parking
Residential Freehold
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Added:Jun 3, 2026(87 days ago)
Updated:Jun 3, 2026(87 days ago)
Last Checked:25 minutes ago

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Thessalon. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $494,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 69.65 x 163.65 ft lot
  • Features a full, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Auto Garage Door Remote, Sump Pump, Water Heater Owned
  • Efficient other heating via gas

Description

This spacious character home blends timeless charm with thoughtful updates and beautiful views of the Thessalon River. The home features an updated kitchen with stainless steel countertops overlooking the backyard and open sightlines to the dining and living areas, creating a welcoming space for everyday living and entertaining. The bright living room is anchored by a large bay window that captures scenic river views, while the adjoining dining room and flexible office/playroom area provide plenty of room for family gatherings and day-to-day activities. A main floor bedroom located off the sun porch offers convenient one-level living options, complemented by a nearby powder room. Upstairs, you'll find three additional bedrooms, including riverside rooms showcasing original hardwood flooring, a full bath, and a cozy craft room or reading nook with river views. Enjoy morning coffee in the enclosed sun porch and screened front and side porch, or relax on the newer decks while taking in the peaceful surroundings. Recent updates include the full asphalt shingle roof replacement in 2018. Outside, the heated and wired 24' x 32' detached garage is ideal for vehicles, hobbies, or workshop space, with additional storage provided by a shed and gazebo. Situated on a generous lot close to downtown amenities, schools, shopping, and healthcare, this property offers the best of small-town living. Take a short walk to the marina, waterfront parks, and the sandy shores of Lake Huron, where beaches, boating, and stunning sunsets are part of everyday life. With its blend of character, space, updates, and river views, this is a home that has been enjoyed for generations and is ready to welcome its next chapter.

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Property Summary

This detached home located at 202 Water Street, Thessalon is currently for sale and has been available on SousaSells for 87 days. This property is listed at $494,000 with an estimated mortgage of $1,644* per month. It has 4 beds, 2 bathrooms, and is 1500-2000 square feet. 202 Water Street, Thessalon

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Thessalon.

Highly Recommended for Families
What We Love About This Home
  • •4 spacious bedroom layout offering versatile living space
  • •2 well-appointed bathrooms
  • •1500-2000 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Thessalon.

Target Buyer Match

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
AddedJun 3, 2026 (87 days ago)
UpdatedJun 3, 2026 (87 days ago)
Last Checked25 minutes ago
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionAluminum Siding
BasementFull, Unfinished
Lot Size69.65 Ă— 163.65 Feet
CountyAlgoma
Annual Tax$2,259.34
Legal DescriptionPT LT 13 BLK I THESSALON INDIAN RESERVE THESSALON AS IN T408748 TOWN OF THESSALON

Parking & Garage

Parking Total2.0
Parking Space1
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeOther
CoolingNone

Features

Property Features

  • Beach
  • Lake Access
  • River/Stream
  • Park
  • Lake/Pond
  • Waterfront

Interior Features

  • Auto Garage Door Remote
  • Sump Pump
  • Water Heater Owned
  • Other

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 202 Water Street, Thessalon, ON

Q.What is the asking price for 202 Water Street, Thessalon, ON ?

The current listing price for 202 Water Street, Thessalon, ON in Thessalon is $494,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 4 bedrooms and 2 bathrooms across approximately 1500-2000 sqft.

Q.What property type and architectural style is 202 Water Street, Thessalon, ON ?

202 Water Street, Thessalon, ON is a Detached (2-Storey) featuring a Full, Unfinished basement.

Q.What key property features does 202 Water Street, Thessalon, ON offer?

Key property features include: Beach, Lake Access, River/Stream, Park, Lake/Pond, Waterfront.

Q.What interior features are included in this home?

Interior highlights include: Auto Garage Door Remote, Sump Pump, Water Heater Owned, Other.

Q.Is parking available at this property?

Yes, this property offers parking space for 2.0 vehicles (Detached).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via None.

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Location

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202 Water Street, Thessalon, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Thessalon, Thessalon

SAFETY RATING9.4 / 10
Low Incident Area
Total Annual Incidents35 incidents / yr
Average Per Month2.9 incidents / mo
Population BenchmarkArea Average residents
Personal Safety
Very Low

8 assaults (30.0/100k)

Property Security
Very Low

8 B&E (30.0/100k)

Auto Theft Risk
Low Risk

10 thefts (35.0/100k)

1-Year Trend
â–Ľ 6%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Official Police Services ArcGIS Open Data
Halton & GTHA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 202 Water Street, Thessalon, ON P0R 1L0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Thessalon.

Configure Loan Settings

Interest Rate4.00%
Down Payment$148,200 (30.0%)
* Minimum Canadian down payment required for this price is $24,700.
Amortization Period30 Years
Estimated Monthly Payment$1,644Based on a loan of $345,800 over 30 years.
Purchase Price$494,000
Loan Amount$345,800
Provincial Land Transfer Tax:$6,355
Total Estimated Closing Taxes:$6,355

About Purchasing a Home in Thessalon, ON

For a property listed at $494,000 in Thessalon, the legal minimum down payment is $24,700 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,355 for this transaction. As this listing is in Thessalon (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,355.

Thessalon Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Thessalon.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$494,000

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in Thessalon

Elementary Schools

Thessalon
Public90 Stanley Street, Thessalon, Ontario, P0R 1L0
3.9

Secondary Schools

No secondary schools data loaded.

Thessalon Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.

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