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Thunder Bay Real Estate for Sale

Added a day ago
For Sale

436 Walsh St W, Out of Area

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Added 4 days ago
For Sale
$159,900

309 - 630 Sherrington Drive, Thunder Bay

2 beds1 baths860 sq. ft.
Added 5 days ago
For Sale
$375,000

471 Shuniah St, Thunder Bay

3 + 1 beds3 bathsN/A sq. ft.
Added 8 days ago
For Sale

371 Fassina St, Out of Area

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Added 11 days ago
For Sale
$249,900

807 - 590 Beverly Street, THUNDER BAY

2 beds2 baths1096 sq. ft.
Added 15 days ago
For Sale
$249,900

609 - 165 Court Street North, Thunder Bay

2 beds1 + 1 baths1000 sq. ft.
Added 17 days ago
For Sale
$393,900

910 Ridgeway Street East, Thunder Bay

7 beds2 + 1 baths4125 sq. ft.
Added 23 days ago
For Sale
$539,900

2260 - 2405 Sleeping Giant Parkway, THUNDER BAY

2 beds2 baths1264 sq. ft.
Added a month ago
For Sale
$292,000

908 - 405 Waverley Street, Thunder Bay

2 beds1 + 1 baths1175 sq. ft.
Added a month ago
For Sale

174 County Blvd, Out of Area

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Added a month ago
For Sale
$269,900

1101 - 590 Beverly Street, Thunder Bay

2 beds2 baths1096 sq. ft.
Added 2 months ago
For Sale
$438,500

2260 - 2504 Sleeping Giant Parkway, Thunder Bay

2 beds2 baths1116 sq. ft.
Added 2 months ago
For Sale
$375,000

443 Van Norman Street, Thunder Bay

2 beds3 baths1124 sq. ft.
Added 2 months ago
For Sale
$429,900

103 Oasis LN, Thunder Bay

3 beds3 baths2000 sq. ft.
Added 2 months ago
Price Change

192 Kensington St, Out of Area

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Added 3 months ago
For Sale

223 Fredrica St E, Out of Area

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Added 3 months ago
For Sale
$359,900

1319 - 96 High Street North, Thunder Bay

3 beds1 + 1 baths1116 sq. ft.
Added 3 months ago
For Sale
$199,900

405 - 800 Gordon Street, Thunder Bay

2 beds1 baths1014 sq. ft.
Added 4 months ago
For Sale

2290 Cavar Rd, Out of Area

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Added 4 months ago
For Sale
$139,900

607 - 130 Brodie Street South, Thunder Bay

2 beds2 baths1200 sq. ft.
Added 5 months ago
For Sale
$462,900

304 - 1230 Dawson Road, Thunder Bay

2 beds2 baths1528 sq. ft.
Added 5 months ago
For Sale
$349,900

403 - 1230 Dawson Road, Thunder Bay

2 beds2 baths1200 sq. ft.
Added 5 months ago
For Sale
$470,900

404 - 1230 Dawson Road, Thunder Bay

2 beds2 baths1528 sq. ft.
Added 5 months ago
For Sale
$419,900

102 - 1230 Dawson Road, Thunder Bay

2 beds2 baths1616 sq. ft.
Showing Results 1–24 of 29
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Buying Real Estate in Thunder Bay

There are a variety of property types to choose from when looking for real estate in Thunder Bay. There are 171 houses, 0 townhouses, and 20 condos for sale. For past listings, search our Thunder Bay sold listings and Thunder Bay expired listings The average listing price in Thunder Bay for all home types is $278,567, which is 2% higher than April 2018. There are many popular cities surrounding Thunder Bay, including Sault Ste. Marie, Winnipeg, Greater Sudbury, Windsor, Sarnia, Owen Sound, Chatsworth that offer a variety of home prices and unique areas to live. Thunder Bay also has many options for renters with 221 active rental listings and an average lease price of $2,240.

Thunder Bay Neighbourhoods

Thunder Bay is home to 42 unique neighbourhoods. Popular neighbourhoods include McKellar Park, with 21 active real estate listings, Downtown, with 21 active real estate listings, and Victoriaville Centre, with 21 active real estate listings.

Thunder Bay Property Taxes

Residents of the City of Thunder Bay are expected to pay property taxes on all residences that they own. Property taxes can usually be found on each active Zoocasa listing, or can be looked up here. As of 2017, the estimated property tax residents can expect to pay is 1.684%.

Provincial/Municipal Land Transfer Tax

There is currently no municipal land transfer tax in effect in Thunder Bay but the provincial land transfer tax still applies to all property purchases. First-time home buyers in Ontario may quality for a provincial land transfer tax rebate of up to $4,000.

See below for provincial land transfer tax rates.

