Terrace Bay Real Estate

Refine your Terrace Bay real estate search by price, bedroom, or type (house, townhouse, or condo). View up-to-date MLS® listings in Terrace Bay.

33 homes for sale in Terrace Bay, ON.

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  1. Canada
  2. Ontario
  3. TERRACE BAY Real Estate

Home Prices in Terrace Bay

The asking price of homes for sale in Terrace Bay has decreased 19.73% since August last year, while the number of homes for sale has increased 128.57%. See more Terrace Bay Home Prices & Values.

House
Median Asking Price
$150K
23 Houses
Townhouse
Median Asking Price
$0
0 Townhouses
Condo
Median Asking Price
$0
0 Condos

Find Real Estate & MLS® Listings in Terrace Bay

Zolo has the most detailed, up-to-date set of Terrace Bay real estate listings. At the moment, Terrace Bay has 0 homes for sale, including 23 houses, 0 condos, and 0 townhouses listed for sale. The average sold price for all home types in Terrace Bay is $191K, which is 0% the same as August 2025. See our Terrace Bay average house price stats for a more detailed analysis on average home prices, housing inventory, and days on market.

With Zolo you'll be able to find the hottest Terrace Bay neighbourhoods, the best schools in the city, and evaluate nearby amenities. Narrow down your home search to filter by price, bedrooms, size or search by our map of MLS® listings for Canada-wide real estate.

MLS® Listing data for Terrace Bay is added every 15 minutes to provide you the most-up-to-date home listings. Reach out to one of our Terrace Bay real estate agents to get started on landing your dream home today.

Terrace Bay City Guide

1K
Population
-9.5%
Population Growth
6%
Unemployment

Located in Ontario, the city of Terrace Bay has a population of 1,471. The -9.5% population growth for this city is - when compared to other Canadian cities.

There are 5.52% of immigrants in in Terrace Bay, 0% of which are recent immigrants to Canada. Other than English, the most common language spoken is French, with 7% of residents reporting it as their mother tongue. The largest cultural community within Terrace Bay is Canadian at 35%, followed by English at 31% and Irish at 27%.

Terrace Bay offers good employment opportunities with an unemployment rate that sits near 6%, which is - when compared to other cities. Approximately 51% of residents hold a university degree. Residents can expect good quality of life in Terrace Bay based upon a - median family income of $60,501.

According to Statistics Canada 78% of Terrace Bay residents drive. About 11% of residents that are already established within the city will move within a year, while 27% will move within five years.

Terrace Bay's population is average when it comes to homeownership, with 89% owning a home and 11% renting. The median monthly mortgage cost is estimated to be about $626, which is - when compared to renters in other Canadian cities.

In the Canadian real estate context, Terrace Bay is a good place to set down roots.

Demographics

Buying a house means owning a piece of a neighbourhood, so it’s a good idea to get to know your neighbours. Here’s a snapshot of Terrace Bay’s demographics, including median age, schools and income, using census information from Statistics Canada.

11%
Rent
89%
Own
$502
Monthly Rent (Median)
$626
Monthly Mortgage (Median)
440
Total Families
$60,501
Family Income (Median)
50
Age (Median)
51%
College Educated

Commuters

According to Statistics Canada, residents in Terrace Bay use a variety of ways to get around.

78%
Drive
0%
Transit
0%
Bike
22%
Walk

FAQs About TERRACE BAY Real Estate

According to current Terrace Bay MLS© statistics, the average home listing price in Terrace Bay, ON is $127,000. Based on Terrace Bay housing inventory, the average home is listed on the market for 24 days and has a 94.4% selling to listing price ratio.

Based on current Terrace Bay MLS© data, the average detached house in Terrace Bay, ON has a listing price of $171,000. In Terrace Bay, detached houses are on the market for 24 days on average.

According to Statistics Canada Census data, the median total household income in Terrace Bay is $60,501 per year, which is below the national median income of $67,000 per year.

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The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board nor Zolo. The information provided on this page, including the Affordability, Afford Score™, and Affordability Coach, are provided for informational purposes only and should not be used or construed as financial or investment advice by any individual. No representations or warranties, express or implied, are made by Zolo or its affiliates as to the accuracy or completeness of the information on this page.