Thunder Bay Real Estate

  • 234 homes for sale in Thunder Bay, ON.

  • $1,100 to $1,600,000
  • $283,418 Avg List

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

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  1. Canada
  2. ON
  3. Thunder Bay

Home Prices in Thunder Bay

The asking price of homes for sale in Thunder Bay has decreased -11.36% since July last year, while the number of homes for sale has increased 16.11%. See more Thunder Bay Home Prices & Values.

House
Median Asking Price
$250K
165 Houses
Townhouse
Median Asking Price
$347K
10 Townhouses
Condo
Median Asking Price
$230K
10 Condos

Find Real Estate & MLS® Listings in Thunder Bay

Zolo has the most detailed, up-to-date set of Thunder Bay real estate listings. Right now, Thunder Bay has 244 homes for sale, including 165 houses, 10 condos, and 10 townhouses on the market.

With Zolo you'll be able to find the hottest Thunder Bay neighbourhoods, the top 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 Thunder Bay is added every 15 minutes to provide you the most-up-to-date home listings. Reach out to one of our Thunder Bay real estate agents to get started on landing your dream home today.

Thunder Bay City Guide

108K
Population
-0.7%
Population Growth
8%
Unemployment

Named after the large bay it’s situated on, the city of Thunder Bay is the second most populous city in Northern Ontario after Greater Sudbury. More than 120,000 residents are distributed throughout the broader metropolitan area of Thunder Bay, which consists of 8 parts: the City of Thunder Bay, the Municipalities of Oliver Paipoonge and Neebing, the Townships of Shuniah, Conmee, O'Connor, and Gillies, and the Fort William First Nation.

The city got its name after a referendum was held in 1969 to determine a name for the newly-amalgamated areas of Fort William and Port Arthur. The contest was tight, but in the end, “Thunder Bay” edged out “Lakehead” to win by around 500 votes. In spite of the outcome, you might still hear some people today referring to Thunder Bay as the Lakehead city.

Although it was initially established as a fur trading centre in the 17th century, Thunder Bay grew quickly to become an important transportation hub, with numerous ports that were used to transfer grain and other products all the way from western Canada to the east coast. The city experienced its greatest growth in the 20th century, thanks to the transcontinental railway that further improved its accessibility to other markets, and the booming growth of the wheat industry that resulted in the appearance of many grain elevators that still dot the landscape today.

The forest industry was another factor that brought significant funds to Thunder Bay and greatly influenced its growth, with massive quantities of logs and lumber regularly shipped to the US between 1870 and 1920. This led to the construction of the area’s first pulp and paper mill in 1917, with a further 3 being added before very long.

The climate here can be characterized as humid continental, with cool summers, warm winters and plenty of sunny days throughout the year.  Although snowfall is minimal, winter temperatures tend to be much colder than those recorded on the US side of Lake Superior.

Not all Thunder Bay statistics are positive, though. In 2012, it became the city with the highest per-capita homicide rate in Canada, a rate that continued to increase through 2014. However, by 2015, the crime rate had decreased by 6%, marking the second highest such decrease in any major Canadian city.

Today, Thunder Bay is the region's commercial, administrative and health centre, with most of its employment force working in the public sector. Until fairly recently, the manufacturing of mass transit vehicles and equipment was an important local industry, but in recent years Thunder Bay is orienting more towards knowledge-based industries, specifically within the medical field. It’s currently home to the western campus of the renowned Northern Ontario School of Medicine, as well as law schools and other educational facilities.

Nearby Cities

Many buyers are in the market for larger homes and lots for their growing families, but still need  good commuter access to Thunder Bay’s downtown core. For these purchasers, good options include Mackenzie, Kakabeka Falls, and Fort Frances, particularly in neighbourhoods that are closer to the highway or commuter train stations. Even cities that require a bit longer of a commute, such as Dryden, Kenora and Saint Paul, are viable choices, as they are likely to offer a higher percentage of affordable detached homes.

