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Land For Sale in River Terrace, Thunder Bay

1 Land For Sale in River Terrace, Thunder Bay
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River Terrace 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.

River Terrace

The neighbourhood of River Terrace can be found in the city of Thunder Bay, Ontario, which is located in the Greater Thunder Bay metropolitan area.

Transportation

Driving is an excellent transportation option in River Terrace. It is especially convenient to come across a parking spot, and many houses for sale are a reasonably short car ride from the nearest highway. In contrast, travelling by public transit is challenging in River Terrace. Nevertheless, residents have access to a few bus lines, and bus stops are not very far away from most properties. Most homes for sale in this part of the city are located in areas that are not very convenient for pedestrians since carrying out daily needs is at times challenging without a car. In contrast, this neighbourhood is moderately conducive to cycling.

Services

Families will appreciate the proximity to daycares, which are within a short distance from most houses for sale in this area. However, high schools are not numerous in River Terrace, and thus often beyond walking distance, and there are no primary schools. With regards to food, home buyers in this part of the city commonly need a vehicle to buy groceries. Nonetheless, getting to the closest pharmacy and consequently some basic food items is usually convenient. River Terrace is a good place in which to go out to eat, and a limited selection of coffee shops can be found as well.

Character

River Terrace offers a relaxed environment. River Terrace is very quiet overall, as the streets are especially tranquil.

Housing

Around 90% of the units in the neighbourhood are occupied by homeowners while the rest are rented. The predominance of single detached homes in the housing stock of this area is an important part of its character. The buildings in this area are very modern, since about 40% of its dwellings were constructed following the year 2000, while many of the remaining buildings were built in the 1960s and the 1980s. This neighbourhood is notable for those looking for four or more bedroom homes.

Summary

River Terrace is a peaceful and convenient neighborhood in Thunder Bay, Ontario, offering easy access to nearby grocery stores, pharmacies, restaurants, and cafes. The area is known for its quiet atmosphere and is mainly comprised of single detached homes, making it a great place to settle down for families or those who value a spacious living environment. With the majority of residents being homeowners, River Terrace has a strong sense of community and pride of ownership. While driving is the preferred mode of transportation, there are also bus lines available for those who prefer public transit.