Real Estate for Sale in Franklin, Lake of Bays, ON
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Neighbourhood in Lake of Bays
Franklin
Franklin is a quiet neighbourhood in Lake of Bays, Ontario. It offers a peaceful lifestyle with a mix of residential homes and a few amenities.
Lake of Bays, Ontario
© Mapbox © OpenStreetMap
At a glance
Listed 6 days ago
1204 Charlie Thompson Road
Lake of Bays (Franklin), ON P0A 1H0
LinkFor Sale
Listed 14 days ago
3-1030 Raven Hill Road
Lake of Bays (Franklin), ON P0A 1H0
DetachedFor Sale
Listed 20 days ago
1563 South Portage Road
Lake of Bays (Franklin), ON P1H 2J3
DetachedFor Sale
Listed 20 days ago
1521 Old Hwy 117
Lake of Bays (Franklin), ON P0B 1A0
DetachedFor Sale
Day to dayLivability
3.5
Schools near listings
out of 10 · averaged over 25 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
$392,500
In Franklin
$392,500
In Lake of Bays
$511,450
In Ontario
$715,000
Median monthly rent
$5,000/mo
In Franklin
$5,000
In Lake of Bays
$4,209
In Ontario
$2,500
$42
Per square foot
≈ 6.5 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
59
Median $392,500
Houses 30 · Condos 29
For rent
1
Median $5,000
Condos 1
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-10-11. 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
- Affordable home prices compared to the city median
- Strong sense of community and low population density
- Majority of homes are single-detached houses
- Stable median income for residents
Keep in mind
- Limited amenities like parks and restaurants
- No public transit options available
- Higher median rent compared to city average
The feel of the placeLifestyle
Life in Franklin is laid-back and family-oriented, ideal for those seeking a tranquil environment. Residents enjoy a close-knit community with essential services nearby.
Within the boundaryWhat's nearby
The boundary
180.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
1
Playgrounds
1
Restaurants
1
Pharmacies
Counted across all 180.4 km² of Franklin. From OpenStreetMap, as of 2026-10-12.
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 Franklin, 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
1,833
Population (2021)
260.3 km²
Area
7
People per km²
59.3
Median age
$93,523
Median income
92%
Own their home
2.1
People per household
820
Households
Every age
- Children (under 15)8.2%
- Working age (15–64)56.2%
- Seniors (65+)35.6%
What is built here
- Detached houses95.9%
- Low-rise apartments1.8%
- Other attached homes0.6%
Own or rent
92%Owners
8%Renters
Across 820 households
When it was built
Mostly 1961–1980
- 1960 or earlier20%
- 1961–198031%
- 1981–19909%
- 1991–200017%
- 2001–20056%
- 2006–20103%
- 2011–201510%
- 2016–20214%
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.
- 10.1%
- Born outside Canada
- 29.2%
- Hold a degree or higher
- 52.2%
- Employment rate
- 0%
- Commute by transit
- 92.4%
- Commute by car
- 1.6
- Children per family
- $79,375
- Median income after tax
- $126,344
- Average household income
- 8.1%
- Living on a low income
- $930/mo
- Owners pay, per month
- $860,344
- Median home value at census
- 0%
- Renters spending 30%+ of income on housing
- 11.4%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 3 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: © Mapbox © OpenStreetMap
What homes in Franklin actually sell for
47 homes changed hands in Franklin over the 12 months to September 2026. Half sold above $1,182,904 and half below, 44.3% higher than the 12 months before. A typical home found its buyer in 46 days — 6 days quicker than a year ago.
- Median sold price
- $1.18M
- +44.3% year over year
- Days to sell
- 46
- 6 days quicker
- Sales closed
- 47
- last 12 months
- Per square foot
- $746
- from 37 sized sales
Three years of sold prices
The line is the median. The band is the middle half of every sale — how wide it runs tells you how much one home here differs from the next.
