$494,000
202 Water Street, Thessalon, ON P0R 1L0
4 Beds
2 Baths
2 Parking
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.

Property Summary

Property Type Residential Freehold
Property Sub Type Detached
Transaction Type For Sale
Style 2-Storey
Bedrooms Above Grade 4
Bathrooms 2
Kitchens 1
Basement Full, Unfinished
Exposure West

Building

Building Type Detached
Square Footage 1500-2000
Exterior Aluminum Siding
Foundation Concrete
Roof Asphalt Shingle
Heating Other
Heat Source Gas
Cooling None
Fireplace No

Measurements

Lot Size 69.65 x 163.65
Lot Size Units Feet
Frontage 69.65
Depth 163.65
Total Living Area 1500-2000

Land

Address 202 Water Street, Thessalon, ON P0R 1L0
City Thessalon
County / Area Algoma
Cross Street Government Road / Hwy 17
Sewer Sewer
Pool None
Parcel Number 314461347

Parking and Garage

Total Parking 2
Garage Spaces 1.5
Garage Type Detached
Parking Features Private

Taxes and Listing Info

List Price $494,000
Annual Taxes $2,259
Tax Year 2025
Status Active
Listing Date 2026-06-03T19:04:49Z
MLS Number X13236182
Local Market Insight

What Buyers Should Know About 202 Water Street, Thessalon, ON P0R 1L0

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

202 Water Street, Thessalon, ON P0R 1L0 is positioned in Thessalon, a part of Thessalon where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 2-Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Detached should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Government Road / Hwy 17, public transit options, parking availability, and drive times to employment areas. A property with 2 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $494,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 4 bedrooms, 2 bathrooms, basement details marked as Full, Unfinished, and a lot size of 69.65 x 163.65, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Thessalon, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Thessalon. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 202 Water Street, Thessalon, ON P0R 1L0, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.