$114,900
For sale: Detached

Affordable Living on the Beautiful North Shore of Lake Superior! Discover the peaceful lifestyle of Terrace Bay with this move-in-ready 3-bedroom, 1.5-storey home situated on a quiet residential crescent. Backing onto undeveloped property, this home offers a wonderful sense of privacy and tranquility, with no immediate rear neighbours and a great setting for families, retirees or anyone looking to escape the hustle and bustle of city living. Enjoy the convenience of being within walking distance of the school, swimming pool and local shopping. Nestled along the shores of magnificent Lake Superior and surrounded by the rugged beauty of the Canadian Shield, Terrace Bay is a nature lover's paradise, offering breathtaking scenery, spectacular hiking trails, fishing, kayaking, boating and endless outdoor adventures. Spend your days exploring beautiful Terrace Bay Beach, Aguasabon Falls and the scenic Lake Superior shoreline, where incredible views are around every corner. Located approximately two hours east of Thunder Bay along the Trans-Canada Highway, Terrace Bay offers the charm of small-town living while keeping city amenities within reach. An affordable opportunity to enjoy a quieter pace of life in one of Northern Ontario's most scenic communities!
Sold data
Detached homes in Terrace Bay took a median of 41 days to sell over the last 730 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 88, across 39 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 79 days.
The median sale price was $169,000.
Homes sold for about 5.7% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
Based on 39 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Terrace Bay has 1 Fraser Institute–rated school (1 secondary).
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$159,900
Detached21 EAST GROVE CRESCENT, Terrace Bay

$109,000
Detached105 COLUMBIA STREET, TB-88, Schreiber

$139,000
Detached2 LAURIER AVE, Terrace Bay

$134,900
Detached4 EAST GROVE CRESCENT, Terrace Bay

$139,900
Detached209 WALKER STREET, TB-88, Schreiber

$116,000
Detached18 SWALLOW DRIVE, Manitouwadge

$149,900
Detached216 MCINTYRE STREET, Court / Cumberland, Thunder Bay

$189,900
Detached72 HUDSON DRIVE S, Terrace Bay