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City in Ontario
Condos for sale under $700K in Lake of Bays
5 condos in Lake of Bays are listed for sale under $700K, which is 3% of everything for sale.
3,759 people lived in Lake of Bays at the 2021 Census, in 1,770 households. 91% of households owned their home and 9% rented. The most common homes were single-detached houses (97%) and low-rise apartments (2%). 48% of homes were built before 1981, and 12% since 2011. 95% of commuters went to work by car and 0% by public transit.
Lake of Bays, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Condos for Sale in Lake of Bays Under $700K
Listed Sep 1, 2026
Unit 221, 12 Bigwin Island
Lake of Bays (Franklin), ON P0B 1A0
Condo ApartmentFor Sale
Listed May 14, 2026
Unit 126, 12 Bigwin Island
Lake of Bays (Franklin), ON P0B 1A0
Condo ApartmentFor Sale
Listed May 8, 2026
Unit 202 & 206, 12 Bigwin Island
Lake of Bays (Franklin), ON P0B 1A0
Condo ApartmentFor Sale
Day to dayLivability
3.5
Schools near listings
out of 10 · averaged over 69 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$487,450
In Lake of Bays
$487,450
In Ontario
$716,900
Median monthly rent
$4,209/mo
In Lake of Bays
$4,209
In Ontario
$2,499
$51
Per square foot
≈ 9.7 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
172
Median $487,450
Houses 127 · Condos 44
For rent
2
Median $4,209
Condos 1 · Houses 1
Recently sold
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Recently leased
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Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Low population density at 4.7 per km²
- Affordable compared to province median sale price
- Variety of residential options available
Keep in mind
- Limited amenities like parks and schools
- Higher median rent compared to provincial average
The feel of the placeLifestyle
Daily life in Lake of Bays is peaceful and community-focused. Residents enjoy a quieter pace with limited urban distractions.
Within the boundaryWhat's nearby
The boundary
793.6 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
7
Parks
3
Playgrounds
1
Grocery stores
4
Restaurants
3
Cafés
2
Gyms
2
Libraries
1
Pharmacies
Counted across all 793.6 km² of Lake of Bays. From OpenStreetMap, as of 2026-10-26.
The schoolsWhich schools, and how they rate
3.5/10
Average rating of the 1 rated school in this area
1
Elementary
Irwin Memorial Public School
Public · Grades JK–8 · Trillium Lakelands DSB
3.5/102,726th of 3,045 Ontario elementary schools
140 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Lake of Bays, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
3,759
Population (2021)
667.4 km²
Area
6
People per km²
58.4
Median age
$89,202
Median income
91%
Own their home
2.1
People per household
1,770
Households
Every age
- Children (under 15)9.2%
- Working age (15–64)56.2%
- Seniors (65+)34.6%
What is built here
- Detached houses96.9%
- Low-rise apartments1.7%
Own or rent
91%Owners
9%Renters
Across 1,770 households
When it was built
Mostly 1961–1980
- 1960 or earlier21%
- 1961–198026%
- 1981–199014%
- 1991–200016%
- 2001–20055%
- 2006–20104%
- 2011–20157%
- 2016–20215%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 10.2%
- Born outside Canada
- 25.1%
- Hold a degree or higher
- 50.4%
- Employment rate
- 0%
- Commute by transit
- 95.2%
- Commute by car
- 1.6
- Children per family
- $77,022
- Median income after tax
- $110,096
- Average household income
- 8.7%
- Living on a low income
- $1,110/mo
- Renters pay, per month
- $868/mo
- Owners pay, per month
- $782,418
- Median home value at census
- 0%
- Renters spending 30%+ of income on housing
- 15.7%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 6 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)
Common questions about condos for sale under $700K in Lake of Bays
How many condos in Lake of Bays sell for under $700K?
5 condos in Lake of Bays are listed for sale under $700K today, 3% of the 172 homes for sale. Their median asking price is $344,900.
All homes for sale in Lake of BaysWhat kind of condo can I buy in Lake of Bays for under $700K?
Under $700K, Lake of Bays has condo apartments (5) for sale. Most range from studios to 2 bedrooms.
Condos for sale in Lake of BaysMore Homes for Sale in Lake of Bays
172 homes are for sale in Lake of Bays. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.