There are currently 2 sold bungalow listings in TB-92, Terrace Bay, Ontario with an average price of $300,000 CAD.
- Listings:
- 2
- Avg. Price:
- $300,000
Bungalows Sold in TB-92, Terrace Bay, 2 Listings
TB-92, Terrace Bay Bungalow Market Trends & Statistics
Verified MLS® bungalow pricing, sales velocity, and historical inventory data.
TB-92, Terrace Bay Historical Bungalow Market Breakdown
| Timeframe | Median Sold Price | Bungalows Sold | Avg. Days on Market | Active Inventory |
|---|---|---|---|---|
| 6 Months | $262,500 | 2 | 27 days | 3 |
| 1 Year | $262,500 | 2 | 27 days | 3 |
| 3 Years | $262,500 | 2 | 27 days | 3 |
| 5 Years | $262,500 | 2 | 27 days | 3 |
Sold Bungalow Benchmarks & Market Trends in TB-92, Terrace Bay
Reviewing recently sold bungalows in TB-92, Terrace Bay provides direct, unvarnished insight into actual closing values and transaction liquidity. With 2 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 TB-92, Terrace Bay demonstrates resilient long-term capital preservation across traditional single-storey detached bungalows, raised bungalows, and executive bungalofts.
Average Prices by Bedroom in TB-92, Terrace Bay
| Bedrooms | Avg. Price | Active Listings |
|---|---|---|
| 1 Bed | $300,000 | 1 |
TB-92, Terrace Bay Bungalow Pricing: Entry, Benchmark & Luxury Tiers
Recent MLS® sales in TB-92, Terrace Bay establish clear pricing benchmarks. Entry-level single-storey properties have traded from $300K, while renovated luxury bungalows and custom estates on expansive ravine lots have closed for up to $300K. The benchmark average sold price for a bungalow in TB-92, Terrace Bay sits at $300K.
Because land value represents the overwhelming majority of a bungalow's total equity in TB-92, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.
Secondary Suites, ADUs & Investment Potential in TB-92, Terrace Bay
Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in TB-92, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in TB-92, 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 TB-92, Terrace Bay exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.
Accessibility, Aging-in-Place & Downsizer Demand in TB-92, Terrace Bay
With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in TB-92, 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 TB-92, Terrace Bay represents a secure lifestyle and real estate investment.
Frequently Asked Questions
Everything you need to know about bungalows in TB-92, Terrace Bay.