Ontario Land Transfer Tax Rates
Purchase Price Rate
$0 - $55,000 0.5%
$55,000.01 - $250,000 1.0%
$250,000.01 - $400,000 1.5%
$400,000.01 - $2,000,000 2.0%
$2,000,000+ 2.5%

Thunder Bay Land Transfer Example:

Purchase price = $600,000

Ontario LTT
Purchase Price Subtract Tax Brackets Rate Non 1st Time Buyer Tax Payable 1st Time Buyer Tax Payable
$0 - $55,000 $55,000 0.5% $275 $0
$55,000 - $250,000 $195,000 1.0% $1,950 $0
$250,000 - $400,000 $150,000 1.5% $2,250 $475
$400,000 - $600,000 $200,000 2.0% $4,000 $4,000
Total LTT
Non 1st Time Buyer 1st Time Buyer
$8,475 $4,475

Thunder Bay City Guide

Part of the Thunder Bay District, Thunder Bay is the largest city in Northwestern Ontario with a population of 121,621 according to the 2016 census. The city is named after the immense “Thunder Bay” at the head of Lake Superior, and is often referred to as the “Canadian Lakehead” due to its location at the northern tip of the Great Lakes.

While forestry and manufacturing have long played an important role in the city’s economy, it has more recently become known as a “knowledge economy”, based on research and education.

Living in Thunder Bay

Demographics

The 2016 census reports 121,621 residents call Thunder Bay home, with the population split between 48% male, and 51.1% female.

However, population growth is slower in the city, increasing less than 0.1% between 2011 to 2016 compared to the 4.6% average population growth in Ontario. Thunder Bay is home to the highest concentration of people of Finnish origin per capita in Canada, (Toronto is second), and is represented by very few visible minorities; the most populous being Chinese Canadians, who make up 0.8% of the city’s population.

Schools

The Lakehead District School Board governs 22 elementary schools and 7 secondary schools across the city with 12,377 students.

Elementary School Name Fraser Rating (out of 10.0)
Crestview 8.1
Nor'wester View 7.0
McKellar Park Central 6.5
Westmount 6.5
Ogden Community 6.3

Fraser Institute Rankings for Thunder Bay High Schools

SecondarySchool Name Fraser Rating (out of 10.0)
Sir Winston Churchill 6.4
Superior CVI 5.9
Westgate 5.8
Hammarskjold 5.7
de la Verendrye 5.5

Retail

The major shopping centre, StoneThere are both large and small shopping malls and plazas in Thunder Bay, including the Arthur Street Marketplace, Centennial Square, Country Fair Mall, Grandview Mall, Intercity Shopping Centre, Northwood Park Plaza, and Victoriaville Centre. One of the first, and most popular, malls in Thunder Bay is Intercity Shopping Centre which is located just minutes away from Confederation College.

Sports

There are currently no professional sports team that belong to Thunder Bay. Most residents in the city visit Toronto for professional sports.

Thunder Bay Airbnb Regulations

There are currently no regulations in place for short-term rental platforms like Airbnb in the city of Thunder Bay

Thunder Bay Infrastructure

Public Transportation

Thunder Bay Transit is the main transit system and services the entire city with a fleet of buses. There are currently no plans for any rapid transit systems to be implemented in the city. A majority of major bus routes run from 5:45AM in the morning until 12:30AM at night, Monday to Saturday, and 9:15AM to 11:30pm on Sunday. A one-way fare on the Thunder Bay Transit system is $2.75 for adults and children. A monthly pass can be purchased for $77 a month for adults and $55 a month for youth. An annual senior pass can be purchased for $495.

Airports

Thunder Bay is serviced by Thunder Bay International Airport, currently the fifth busiest in Ontario and 16th in Canada. More than 761,000 passengers pass through this airport every year with daily service from airlines including Air Canada, Air Transat, Porter, Sunwing and WestJet. Most destinations originating from this airport include cities in Ontario, Saskatchewan, Quebec, and resorts in Mexico and Cuba.

Taxi/Uber/Lyft

The biggest taxi company that operates in Thunder Bay is Diamond Lacey’s Taxi. Because taxis are difficult to hail on the go, it is best to book in advance or visit a train station or hotel where they are usually parked waiting for passengers.

Uber currently does not operate in Thunder Bay but residents use URIDE, which is a similar ride hailing app exclusively for Thunder Bay. It is a popular alternative to regular taxi services in the city.

Highways

Thunder Bay Expressway is a four-lane highway system that runs from the western edge of the city. The route carries portions of Highway 61, 11, 17 and it is the main highway that connects Thunder Bay to the rest of Ontario. Those who are traveling east towards Toronto can take Highway 17 to going eastbound and west on Highway 61 towards the US border.

Hospitals

There are currently four hospitals in the city of Thunder Bay. These include Lakehead, Thunder Bay Regional, Thunder Bay Pioneer Ridge, and St. Joseph’s Hospital. All four hospitals are spread throughout the city centre.

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