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City in Ontario

Detached houses for sale in Lake of Bays

Name: HOMEH Market Pulse — Lake of Bays closed sales and leases
Creator: HOMEH
License: https://homeh.com/terms-of-use

There are 64 detached houses for sale in Lake of Bays today, with a median asking price of $1,024,450 (+117% vs. all homes in Lake of Bays). 32 are bungalows. The most active neighbourhoods are Mclean, Franklin and Ridout.

quiet community-oriented affordable

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.

Population of 3,167 residents Schools rated 3.5 out of 5

Lake of Bays, Ontario

Bungalows & Detached Homes in Lake of Bays

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

$472,000

34% below Ontario

In Lake of Bays

$472,000

In Ontario

$716,900

Median monthly rent

$4,209/mo

68% above Ontario

In Lake of Bays

$4,209

In Ontario

$2,499

$51

Per square foot

≈ 9.3 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

172

Median $472,000

Houses 127 · Condos 44

For rent

Median $4,209

Condos 1 · Houses 1

Recently sold

Recently leased

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.

Great for first-time buyers retirees those seeking tranquility

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.

Parks

Playgrounds

Grocery stores

Restaurants

Cafés

Gyms

Libraries

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

Elementary

Irwin Memorial Public School
Public · Grades JK–8 · Trillium Lakelands DSB
3.5/10
2,726th 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

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)

HOMEH Market Pulse Detached houses only Through September 2026 Moderate sales history

What Houses in Lake of Bays Sell For

At least 70 detached houses changed hands in Lake of Bays over the 12 months to September 2026. Half sold above $994,386 and half below, 16.5% higher than the 12 months before. A typical detached house found its buyer in 42 days — 7 days quicker than a year ago.

6 of the last 12 months had at least 5 closed detached houses sales in Lake of Bays. Quieter months are left out rather than shown as a median over a handful of homes, so the totals here are a floor.

Median sold price: $994K; +16.5% year over year
Days to sell: 42; 7 days quicker
Sales closed: 70; last 12 months
Per square foot: $630; from 68 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 detached house here differs from the next.

$2.77M$1.92M$1.07M$226K

May ’24Jan ’25Sep ’25Sep ’26

Median sold price Middle half of sales

What buyers actually paid

$948,000

on a $1,000,000 asking price — under ask by $52,000

−10%Asking price+10%

Of the asking price: 94.8%
Sold over asking: 12.9%

From 70 sales that closed here in the last 12 months.

How fast it moves

Median days on market, month by month. Taller means slower.

May 2024Sep 2026

Terracotta marks the last 12 months.

Every month behind these charts — Lake of Bays, sales

Monthly closed sales in Lake of Bays
Month	Closed	Median	Middle half	Days	% of ask
Sep 2026	15	$1,100,000	$588K – $1.46M	56	92.7%
Aug 2026	13	$900,000	$675K – $1.27M	44	93.5%
Jul 2026	9	$828,000	$610K – $1.53M	64	96.3%
Jun 2026	11	$732,000	$490K – $1.01M	16	97.0%
May 2026	14	$1,052,500	$904K – $1.36M	37	95.1%
Oct 2025	8	$1,396,000	$625K – $1.84M	28	95.6%
Sep 2025	12	$935,000	$769K – $1.19M	44	94.1%
Aug 2025	9	$865,000	$677K – $1.28M	31	94.8%
Jul 2025	12	$967,500	$573K – $1.12M	43	95.2%
Jun 2025	8	$1,122,500	$741K – $1.51M	41	97.7%
Apr 2025	6	$625,000	$401K – $1.02M	18	92.5%
Jan 2025	5	$830,000	$555K – $2.34M	53	94.2%
Nov 2024	8	$638,500	$565K – $692K	65	95.8%
Oct 2024	9	$699,000	$574K – $1.05M	88	93.2%
Sep 2024	20	$1,630,000	$715K – $2.31M	26	93.6%
Aug 2024	17	$950,000	$700K – $1.39M	52	93.8%
Jun 2024	20	$1,712,500	$938K – $2.59M	49	96.5%
May 2024	10	$1,030,710	$725K – $1.60M	83	95.9%

What people ask about Lake of Bays

How much does a detached house cost in Lake of Bays?

Detached houses in Lake of Bays sold for a median of $994,386 over the 12 months to September 2026, across at least 70 closed sales — half sold for more and half for less. That is 16.5% higher than the 12 months before it.

How long does it take to sell a detached house in Lake of Bays?

A detached house in Lake of Bays took a median of 42 days on the market over the 12 months to September 2026. Detached houses there closed at 94.8% of the asking price on average, with 12.9% selling over asking.

Compiled by HOMEH from sales reported closed in Lake of Bays 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 detached house. Not an appraisal or an opinion of value.

Keep looking

More 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.

At a glance