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City in Ontario
Condos for sale under $700K in Terrace Bay
1,528 people lived in Terrace Bay at the 2021 Census, in 715 households. 78% of households owned their home and 21% rented. The most common homes were single-detached houses (87%) and low-rise apartments (10%). 80% of homes were built before 1981, and 0% since 2011. 88% of commuters went to work by car and 0% by public transit.
Terrace Bay, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Day to dayLivability
3.2
Schools near listings
out of 10 · averaged over 47 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
$147,400
In Terrace Bay
$147,400
In Ontario
$716,900
Median monthly rent
In Ontario
$2,499
On the marketMarket snapshot
For sale
22
Median $147,400
Houses 22
For rent
0
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
- Affordable home prices compared to province
- Good school ratings
- Quiet and peaceful environment
Keep in mind
- Limited amenities and parks
- No rental options available
- Low population density
The feel of the placeLifestyle
Daily life in Terrace Bay is calm and community-focused, ideal for those seeking tranquility.
Within the boundaryWhat's nearby
The boundary
778.2 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
2
Parks
2
Playgrounds
1
Grocery stores
3
Restaurants
2
Cafés
1
Gyms
1
Libraries
1
Pharmacies
Counted across all 778.2 km² of Terrace Bay. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
3.2/10
Average rating of the 1 rated school in this area
3
Elementary
1
Secondary
Lake Superior High School
Public · Grades 9–12 · Superior-Greenstone DSB
3.2/103.6 over 5 yrs697th of 742 Ontario secondary schools
125 students · EQAO 2024-2025
St Martin Catholic School
Catholic · Grades JK–8 · Superior North CDSB
Not rated
60 students
Terrace Bay Public School
Public · Grades JK–8 · Superior-Greenstone DSB
Not rated
60 students
École catholique Franco-Terrace
Public · French · Grades JK–8 · CSDC des Aurores boréales
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Terrace Bay, 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
1,528
Population (2021)
151.5 km²
Area
10
People per km²
48.4
Median age
$85,785
Median income
78%
Own their home
2.1
People per household
715
Households
Every age
- Children (under 15)15.4%
- Working age (15–64)60.0%
- Seniors (65+)24.6%
What is built here
- Detached houses86.6%
- Semi-detached2.1%
- Townhouses2.1%
- Low-rise apartments9.9%
Own or rent
78%Owners
21%Renters
Across 715 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier42%
- 1961–198038%
- 1981–199018%
- 1991–20000%
- 2001–20050%
- 2006–20100%
- 2011–20150%
- 2016–20210%
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.
- 12.1%
- Born outside Canada
- 14.9%
- Hold a degree or higher
- 48.6%
- Employment rate
- 0%
- Commute by transit
- 87.8%
- Commute by car
- 1.7
- Children per family
- $74,149
- Median income after tax
- $90,741
- Average household income
- 6.9%
- Living on a low income
- $725/mo
- Renters pay, per month
- $756/mo
- Owners pay, per month
- $106,010
- Median home value at census
- 0%
- Renters spending 30%+ of income on housing
- 11.1%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 4 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)
More Homes for Sale in Terrace Bay
22 homes are for sale in Terrace Bay. Browse by neighbourhood or home type below — and get the industry's highest Cashback Rebate when you buy with HOMEH.