Cheap Houses and Condos for Sale in North Bay

Listings last updated 07/18/2019

Cheap Homes in North Bay

1 - 24 of 127 Results
    • 4 Baths
    • Single family
    Less than one day on Point2 Homes
    • 2 Beds
    • 1 Baths
    • Condo
    Sat, 20 July 12:00 PM to 1:30 PM
    • 2 Beds
    • 1 Baths
    • Single family
    Sat, 20 July 12:00 PM to 1:30 PM
    • 4 Beds
    • 4 Baths
    • 1,800 Sqft
    • Single family
    Sat, 20 July 10:00 AM to 11:30 AM
    • 4 Beds
    • 1 Baths
    • Single family
    Less than one day on Point2 Homes
    • 4 Beds
    • 2 Baths
    • Single family
    Sat, 20 July 10:00 AM to 11:30 AM
    • 4 Beds
    • 2 Baths
    • Single family
    Less than one day on Point2 Homes
    • 3 Beds
    • 2 Baths
    • 900 Sqft
    • 1.17 ac Lot Size
    • Single family
    Sat, 20 July 10:00 AM to 11:30 AM
    • 2 Beds
    • 1 Baths
    • 960 Sqft
    • Single family
    Sat, 20 July 12:00 PM to 1:00 PM
    • 3 Beds
    • 2 Baths
    • 2,200 Sqft
    • Single family
    Sat, 20 July 10:00 AM to 11:00 AM
    • 5 Beds
    • 3 Baths
    • Single family
    Less than one day on Point2 Homes
    • 3 Beds
    • 1 Baths
    • 1,296 Sqft
    • Single family
    Sat, 20 July 12:00 PM to 1:30 PM
    • 3 Beds
    • 2 Baths
    • Single family
    Sat, 20 July 10:00 AM to 11:30 AM
    • 4 Beds
    • 1 Baths
    • 1,068 Sqft
    • Single family
    Sat, 20 July 10:00 AM to 11:30 AM
    • 2 Beds
    • 2 Baths
    • 808 Sqft
    • Single family
    Sat, 20 July 10:00 AM to 11:30 AM
    • 3 Beds
    • 2 Baths
    • 0.38 ac Lot Size
    • Single family
    Less than one day on Point2 Homes
    • 5 Beds
    • 2 Baths
    • 1,271 Sqft
    • Single family
    Sat, 20 July 12:00 PM to 1:30 PM
    • 4 Beds
    • 2 Baths
    • 1,000 Sqft
    • Single family
    Sat, 20 July 10:00 AM to 11:30 AM
    • 4 Beds
    • 2 Baths
    • Single family
    Sat, 20 July 12:00 PM to 1:30 PM
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Finding cheap houses for sale in North Bay, ON

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There are 127 cheap houses for sale in North Bay, ON

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CITY GUIDE
North Bay, Ontario

North Bay, located in the Northeast of the province of Ontario, has historically been referred to as the “Gateway to The North” due to its strong transport and communication links to communities in the north, as well as the south, east and west. It’s a vibrant city with a diverse and friendly community and a population of around 51,500, while the trading area has a population of 112,000. Since the city sits on the eastern shore of Lake Nipissing, the climate is affected by its proximity to the water so temperatures are somewhat cooler than other areas of Ontario. Temperatures frequently hit -15°C in the winter time and snow is common, while the average high in the summer time is around 23°C.

North Bay has a very healthy economy and is very small-business friendly, with excellent health services, power centres, education, and an abundance of recreational activities. The city is very economically diverse, with its major employers being the public sector, as well as the tourism industry, services, mining, and transport. Popular activities include hiking, since there are many trails in and around the city, as well as water-based activities such as boating, fishing, and swimming, along with cross-country skiing and snowmobiling on the 3,400km of groomed trails.

North Bay is growing and it’s conveniently located just 3.5 hours from major Ontarian cities like Toronto and Ottawa. Its population is primarily white (91%), with 6% of the population being of Aboriginal heritage. English is spoken as mother tongue by 78% of the population, with French being the primary language for 16% of residents. The city offers a lovely quality of life, a fairly low cost of living and affordable real estate, making it a very attractive place to live for young professionals, families, and retirees alike.

North Bay, Ontario

North Bay, Ontario
real estate market overview

Real Estate Market Overview

North Bay boasts a strong and growing real estate market with affordable housing and a lovely quality of life. Homes are up 23% from the previous year and there is a good level of inventory offering buyers choice. North Bay’s market is very healthy due to a high level of confidence and stable prices. The recent uplift is largely driven by local buyers and its slow population growth is sustaining its expansion in real estate. In comparison to markets like Toronto, where the average housing price is almost 4 times or more what it is in North Bay, the city seems like an appealing choice.

The average house price is around $254,300, and the market has remained fairly stable over the last 5-10 years, making it a great place to buy or invest. Real estate generally consists of affordable properties and a mix of detached homes, condos, heritage homes, new-builds, and waterfront houses. The key neighbourhoods are Thibeault Terrace, Airport Hill, Graniteville, Pinewood, Birchaven, Central and Ferris. Buyers have a choice of property types, from lakeside condos, to old, heritage Victorian houses, to executive homes, to newer, more modern housing units.

real estate market overview

Affordable Real Estate Market Overview

North Bay has a number of great neighbourhoods, some of which offer a central, city-like setting, while others offer a country feel with more land and space. Real estate is reasonably priced here and there are homes to suit all budgets.

Housing under $160,000 can be found in areas like Downtown, Ferris, and Marshall Park, and one-story bungalow homes can be found for as little as $50,000 in certain areas. Renting is also fairly common so there are great opportunities for investments too.

cheap real estate market overview