What buyers actually paid
$945,700
on a $1,000,000 asking price — under ask by $54,300
- Of the asking price
- 94.6%
- Sold over asking
- 10.6%
From 47 sales that closed here in the last 12 months.
What actually trades in Franklin
A single median hides this: the mix of homes behind it, and what each kind costs.
- Detached$1.48M25.5%
- Other kinds, too few of each —74.5%
How fast it moves
Median days on market, month by month. Taller means slower.
Terracotta marks the last 12 months.
Every month behind these charts — Franklin, sales
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 9 | $1,173,500 | $1.10M – $2.10M | 29 | 93.6% |
| Aug 2026 | 4 | Not enough sales this month to report a median | |||
| Jul 2026 | 8 | $819,000 | $439K – $2.11M | 28 | 95.1% |
| Jun 2026 | 4 | Not enough sales this month to report a median | |||
| May 2026 | 4 | Not enough sales this month to report a median | |||
| Apr 2026 | 2 | Not enough sales this month to report a median | |||
| Mar 2026 | 2 | Not enough sales this month to report a median | |||
| Feb 2026 | 3 | Not enough sales this month to report a median | |||
| Jan 2026 | 2 | Not enough sales this month to report a median | |||
| Nov 2025 | 3 | Not enough sales this month to report a median | |||
| Oct 2025 | 6 | $409,500 | $91K – $688K | 41 | 93.7% |
| Sep 2025 | 6 | $1,192,500 | $935K – $1.47M | 61 | 92.6% |
| Aug 2025 | 4 | Not enough sales this month to report a median | |||
| Jul 2025 | 4 | Not enough sales this month to report a median | |||
| Jun 2025 | 7 | $850,000 | $566K – $1.12M | 25 | 96.0% |
| May 2025 | 3 | Not enough sales this month to report a median | |||
| Apr 2025 | 5 | $680,000 | $170K – $1.13M | 19 | 91.9% |
| Mar 2025 | 1 | Not enough sales this month to report a median | |||
| Feb 2025 | 1 | Not enough sales this month to report a median | |||
| Jan 2025 | 3 | Not enough sales this month to report a median | |||
| Dec 2024 | 2 | Not enough sales this month to report a median | |||
| Nov 2024 | 4 | Not enough sales this month to report a median | |||
| Oct 2024 | 4 | Not enough sales this month to report a median | |||
| Sep 2024 | 11 | $2,035,000 | $1.18M – $2.31M | 26 | 93.1% |
| Aug 2024 | 7 | $265,000 | $48K – $650K | 87 | 94.4% |
| Jun 2024 | 19 | $1,675,000 | $1.01M – $2.60M | 45 | 94.6% |
| May 2024 | 4 | Not enough sales this month to report a median | |||
| Apr 2024 | 1 | Not enough sales this month to report a median | |||
| Mar 2024 | 1 | Not enough sales this month to report a median | |||
| Jan 2024 | 1 | Not enough sales this month to report a median | |||
21 of these months closed fewer than 5 sales. A middle value taken over that few is not a market figure — with one sale it is simply that home's closing price — so the count is shown and the median is not. The sales themselves still count toward the 12-month figures above.
What people ask about Franklin
How much does a home cost in Franklin?
Homes in Franklin sold for a median of $1,182,904 over the 12 months to September 2026, across 47 closed sales — half sold for more and half for less. That is 44.3% higher than the 12 months before it.
How long does it take to sell a home in Franklin?
A home in Franklin took a median of 46 days on the market over the 12 months to September 2026. Homes there closed at 94.6% of the asking price on average, with 10.6% selling over asking.
Compiled by HOMEH from sales reported closed in Franklin on the Toronto Regional Real Estate Board MLS® System, through September 2026. Medians are taken over closed prices, not asking prices. Per-square-foot figures use the midpoint of the banded floor-area range MLS® carries, so they describe the group and not any one home. Not an appraisal or an opinion of value.
A condo here is its own market
6 condo apartments are on the market in Franklin right now. Too few have closed here in the last year for us to publish a median we would stand behind.