 

City
(Top 5)
Active listings
1Thunder Bay 245
2Neebing 9
3Shuniah 22
4Oliver Paipoonge 3

Demographics

If you’re planning on buying your new home in Thunder Bay, it’s a good idea to learn more about the city’s demographics. You can do this by visiting the Census Canada website and typing “Thunder Bay, Ontario, Canada” into the search bar to get the latest available information about income levels, employment trends, schools, property taxes and more.

Also, there is plenty of information available on Thunder Bay MLS websites that is extremely useful for getting a better sense of the city’s neighbourhoods, the people that live here and the overall state of the city. It’s another useful tool that can help you decide if Thunder Bay is the right place for you and your family, taking into account your lifestyle and needs.

30%
Rent
70%
Own
$698
Monthly Rent (Median)
$719
Monthly Mortgage (Median)
29,410
Total Families
$57,646
Family Income (Median)
43
Age (Median)
53%
College Educated

Schools

If you’re after good schools and elite neighbourhoods, you may want to focus your search in the West End. Here, you can find several elementary schools, public schools, and Catholic high schools, as well as a library nearby. Although there are fewer outdoor recreational locations here than in other parts of Thunder Bay, the West End is home to both the Canada Games Complex and the Thunder Bay Community Auditorium.

Elementary Schools

8.1 Holy Family
8.0 St Paul
7.9 St Francis
7.7 St Thomas Aquinas
7.4 St Pius X

Secondary Schools

7.2 St Ignatius
6.6 Hammarskjold
6.2 St Patrick
5.9 Sir Winston Churchill
n/a de la Verendrye

Commuters

Due to its geographical location, Thunder Bay has multiple transportation types to choose from (besides the standard public transportation and vehicles), including options for travelling by air, railway, and water. City residents rely mostly on vehicle transport, but Thunder Bay is making continuous efforts to encourage the use of bicycles by its residents.  

89%
Drive
4%
Transit
1%
Bike
5%
Walk

Local Scoop

Thanks to the Marina and the lake, Thunder Bay offers an abundance of outdoor activities for children, adults, and retirees.

 

Perhaps the most famous location in all of Thunder Bay is Fort William Historical Park, opened in 1973. It contains a reconstruction of the original Fort William fur trade post built in 1815, an attraction regularly enjoyed by thousands of locals and tourists every year.

 

However, it’s the Marina in downtown Port Arthur, also known as The Heart of the Harbour, that is probably the most vibrant and popular area in all of Thunder Bay. Visitors flock here to take in the stunning panoramic views of The Sleeping Giant, a natural formation of land that resembles a sleeping giant when viewed from the west to the north-northwest. The Heart of the Harbour is also a favourite location of residents for taking a stroll down the lake walk, hanging out with the kids in the playground and children’s museum or taking a cruise around the harbour on their watercraft of choice. For a fun and fascinating activity to try, there are several amethyst mines in the area where you can dig out your own crystal—a memento of Thunder Bay that you can keep forever.

A big point of pride for Thunder Bay locals is the Terry Fox Monument, a 9 ft. tall statue that pays tribute to the famous Canadian cancer activist. It overlooks Lake Superior, near the place where he was forced to abandon his Marathon of Hope journey due to cancer complications. Adults and children alike flock here to pay tribute to a great humanitarian and learn more about his legacy.

Plant and tree lovers will be thrilled by a visit to the Centennial Botanical Conservatory, home to thousands of flowers, plants, and trees. The best time to visit is spring when most of the plants have bloomed or are blooming, creating a colourful oasis where you can escape from the city crowds and enjoy a relaxing stroll through nature.

Other areas and pastimes that are favoured by locals are the city centre, the Canadian Lakehead Exhibition Annual Family Fair every August, the old Hoito restaurant that dates back to 1918, and the breathtaking Kakabeka Falls on the Kaministiquia River.

thunder-bay
The listing data above is provided under copyright by the Canadian Real Estate Association. The listing data is deemed reliable but is not guaranteed accurate by the Canadian Real Estate Association nor Zolo.