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There are currently 471 sold bungalow listings in Thunder Bay, Ontario with an average price of $443,729 CAD.

Listings:
471
Avg. Price:
$443,729
Map View
404 Riverview Drive, Thunder Bay, ON P7C 1R6 - Property 1
SOLD
Sold: $630,000$529,900
404 Riverview Drive, Thunder Bay
4 bed • 2 bath • 2 parking
1900 Bailey Avenue, Thunder Bay, ON P7E 2X1 - Property 1
SOLD
Sold: $370,000$374,500
1900 Bailey Avenue, Thunder Bay
4 bed • 2 bath • 3.5 parking
782 John Street, Thunder Bay, ON P7B 1Z9 - Property 1
SOLD
Sold: $405,000$399,900
782 John Street, Thunder Bay
4 bed • 2 bath • N/A
412 James Street S, Thunder Bay, ON P7E 2V5 - Property 1
SOLD
Sold: $445,000$389,900
412 James Street S, Thunder Bay
4 bed • 2 bath • N/A
1340 Stanley Avenue, Thunder Bay, ON P7E 3G8 - Property 1
SOLD
Sold: $402,000$349,900
1340 Stanley Avenue, Thunder Bay
4 bed • 1 bath • 2 parking
49 Wasco Drive, Thunder Bay, ON P7G 1A2 - Property 1
SOLD
Sold: $555,000$489,900
49 Wasco Drive, Thunder Bay
4 bed • 3 bath • N/A
556 Laurentian Drive, Thunder Bay, ON P7C 5J8 - Property 1
SOLD
Sold: $620,000$619,900
556 Laurentian Drive, Thunder Bay
4 bed • 3 bath • N/A
600 Ashdale Place, Thunder Bay, ON P7E 3M6 - Property 1
SOLD
Sold: $650,000$549,900
600 Ashdale Place, Thunder Bay
4 bed • 2 bath • N/A
3135 LLOYD Street, Thunder Bay, ON P7K 1B6 - Property 1
SOLD
Sold: $750,000$779,900
3135 Lloyd Street, Thunder Bay
5 bed • 4 bath • 2 sqft
262 Sheridan Cres, Thunder Bay, ON P7C 5M4 - Property 1
SOLD
Sold: $562,500$499,000
262 Sheridan Cres, Thunder Bay
4 bed • 2 bath • N/A
115 JAMES Street N, Thunder Bay, ON P7E 2V3 - Property 1
SOLD
Sold: $350,000$369,000
115 James Street N, Thunder Bay
4 bed • 1 bath • N/A
242 Fanshaw St., Thunder Bay, ON P7C 5V1 - Property 1
SOLD
Sold: $600,000$499,000
242 Fanshaw St., Thunder Bay
4 bed • 2 bath • N/A
...

Thunder Bay Bungalow Market Trends & Statistics

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

Seller's Market(790.6% SNR)
Median Sold (6M)
$415,000
-4.9% YoY
Avg. Days on Market
18 Days
6-month closed average
Sold (6M) / Active
419 / 53
Closed vs active inventory
6M / 2Y Price Change
-8.8% (6M)
2Y trend: +17.4%
Nov 26: Median $387,450 • 54 sold • 16 DOMHover or tap points to inspect monthly data
$350k$390k$430k$470k$510kDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

Thunder Bay Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$415,00041918 days53
1 Year$410,00061118 days53
3 Years$395,5001,38517 days53
5 Years$395,5001,38517 days53

Sold Bungalow Benchmarks & Market Trends in Thunder Bay

Reviewing recently sold bungalows in Thunder Bay provides direct, unvarnished insight into actual closing values and transaction liquidity. With 471 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 Thunder Bay demonstrates resilient long-term capital preservation across traditional single-storey detached bungalows, raised bungalows, and executive bungalofts.

Average Prices by Bedroom in Thunder Bay

BedroomsAvg. PriceActive Listings
1 Bed$282,25055
2 Beds$352,047208
3 Beds$429,991624
4 Beds$499,442263
5+ Beds$618,702125

Thunder Bay Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Recent MLS® sales in Thunder Bay establish clear pricing benchmarks. Entry-level single-storey properties have traded from $250K, while renovated luxury bungalows and custom estates on expansive ravine lots have closed for up to $970K. The benchmark average sold price for a bungalow in Thunder Bay sits at $444K.

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

Secondary Suites, ADUs & Investment Potential in Thunder Bay

Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Thunder Bay, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Thunder 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 Thunder Bay exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.

Top Neighborhoods in Thunder Bay

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

NeighborhoodAvg. PriceListings
Westfort$321,989125
Northwood Park$443,058125
Shuniah$440,175111
Current River$380,875111
Grandview$458,75083
Court / Cumberland$329,97555
John Street North$528,97555
Rosslyn Road$612,50055
Edgewater Park$400,90055
Dawson Heights$632,12555

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

With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Thunder 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 Thunder Bay represents a secure lifestyle and real estate investment.

Frequently Asked Questions

Everything you need to know about bungalows in Thunder Bay.

The average sold price for a bungalow in Thunder Bay is currently $444K, 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.