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City in Ontario

Houses for sale under $1M in Red Lake

Looking for cheap houses for sale in Red Lake? 20 homes in Red Lake are listed for sale under $1M, which is 100% of everything for sale. Most are vacant lots.

affordable quiet community-oriented

4,094 people lived in Red Lake at the 2021 Census, in 1,715 households. 75% of households owned their home and 25% rented. The most common homes were single-detached houses (81%) and low-rise apartments (9%). 67% of homes were built before 1981, and 5% since 2011. 90% of commuters went to work by car and 0% by public transit.

No rental properties available Population of 4,094 No parks or schools in the area

Red Lake, Ontario

Houses for Sale in Red Lake Under $1M

Day to dayLivability

Schools near listings

out of 10 · averaged over 18 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

$120,000

83% below Ontario

In Red Lake

$120,000

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

On the marketMarket snapshot

For sale

Median $120,000

Houses 20

For rent

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 median sale price compared to Ontario
Small community feel
Potential for affordable home ownership

Keep in mind

No rental options available
Limited amenities like parks and schools
Small population may feel isolated

The feel of the placeLifestyle

Daily life in Red Lake is quiet and community-focused, with limited amenities. Residents may need to travel for more services.

Great for first-time buyers those seeking affordability small-town living

Within the boundaryWhat's nearby

The boundary

724.5 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 724.5 km² of Red Lake. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

5.1/10

Average rating of the 3 rated schools in this area

Elementary

Secondary

Red Lake Madsen Public School
Public · Grades JK–8 · Keewatin-Patricia DSB
7.9/10
387th of 3,045 Ontario elementary schools
155 students · EQAO 2024-2025
Golden Learning Centre
Public · Grades JK–8 · Keewatin-Patricia DSB
4.2/106.0 over 5 yrs
2,505th of 3,045 Ontario elementary schools
185 students · EQAO 2024-2025
Red Lake District High School
Public · Grades 9–12 · Keewatin-Patricia DSB
3.2/103.8 over 5 yrs
697th of 742 Ontario secondary schools
270 students · EQAO 2024-2025
Spark Red Lake Madsen
Public · Grades 1–5 · Keewatin-Patricia DSB
Not rated
St John School
Independent · Red Lake Area Combined RCSSB
Not rated
St John School
Catholic · Grades JK–8 · Kenora CDSB
Not rated
135 students · EQAO 2024-2025

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

4,094

Population (2021)

602.9 km²

Area

People per km²

38.8

Median age

$111,801

Median income

75%

Own their home

2.4

People per household

1,715

Households

Every age

Children (under 15)19.4%
Working age (15–64)65.3%
Seniors (65+)15.3%

What is built here

Detached houses81.4%
Semi-detached2.1%
Townhouses3.8%
Duplexes1.8%
Low-rise apartments8.8%

Own or rent

75%Owners

25%Renters

Across 1,715 households

When it was built

Mostly 1961–1980

1960 or earlier25%
1961–198041%
1981–199013%
1991–20009%
2001–20051%
2006–20104%
2011–20152%
2016–20213%

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.

5.2%
Born outside Canada: 17.5%
Hold a degree or higher: 62.7%
Employment rate: 0%
Commute by transit: 89.9%
Commute by car: 1.8
Children per family: $94,151
Median income after tax: $130,527
Average household income: 6.6%
Living on a low income: $1,019/mo
Renters pay, per month: $1,181/mo
Owners pay, per month: $237,555
Median home value at census: 14.8%
Renters spending 30%+ of income on housing: 4.4%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 8 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 Red Lake

How many homes in Red Lake sell for under $1M?

20 homes in Red Lake are listed for sale under $1M today, 100% of the 20 homes for sale. Their median asking price is $120,000.

All homes for sale in Red Lake

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

Under $1M, Red Lake has vacant lots (13) and detached houses (7) for sale. Most range from studios to 4 bedrooms.

Land for sale in Red Lake

Keep looking

More Homes for Sale in Red Lake

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

At a glance