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City in Ontario

Houses for sale under $1M in Penetanguishene

Looking for cheap houses for sale in Penetanguishene? 81 homes in Penetanguishene are listed for sale under $1M, which is 88% of everything for sale. Most are detached houses.

family-friendly community-oriented suburban

10,077 people lived in Penetanguishene at the 2021 Census, in 3,985 households. 76% of households owned their home and 24% rented. The most common homes were single-detached houses (68%) and low-rise apartments (17%). 52% of homes were built before 1981, and 7% since 2011. 92% of commuters went to work by car and 0% by public transit.

Penetanguishene, Ontario

Houses for Sale in Penetanguishene Under $1M

Day to dayLivability

4.3

Schools near listings

out of 10 · averaged over 2,686 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

$677,450

6% below Ontario

In Penetanguishene

$677,450

In Ontario

$716,900

Median monthly rent

$2,745/mo

10% above Ontario

In Penetanguishene

$2,745

In Ontario

$2,499

$568

Per square foot

≈ 20.6 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

Median $677,450

Houses 81 · Condos 11

For rent

Median $2,745

Houses 3 · Condos 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

Strong school rating of 4.3
Lower median sale price than provincial average
Family-friendly with many parks
Good public transit options

Keep in mind

Limited rental options available
Prices are above some local averages

The feel of the placeLifestyle

Daily life in Penetanguishene is relaxed, with access to parks and schools. The community is supportive and welcoming.

Great for first-time buyers families retirees

Within the boundaryWhat's nearby

The boundary

25.1 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

Libraries

Counted across all 25.1 km² of Penetanguishene. From OpenStreetMap, as of 2026-10-19.

The schoolsWhich schools, and how they rate

4.2/10

Average rating of the 7 rated schools in this area

Elementary

Secondary

Burkevale Protestant Separate School Separate School
Independent · Grades JK–8 · Penetanguishene PSSB
6.2/105.7 over 5 yrs
1,444th of 3,045 Ontario elementary schools
345 students · EQAO 2024-2025
ÉÉC Saint-Louis
Independent · French · Grades JK–8 · CSC MonAvenir
5.7/10
1,807th of 3,045 Ontario elementary schools
85 students
École secondaire Le Caron
Public · French · Grades 9–12 · Conseil scolaire Viamonde
4.8/105.4 over 5 yrs
573rd of 742 Ontario secondary schools
100 students · EQAO 2024-2025
École élémentaire Saint-Joseph
Public · French · Grades JK–6 · Conseil scolaire Viamonde
4.4/10
2,432nd of 3,045 Ontario elementary schools
240 students · EQAO 2024-2025
St Ann's Separate School
Catholic · Grades JK–8 · Simcoe Muskoka CDSB
4.1/103.4 over 5 yrs
2,535th of 3,045 Ontario elementary schools
145 students · EQAO 2024-2025
Canadian Martyrs Catholic School
Catholic · Grades JK–8 · Simcoe Muskoka CDSB
3.0/103.7 over 5 yrs
2,825th of 3,045 Ontario elementary schools
215 students · EQAO 2024-2025

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Penetanguishene, 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

10,077

Population (2021)

25.4 km²

Area

396

People per km²

51.9

Median age

$78,719

Median income

76%

Own their home

2.3

People per household

3,985

Households

Every age

Children (under 15)10.9%
Working age (15–64)59.5%
Seniors (65+)29.6%

What is built here

Detached houses67.7%
Semi-detached4.6%
Townhouses2.5%
Duplexes7.5%
Low-rise apartments17.1%

Own or rent

76%Owners

24%Renters

Across 3,985 households

When it was built

Mostly 1960 or earlier

1960 or earlier27%
1961–198025%
1981–199016%
1991–200013%
2001–20056%
2006–20105%
2011–20152%
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.

6.7%
Born outside Canada: 13.5%
Hold a degree or higher: 45.6%
Employment rate: 0%
Commute by transit: 91.5%
Commute by car: 1.6
Children per family: $69,627
Median income after tax: $95,138
Average household income: 11.9%
Living on a low income: $887/mo
Renters pay, per month: $1,103/mo
Owners pay, per month: $561,576
Median home value at census: 25.5%
Renters spending 30%+ of income on housing: 12.4%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 18 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)

Questions, answered

Common questions about houses for sale under $1M in Penetanguishene

How many homes in Penetanguishene sell for under $1M?

81 homes in Penetanguishene are listed for sale under $1M today, 88% of the 92 homes for sale. Their median asking price is $625,000.

All homes for sale in Penetanguishene

What kind of home can I buy in Penetanguishene for under $1M?

Under $1M, Penetanguishene has detached houses (52), vacant lots (10) and condo apartments (7) for sale. Most range from studios to 5 bedrooms.

Houses for sale in Penetanguishene

Keep looking

More Homes for Sale in Penetanguishene

92 homes are for sale in Penetanguishene. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.