Real Estate for Sale in River Terrace, Thunder Bay, ON
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Neighbourhood in Thunder Bay
River Terrace
River Terrace is a quiet neighbourhood in Thunder Bay. It offers a mix of residential homes and green spaces.
At a glance
Day to dayLivability
6.4
Schools near listings
out of 10 · averaged over 14 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
$655,000
In River Terrace
$655,000
In Thunder Bay
$409,900
In Ontario
$709,000
Median monthly rent
In Thunder Bay
$2,800
In Ontario
$2,500
On the marketMarket snapshot
For sale
0
Median $655,000
For rent
0
Recently sold
Sign in to see sold data
Recently leased
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Market data as of 2026-08-31. 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
- Family-friendly environment
- Low percentage of low-income households
- Good median income level
- Strong sense of community
Keep in mind
- Limited amenities like grocery stores and restaurants
- Higher home prices compared to city median
The feel of the placeLifestyle
Daily life in River Terrace is peaceful and family-oriented, with a focus on community.
Within the boundaryWhat's nearby
The boundary
2.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
2
Parks
1
Playgrounds
Counted across all 2.4 km² of River Terrace. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
2
Elementary
Bishop E. Q. Jennings Senior Elementary School
Catholic · Grades 7–8 · Thunder Bay CDSB
Not rated
260 students
Child and Adolescent Mental Health Unit
Public · Grades JK–12 · Lakehead DSB
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside River Terrace, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source.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
3,373
Population (2021)
4.6 km²
Area
736
People per km²
43.5
Median age
$146,310
Median income
90%
Own their home
2.9
People per household
1,205
Households
Every age
- Children (under 15)18.1%
- Working age (15–64)64.6%
- Seniors (65+)17.3%
What is built here
- Detached houses91.5%
- Semi-detached2.1%
- Townhouses3.4%
- Duplexes2.1%
Own or rent
90%Owners
10%Renters
Across 1,205 households
When it was built
Mostly 1961–1980
- 1960 or earlier0%
- 1961–198029%
- 1981–199012%
- 1991–200016%
- 2001–200511%
- 2006–201021%
- 2011–20155%
- 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.
- 17.4%
- Born outside Canada
- 39.3%
- Hold a degree or higher
- 55.6%
- Employment rate
- 0%
- Commute by transit
- 91.9%
- Commute by car
- 1.9
- Children per family
- $121,863
- Median income after tax
- $158,540
- Average household income
- 5.2%
- Living on a low income
- $580/mo
- Renters pay, per month
- $1,226/mo
- Owners pay, per month
- $480,897
- Median home value at census
- 0%
- Renters spending 30%+ of income on housing
- 6.1%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 5 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
What homes in River Terrace actually sell for
22 homes changed hands in River Terrace over the 12 months to September 2026. Half sold above $643,194 and half below, 5.5% higher than the 12 months before. A typical home found its buyer in 14 days — 2 days quicker than a year ago.
- Median sold price
- $643K
- +5.5% year over year
- Days to sell
- 14
- 2 days quicker
- Sales closed
- 22
- last 12 months
- Per square foot
- $429
- from 1 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
$1,028,600
on a $1,000,000 asking price — over ask by $28,600
- Of the asking price
- 102.9%
- Sold over asking
- 59.1%
From 22 sales that closed here in the last 12 months.
Every month behind these charts — River Terrace, sales
| Month | Closed | Median | Middle half | Days | % of ask |
|---|---|---|---|---|---|
| Sep 2026 | 1 | Not enough sales this month to report a median | |||
| Aug 2026 | 4 | Not enough sales this month to report a median | |||
| Jul 2026 | 4 | Not enough sales this month to report a median | |||
| Jun 2026 | 2 | Not enough sales this month to report a median | |||
| May 2026 | 2 | Not enough sales this month to report a median | |||
| Apr 2026 | 3 | Not enough sales this month to report a median | |||
| Feb 2026 | 1 | Not enough sales this month to report a median | |||
| Jan 2026 | 1 | Not enough sales this month to report a median | |||
| Oct 2025 | 4 | Not enough sales this month to report a median | |||
| Sep 2025 | 4 | Not enough sales this month to report a median | |||
| Aug 2025 | 7 | $532,000 | $528K – $750K | 11 | 104.4% |
| Jul 2025 | 3 | Not enough sales this month to report a median | |||
| Jun 2025 | 4 | Not enough sales this month to report a median | |||
| May 2025 | 4 | Not enough sales this month to report a median | |||
| Apr 2025 | 1 | Not enough sales this month to report a median | |||
| Mar 2025 | 3 | Not enough sales this month to report a median | |||
| Feb 2025 | 1 | Not enough sales this month to report a median | |||
| Dec 2024 | 3 | Not enough sales this month to report a median | |||
| Nov 2024 | 3 | Not enough sales this month to report a median | |||
| Oct 2024 | 2 | Not enough sales this month to report a median | |||
19 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 River Terrace
How much does a home cost in River Terrace?
Homes in River Terrace sold for a median of $643,194 over the 12 months to September 2026, across 22 closed sales — half sold for more and half for less. That is 5.5% higher than the 12 months before it.
How long does it take to sell a home in River Terrace?
A home in River Terrace took a median of 14 days on the market over the 12 months to September 2026. Homes there closed at 102.9% of the asking price on average, with 59.1% selling over asking.
Compiled by HOMEH from sales reported closed in River Terrace 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.