Bungalow Finder logo - Mississauga, Toronto, GTA Real Estate

There are currently 18 sold bungalow listings in Terrace Bay, Ontario with an average price of $291,250 CAD.

Listings:
18
Avg. Price:
$291,250
Map View
57 SUPERIOR Avenue, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $122,500$129,900
57 Superior Avenue, Terrace Bay
3 bed • 2 bath • N/A
88 Lakeview Drive, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $110,000$120,000
88 Lakeview Drive, Terrace Bay
2 bed • 1 bath • N/A
82 Lakeview Drive, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $225,000$239,900
82 Lakeview Drive, Terrace Bay
4 bed • 2 bath • N/A
6 Timbergrove Court, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $345,000$349,900
6 Timbergrove Court, Terrace Bay
3 bed • 2 bath • N/A
10 Eastgrove Court, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $235,000$250,000
10 Eastgrove Court, Terrace Bay
3 bed • 2 bath • N/A
41 SOUTHRIDGE Crescent, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $152,000$152,000
41 Southridge Crescent, Terrace Bay
3 bed • 1 bath • N/A
32 Cavanaugh Crescent, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $79,900$79,900
32 Cavanaugh Crescent, Terrace Bay
3 bed • 1 bath • N/A
46 Superior Avenue, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $170,000$169,900
46 Superior Avenue, Terrace Bay
4 bed • 2 bath • N/A
100 Lakeview Drive, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $185,000$199,000
100 Lakeview Drive, Terrace Bay
4 bed • 2 bath • N/A
76 East Grove Crescent, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $255,000$265,000
76 East Grove Crescent, Terrace Bay
4 bed • 2 bath • N/A
29 Eastgrove Crescent, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $265,000$269,900
29 Eastgrove Crescent, Terrace Bay
4 bed • 2 bath • N/A
42 PARKWAY Place, Terrace Bay, ON P0T 2W0 - Property 1
SOLD
Sold: $77,500$94,200
42 Parkway Place, Terrace Bay
3 bed • 1 bath • N/A

Terrace Bay Bungalow Market Trends & Statistics

Verified MLS® bungalow pricing, sales velocity, and historical inventory data.

Seller's Market(45.5% SNR)
Median Sold (6M)
$225,000
-27.9% YoY
Avg. Days on Market
46 Days
6-month closed average
Sold (6M) / Active
5 / 11
Closed vs active inventory
6M / 2Y Price Change
-47.9% (6M)
2Y trend: -48.3%
Nov 26: Median $122,500 • 1 sold • 113 DOMHover or tap points to inspect monthly data
$70k$150k$230k$310k$390kDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

Terrace Bay Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$225,000546 days11
1 Year$177,5001058 days11
3 Years$170,0001953 days11
5 Years$170,0001953 days11

Sold Bungalow Benchmarks & Market Trends in Terrace Bay

Reviewing recently sold bungalows in Terrace Bay provides direct, unvarnished insight into actual closing values and transaction liquidity. With 18 verified bungalow sales recorded on the MLS®, buyers and sellers can track real sale prices, sale-to-list price ratios, and average days on market (DOM).

Historical sales data in Terrace Bay demonstrates resilient long-term capital preservation across traditional single-storey detached bungalows, raised bungalows, and executive bungalofts.

Average Prices by Bedroom in Terrace Bay

BedroomsAvg. PriceActive Listings
1 Bed$300,0001
3 Beds$345,0001
4 Beds$260,0002

Terrace Bay Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Recent MLS® sales in Terrace Bay establish clear pricing benchmarks. Entry-level single-storey properties have traded from $255K, while renovated luxury bungalows and custom estates on expansive ravine lots have closed for up to $345K. The benchmark average sold price for a bungalow in Terrace Bay sits at $291K.

Because land value represents the overwhelming majority of a bungalow's total equity in Terrace Bay, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.

Secondary Suites, ADUs & Investment Potential in Terrace Bay

Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Terrace Bay, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Terrace Bay can readily accommodate legal secondary dwelling units, multi-generational in-law suites, or detached additional residential units (garden suites).

This dual-income capability provides substantial rental cash flow to offset mortgage costs, making bungalows in Terrace Bay exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.

Top Neighborhoods in Terrace Bay

Exploring sub-areas within Terrace Bay can help buyers compare average prices and active inventory across communities.

NeighborhoodAvg. PriceListings
TB-92$300,0001

Accessibility, Aging-in-Place & Downsizer Demand in Terrace Bay

With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Terrace Bay deliver unparalleled convenience for downsizers and retirees prioritizing accessible, single-level living. Combined with established neighbourhood amenities, proximity to GO transit corridors, top-rated school catchments, and lakefront or ravine conservation areas, purchasing a bungalow in Terrace Bay represents a secure lifestyle and real estate investment.

Frequently Asked Questions

Everything you need to know about bungalows in Terrace Bay.

The average sold price for a bungalow in Terrace Bay is currently $291K, based on real-time MLS® market inventory. Individual values vary depending on lot frontage and depth, interior renovations, and whether the lower level is finished with a legal separate-entrance suite.