Thunder Bay Real Estate

120 of 21

Houses for Sale in Thunder Bay

Prices from $129,000 CAD to $649,000 CAD Listings last updated 05/18/2017
$165,000 CAD $14.9K
  • 4 Beds
  • 4 Baths
  • 1,682 Sqft
  • 0.106 ac Lot Size
  • Multi-family
17 days on Point2 Homes
$385,000 CAD
  • 2 Beds
  • 2 Baths
  • Residential
29 days on Point2 Homes
$399,900 CAD
  • 7 Beds
  • 10 Baths
  • 8,400 Sqft
  • 0.117 ac Lot Size
  • Apartment
115 days on Point2 Homes
$299,900 CAD $10K
  • 3 Beds
  • 1 Baths
  • Single family
26 days on Point2 Homes
$129,900 CAD
  • 2 Beds
  • 1 Baths
  • Single family
24 days on Point2 Homes
$209,900 CAD
  • 3 Beds
  • 2 Baths
  • Single family
Less than one day on Point2 Homes
$129,900 CAD
  • 2 Beds
  • 1 Baths
  • Single family
16 days on Point2 Homes
$139,900 CAD
  • 2 Beds
  • 1 Baths
  • Single family
16 days on Point2 Homes
$129,900 CAD
  • 4 Beds
  • 1 Baths
  • Single family
13 days on Point2 Homes
$649,000 CAD
  • 5 Beds
  • 4 Baths
  • Single family
9 days on Point2 Homes
$129,000 CAD
  • Single family
35 days on Point2 Homes
$135,000 CAD
  • 3 Beds
  • 1 Baths
  • Single family
49 days on Point2 Homes
$479,900 CAD
  • 5 Beds
  • 3 Baths
  • Single family
36 days on Point2 Homes
$439,900 CAD
  • 3 Beds
  • 2 Baths
  • Single family
36 days on Point2 Homes
$519,900 CAD $10K
  • 4 Beds
  • 4 Baths
  • Single family
7 days on Point2 Homes
$379,000 CAD $10K
  • 3 Beds
  • 3 Baths
  • Single family
9 days on Point2 Homes
$144,900 CAD $10K
  • 3 Beds
  • 2 Baths
  • Single family
13 days on Point2 Homes
$367,500 CAD $7.4K
  • 3 Beds
  • 3 Baths
  • Single family
9 days on Point2 Homes
$199,900 CAD $10.1K
  • 3 Beds
  • 2 Baths
  • Single family
8 days on Point2 Homes
$269,900 CAD
  • 4 Beds
  • 2 Baths
  • Single family
7 days on Point2 Homes
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Real estate roundup: Thunder Bay, Thunder Bay District, ON housing market overview

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There are 21 houses for sale in Thunder Bay, Thunder Bay District, ON.

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CITY GUIDE
THUNDER BAY, ONTARIO

Thunder Bay is located in Ontario and has a population of around 120,000 people, occupying a total land area of approximately 2,500 square kilometres.

As one of the most populated cities within the northwestern region of the province, it has produced a high number of professional sports athletes, politicians, and artists.

The name “Thunder Bay” comes from the bay that is located on the northern end of Lake Superior.

Over the years, Thunder Bay has always prided itself in its forestry and manufacturing industries.

However, within the past two decades, these two sectors have taken a backseat to knowledge-based industries such as education and medicine. This happened in face of the recognition that the resource industries tend to periodically fluctuate during the year in terms of supply and demand.

Since then, significant developments have been seen in terms of the money and resources that have gone towards improving the post-secondary opportunities available to residents.

Thunder Bay is now home to its own medical and law school as a result of said efforts.

Another area that contributes to the growth of Thunder Bay’s economy is the tourism industry.

In the summertime, several hiking paths and well-maintained campsites are available to summer tourists.

Thanks to the location of Thunder Bay, there is also a full-service marina that is available for boaters. The wintertime sees the opening of several downhill ski mountains and cross-country ski paths for those who engage in such activities.

