$80,000
58 Lakeview DR
Terrace Bay, Ontario
3bed1bath1,120sqft
Ontario
Terrace Bay Real Estate
18 homes for sale • Median $89,950
18Active Listings
$89,950Median Price
30Avg Days on Market
7Land7House2Other1Commercial
Homes for Sale in Terrace Bay
18 properties available
$250,000
37 Terrace Heights
Terrace Bay, Ontario
4bed2bath1,170sqft
$24,900
33 & 35 Simcoe Plaza
Terrace Bay, Ontario
4,826sqft
$159,900
38 EASTGROVE CRES
TERRACE BAY, Ontario
3bed2bath1,090sqft
$159,900
4 East Grove CRES
Terrace Bay, Ontario
3bed2bath1,242sqft
$259,900
26 Southridge CRES
Terrace Bay, Ontario
3bed2bath2,432sqft
$99,900
21 Simcoe Plaza
Terrace Bay, Ontario
2,300sqft
$329,900
64 Parkway Place
Terrace Bay, Ontario
3bed2bath1,026sqft
$129,900
10 Elizabeth AVE
Terrace Bay, Ontario
4bed1bath1,082sqft
$289,000
7 LAKEVIEW DR
TERRACE BAY, Ontario
5bed3bath2,655sqft
$15,000
19 Eastgrove CRES
Terrace Bay, Ontario
$15,000
54 Parkway PL
Terrace Bay, Ontario
Showing 12 of 18 listings
About Terrace Bay Real Estate
Terrace Bay, located on the breathtaking shores of Lake Superior in Ontario, is a small but vibrant community with a rich history dating back to its establishment in the late 1940s as a mill town. This city has evolved over the decades, maintaining its small-town charm while embracing modern developments. The natural beauty surrounding Terrace Bay, characterized by its rugged landscapes, lush forests, and pristine waterfront, is a significant draw for residents and visitors alike. The town's unique geography provides ample opportunities for outdoor activities, including hiking, fishing, and snowmobiling, making it a haven for nature enthusiasts.
The character of Terrace Bay is defined by its close-knit community, where residents often gather for local events and celebrations. The town's commitment to sustainability and preserving its natural environment is evident in local initiatives aimed at protecting the waterfront and promoting eco-friendly practices. This unique blend of community spirit and environmental consciousness makes Terrace Bay an appealing destination for families and individuals looking for a harmonious lifestyle away from the hustle and bustle of larger cities.
Moreover, Terrace Bay is strategically located near the stunning Aguasabon Falls and the scenic Black Bay, offering residents easy access to nature's wonders. The town's affordability, with a median listing price of just $15,000, attracts a diverse range of buyers, from young families seeking their first home to retirees looking for a peaceful retreat. The city's combination of natural beauty, community engagement, and affordability sets it apart as a unique real estate opportunity in the region.
11 active listings with a median price of $15,000.
Lifestyle & Community
Living in Terrace Bay offers a tranquil lifestyle characterized by a strong sense of community and a connection to nature. Residents enjoy a slower pace of life, with plenty of opportunities to engage in outdoor activities such as hiking, kayaking, and fishing in the summer, while winter brings snowshoeing and snowmobiling adventures. The community hosts various events throughout the year, including local festivals and farmers' markets, fostering a warm and welcoming atmosphere. With a mix of young families, retirees, and outdoor enthusiasts, Terrace Bay provides a unique blend of cultures and lifestyles, making it a great place to call home.
Local Amenities
- Public Library
- Community Centre
- Terrace Bay Marina
- Local Parks (e.g., Aguasabon Falls Park)
- Grocery Stores
- Restaurants and Cafes
- Health Services
- Schools (e.g., Terrace Bay Public School)
- Sports Facilities
- Public Transportation
- Recreational Trails
Points of Interest
- Aguasabon Falls
- Terrace Bay Beach
- Black Bay
- Terrace Bay Marina
- Thunder Cape Mountain
- Local Hiking Trails (e.g., the Casque Isles Trail)
- Terrace Bay Heritage Centre
- Nearby Provincial Parks (e.g., Neys Provincial Park)
- Local Art Galleries
- Community Events and Festivals
Market Overview
The current real estate market in Terrace Bay is characterized by a low number of active listings, with only 11 homes available. With a median listing price of $15,000, buyers can find incredible value in this picturesque community. Properties are averaging 30 days on the market, indicating a balanced market where demand is beginning to catch up with the limited supply. Buyers should expect to see a mix of affordable housing options, making it an attractive choice for first-time buyers and those looking to invest in a serene environment.
Investment Outlook
Terrace Bay presents promising investment opportunities, particularly for those interested in affordable real estate. The low median listing price offers an accessible entry point for first-time buyers and investors. The town's rental market is gradually growing, driven by its appeal to outdoor enthusiasts and seasonal visitors. As the demand for affordable housing continues to rise, potential developments in the area could further enhance property values, making now an excellent time to invest.
Ideal For
Terrace Bay is ideal for first-time buyers looking for an affordable entry into the real estate market, as well as retirees seeking a tranquil lifestyle. Investors may also find value in the area's low property prices and potential for rental income. Families looking for a community-oriented environment with access to nature will also feel at home in this charming city.
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Frequently Asked Questions About Terrace Bay
There are currently 18 active residential listings in Terrace Bay. This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.