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Open Houses in Gemstone, Thunder Bay

Open Houses in Gemstone, Thunder Bay

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Gemstone Market

Use our home price trends to better gauge local market conditions and plan your next move. The graphs below show benchmark or average prices of homes sold in the area. Data generated by MLS® Systems and the MLS® Home Price Index (HPI) — Canada’s most advanced tool to gauge local home price levels and trends.
Year over year
Past 10 years
Market Price (CAD)
$384,900
Difference over last year (%)
-2.8
Ask a REALTOR® for more detailed market information.

Gemstone

Part of the Greater Thunder Bay metropolitan area, Gemstone is a neighbourhood within Thunder Bay, Ontario.

Transportation

Getting around by car is very convenient in this neighbourhood. Most real estate listings are a rather short drive from the nearest highway, and it is very easy to access a place to park. In contrast, the public transit infrastructure in Gemstone is not very accessible. Thankfully, residents benefit from a few bus lines, and the nearest bus stop is generally very close by. Walking is not very practical for home buyers in Gemstone because very few daily errands can be run without a car. Cycling is also occasionally difficult in this part of the city as there are few bike lanes, and the topography is not very flat.

Services

A grocery store is ordinarily accessible within a reasonably short stroll from any home in Gemstone. Residents can enjoy approximately 10 restaurants and coffee shops as well. In terms of education, in this area, families will usually be able to reach daycares and primary schools without a vehicle. On the other hand, there are no high schools in Gemstone.

Character

The character of Gemstone is exemplified by its slower-paced atmosphere. Gemstone is very good for those who need quiet surroundings, as the streets are generally very tranquil.

Housing

Gemstone did not experience a single construction boom; the construction of new homes in the neighbourhood was spread throughout several decades in the twentieth and twenty-first century. In this area, the vast majority of dwellings are single detached homes, while small apartment buildings are the main alternative in the housing stock. Homeowners occupy roughly 95% of the properties in Gemstone while the remainder are rented. This neighbourhood is primarily composed of three bedroom and four or more bedroom homes.

Summary

Gemstone is a serene and peaceful neighborhood in the Greater Thunder Bay metropolitan area, ideal for those who enjoy a quiet environment. It is well-served by highways, with easy access and ample parking. Though public transit is not extensive, there are convenient bus lines for residents. The area offers a selection of restaurants and coffee shops and is perfect for families with easy access to daycares. The majority of housing options are spacious single detached homes, as well as a good selection of apartment buildings, catering to various living preferences. With a majority of homeowners, Gemstone offers a range of properties from lofts to larger family homes.