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Thunder Bay Real Estate for Sale

5 hours ago
For Sale
$204,900

306 - 780 Gordon Street, Thunder Bay

2 beds1 baths1080 sq. ft.
7 hours ago
For Sale
$265,000

114 Prospect Ave, Out of Area

3 beds1 bathsN/A sq. ft.
2 days ago
For Sale
$189,000

30 Matthews St, Thunder Bay

3 + 1 beds3 baths1100–1500 sq. ft.
2 days ago
For Sale
$224,900

102 - 1518 Victoria Avenue East, Thunder Bay

3 beds1 baths1200 sq. ft.
6 days ago
For Sale
$304,500

2708 Park Row, Out of Area

3 + 2 beds2 baths1100–1500 sq. ft.
7 days ago
For Sale
$182,000

108 Newberry Cres, Out of Area

3 beds1 bathsN/A sq. ft.
9 days ago
For Sale
$314,000

315 - 208 Hilldale Road, THUNDER BAY

2 beds2 bathsN/A sq. ft.
11 days ago
For Sale
$245,000

538 Mcgill Cres, Out of Area

3 + 1 beds2 bathsN/A sq. ft.
13 days ago
For Sale
$299,900

507 - 590 Beverly Street, Thunder Bay

2 beds2 bathsN/A sq. ft.
14 days ago
For Sale
$179,900

551 Beverly Street, THUNDER BAY

3 beds1 bathsN/A sq. ft.
20 days ago
For Sale
$314,900

209 300 VISTA LN, THUNDER BAY

2 beds2 bathsN/A sq. ft.
20 days ago
For Sale
$399,900

1508 - 590 Beverly Street, Thunder Bay

3 beds2 baths1245 sq. ft.
20 days ago
For Sale
$189,900

232 Ogden St, Out of Area

3 beds2 bathsN/A sq. ft.
21 days ago
For Sale
$265,000

80 Jean St, Out of Area

3 beds1 bathsN/A sq. ft.
21 days ago
For Sale
$159,900

525 Wentworth Cres, Out of Area

3 beds1 bathsN/A sq. ft.
a month ago
For Sale
$1,249,000

54 Laskin Dr, Vaughan

3 + 1 beds4 baths2500–3000 sq. ft.
2 months ago
For Sale
$418,900

2128 Nova Dr, Out of Area

3 + 1 beds2 baths1500–2000 sq. ft.
2 months ago
For Sale
$469,000

304 - 37 Cumberland Street South, Thunder Bay

2 beds2 baths1818 sq. ft.
2 months ago
For Sale
$325,000

305 Talbot St, Out of Area

1 beds2 bathsN/A sq. ft.
2 months ago
For Sale
$319,000

621 Redwood Ave W, Out of Area

3 + 1 beds2 bathsN/A sq. ft.
2 months ago
For Sale
$214,900

109 Court St S, Thunder Bay

2 + 1 beds3 baths1100–1500 sq. ft.
2 months ago
For Sale
$419,900

1215 Hazelwood Dr, Out of Area

3 + 2 beds3 baths1500–2000 sq. ft.
2 months ago
For Sale
$249,000

453 Brock St E, Out of Area

3 beds2 bathsN/A sq. ft.
2 months ago
For Sale
$199,000

Lot 9 Max Lake Rd N, Thunder Bay Remote Area

3 beds2 bathsN/A sq. ft.
Showing Results 1–24 of 35
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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 163 houses, 0 townhouses, and 15 condos for sale. For past listings, search our Thunder Bay sold and expired listings. The average listing price in Thunder Bay for all home types is $293,365, which is 3% higher than May 2017. 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 206 active rental listings and an average lease price of $2,529.

Thunder Bay Neighbourhoods

Thunder Bay is home to 43 unique neighbourhoods. Popular neighbourhoods include Fairview, with 22 active real estate listings, Rosslyn Road, with 22 active real estate listings, and Downtown, with 20 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%.

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

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 = $300,000

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 $4,457

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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