KEY FACTS:

Thunder Bay, Ontario

Thunder Bay, Ontario
  • Country: Canada

  • Province: Ontario

  • Nickname(s): "Canada’s Gateway to the West"

  • Population: 108,359 

  • Area:

    City: 447.5 km2  

    Land: 328.24 km2  

    Metro: 2,556.37 km2  

Entertainment

Much of the entertainment that is offered by Thunder Bay tends to be of an outdoor nature. For example, the Fort William Historical Park is an exhaustive attempt to recreate the days of North West Company, a fur trade establishment that existed in the early 1800s. Everything from medicine bottles to clothing is available for visitors to see. If you want to hike along a trail full of beautiful sights, go to the Sleeping Giant Provincial Park. It’s over 25 kilometres worth of walking, so make sure that you book the entire day off to complete the trail!

If you head on over to the marina in the downtown area, you will have access to several amenities. Amongst these are shopping malls, restaurants, museums, art galleries, and so much more. It’s a great nightlife location for those who are looking to kick back and relax after a hard day at work.

Entertainment
Neighbourhoods

Neighbourhoods

Thunder Bay is made up of seven municipal wards: McIntyre, Neebing, Westfort, Northwood, McKellar, Red River, and Current River.

Neighbourhoods

Neebing

Neebing, the southernmost municipality in Thunder Bay, is home to several trout ponds that attract fishermen worldwide. IF you are lucky, you might be able to catch a sea bass or a rainbow trout. You will also find several sunken ship sites and the Thunder Bay Observatory. Visitors will be able to see the stars through one of their many giant-sized telescopes.

Red River

Red River is considered to be the downtown area of Thunder Bay, being home to Lakehead University and many other popular amenities within the city. Unsurprisingly, traffic tends to be heavy within this small area.

Real Estate Market

Neebing is home to many riverside properties that provide exemplary housing and a scenic view to go along with it. Most of these homes are extremely large and take up thousands of square feet. They tend to come with modern furnishings to reflect a design style that is more in line with the housing made in the 21st century.

Westfort and McIntyre are rather rural areas in terms of layout, and this is reflected in the homes available in both municipalities. Expect to find bungalows and fully detached homes with traditional exterior designs. The homes are affordable and rather small in size, which makes them ideal for bachelors and small-sized families.

Northwood’s real estate market consists mostly of semi-detached homes, bungalows, and some fully detached residential homes that don’t exceed two storeys in height. The interior of these homes tend to be relatively unchanged from when they were first built, and this is due to the fact that inhabitants tend to prefer this kind of traditional design.

If you are looking for small properties that don’t require a lot of maintenance in the front yard or backyard, McKellar is your best bet. These are detached homes mixed in with some cheap apartments for rent. The latter is best suited for seniors who don’t want to live in a retirement home but need an affordable place to live in. Current River tends to be very similar to the real estate market of McKellar in this regard.

Red River is home to several high-end condos and apartment complexes that are predominantly occupied by university students and young professionals. On the outskirts, you can expect to find some fully-detached residential homes that are best suited for medium-sized families.

Home Style Average Price
Home $274,900
Rent $883.33
Detached $469,450

The following table, based on data taken from the Canadian Real Estate Association (CREA’s) National MLS® Report for April 2016 (the latest information available), demonstrates how homes in LSTAR’s jurisdiction continue to maintain their affordability compared to other major Ontario and Canadian centres.

Education

Education

The major post-secondary institution in this city is Lakehead University, best known for being home to the Northern Ontario School of Medicine. It currently has one of the largest Aboriginal student communities in Canada, which attracts a lot of prospective First Nations people looking to further their education while receiving the necessary support to adjust to campus life. It is worth noting that a large majority of high school graduates in Thunder Bay end up moving away to some of the most populated cities in Ontario in order to pursue their education further.

Thunder Bay has 22 public English-speaking elementary (K-8) schools, 16 elementary schools in the Catholic district school board, and a single elementary school within the city’s Francophone Catholic school board. According to rankings based on performance across mathematics, writing and reading comprehension, some of the top-rated schools are St Margaret, St Francis, Holy Cross, and Woodcrest.

Education