About this home
Visit the REALTOR website for further information about this Listing. Stunning Waterfront Retreat on Lake Shebandowan. Experience the ultimate in lakeside living with this breathtaking year-round home on the serene shores of Lake Shebandowan. Designed for comfort, style, and relaxation, this property seamlessly blends rustic charm with modern conveniences. Featuring real log siding, soaring vaulted ceilings finished with knotty pine, and a cozy propane fireplace in the great hall, this home exudes warmth and character. Enjoy unparalleled outdoor living with a wrap-around main floor deck that offers stunning lake views, a lower-level stone patio perfect for entertaining, and a private 40-foot dock where you can soak in the tranquility of the water. The main floor boasts two spacious bedrooms, including a luxurious primary suite with an ensuite bathroom and a generous walk-in closet. The modern kitchen is a chef's dream, complete with custom cabinetry, new stainless-steel appliances, and high-end finishes that make every meal a delight. The fully finished lower level provides additional living space with a walkout to the stone patio, a large family room, and additional bedrooms. Indulge in ultimate relaxation with an indoor cedar sauna featuring pine benches, adjacent to a shower room finished with sleek porcelain tile. The home is designed for year-round comfort, offering radiant in-floor heating, a forced air furnace, and an air-tight wood fireplace to keep you warm during the colder months. High-quality finishes such as Brazilian teak hardwood flooring, solid pine interior doors, and ceramic tile accents throughout add to the home's appeal. A 22kW automatic backup generator ensures uninterrupted power, providing peace of mind no matter the season. This waterfront paradise is more than just a home - it's a retreat where you can enjoy peaceful mornings by the lake, cozy evenings by the fire, and a lifestyle that embraces nature.
The home
- Type
- Rural residential
- Style
- 2-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 2
- Basement bedrooms
- 2
- Bathrooms
- 3
- Kitchens
- 2
- Rooms
- 8
- Basement
- Finished with Walk-Out, Separate Entrance
- Lot size
- 99 x 300 ft
- Faces
- South
- View
- Lake, River
- Approximate age
- 6-15 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Carbon Monoxide Detectors, Smoke Detector
- Exterior
- Log, Wood
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Radiant
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Driveway spaces
- 6
- Total parking
- 6
- Parking features
- Lane
Taxes & other
- Property taxes
- $2,852/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- Immediate
- Cross street
- West HWy 11
More
- Price per sq ft
- ~$292 (at 3,250 sq ft)
- MLS® number
- X13841962
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The home and its surroundings
- Air Exchanger
- Carpet Free
- ERV/HRV
- Floor Drain
- Primary Bedroom - Main Floor
- Propane Tank
- Sauna
- Separate Heating Controls
- Sump Pump
- Water Heater Owned
- Clear View
- Lake Access
- Lake/Pond
- Rec./Commun.Centre
- Waterfront
- Deck
- Landscaped
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 477 HWY 586 N/A
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 477 HWY 586
Answers come straight from this home’s MLS® listing.
How much is 477 HWY 586 listed for, and what would it cost each month?
477 HWY 586 is listed for $949,000. With 20% down ($189,800), the mortgage payment would be roughly $3,828 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,066 a month, all in. That figure is an illustration, not a quote.
Is 477 HWY 586 freehold or a condo, and is there a monthly fee?
477 HWY 586 is a rural residential in Thunder Bay. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 477 HWY 586 have?
477 HWY 586 has 2 bedrooms, plus 2 more bedrooms in the basement, and 3 bathrooms. The listing gives the style as 2-storey.
Does 477 HWY 586 have a garage and parking?
The listing does not show a garage. The driveway adds 6 spaces. In total the listing counts 6 parking spaces.
Does 477 HWY 586 have a finished basement?
The listing describes the basement as finished with walk-out, separate entrance. It counts 2 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 477 HWY 586?
477 HWY 586 is a rural residential. A detached home stands on its own lot with no shared walls.
How big is 477 HWY 586, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 99 x 300 ft.
How is 477 HWY 586 heated and cooled?
Heating is radiant (gas). Cooling is central air.
What are the property taxes for 477 HWY 586?
Property taxes are $2,852 a year (2026), or about $238 a month.
Where is 477 HWY 586?
477 HWY 586 is in Thunder Bay. The nearest main intersection is West HWy 11. The postal code is P0T 2T0.
Is 477 HWY 586 still for sale?
Yes. It is an active listing (MLS® X13841962). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 477 HWY 586 asking?
Similar properties for sale nearby right now include 186 BRUIN Crescent at $979,000 (3+2 bed), 1155 Victor Street S at $799,900 (3 bed) and 2110 Whitegates Drive at $1,100,000 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 477 HWY 586 N/A sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 477 HWY 586?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
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Detached home$979,000186 BRUIN Crescent, Thunder Bay3+2 bed · 3 bath · ParkdaleCourtesy of: REMAX First Choice Realty Ltd.View home →
Detached home$799,9001155 Victor Street S, Thunder Bay3 bed · 3 bath · Rosslyn RoadCourtesy of: REMAX First Choice Realty Ltd.View home →
Detached home$1,100,0002110 Whitegates Drive, Thunder Bay4 bed · 4 bath · Rosslyn RoadCourtesy of: REMAX First Choice Realty Ltd.View home →Courtesy of: EASY LIST REALTY LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.