Lake of Bays, Ontario, Canada
As of August 13, 2026, the median asking price in Lake of Bays is $749,000, across 157 active MLS® listings.
Those listings have been on the market an average of 119 days.
30 new listings came to market in Lake of Bays in the last 30 days.
Asking prices work out to about $3,452 per square foot, based on the 17 listings that report floor area.
Detached homes in Lake of Bays are listed at an average of $1,155,399 across 103 active listings.
Vacant land in Lake of Bays are listed at an average of $570,010 across 38 active listings.
Commercial properties in Lake of Bays are listed at an average of $3,156,800 across 5 active listings.
Homes in Lake of Bays are listed at an average of $2,098,800 across 5 active listings.
Big-water calm, Muskoka edge
Lake of Bays sits just east of Algonquin’s southern gateway, a broad, island-dotted lake where granite shorelines and towering pines set the tone. It’s classic cottage country, but not the theme-park version—more old boat houses, long docks, and quiet bays than bustle. Small hubs like Dwight and Baysville function as the area’s front porches: places to fuel up, grab supplies, and swap lake updates at the general store before heading back down winding roads.
The community is a mix of multigenerational cottage families, higher-income second‑home owners, and a smaller, steady year‑round population—retirees, remote workers, and the trades and service crews that keep properties running through every season. Summer brings the familiar rhythm of marina traffic, kids on paddleboards, and dinner reservations in Dwight; shoulder seasons flip the script to hiking, hunting, and loons calling across glassy water. With a walk score effectively at zero, life here is car- and boat-dependent by design, and most errands revolve around Highway 60, Highway 117, and the local marinas.
Real estate follows the shoreline: large waterfront parcels, long sightlines, and a premium for west- and south-facing exposure, privacy, and easy road access. Inventory is defined by seasonal cottages (many updated, some ripe for renovation), newer custom builds, and inland homes on acreage that trade water views for value. Expect meaningful price separation between “big water” frontage, protected bay locations, and off-water properties, with demand strongest for turnkey waterfront, deep water at the dock, and year-round usability (good wells, septic, insulation, and reliable winter access).
Lake of Bays currently has 442 active listings with a median asking price of $699,900, averaging $2,248 per square foot and about 94 days on market, pointing to a well-supplied market where buyers have time to compare options and negotiate. With 98 new listings added in the past 30 days, fresh inventory is still coming online, which can help keep pricing competitive and create opportunities for value-focused buyers and investors who can be selective on quality and location.
Walk Score 0 · Bike Score 25
The median asking price in Lake of Bays is $749,000, across 157 active MLS® listings as of August 13, 2026. The average asking price is $1,116,422. These are list prices on homes currently for sale, not sale prices.
There are 157 active MLS® listings in Lake of Bays as of August 13, 2026. 30 of them came to market in the last 30 days.
Homes currently listed in Lake of Bays have been on the market an average of 119 days as of August 13, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 157 homes currently listed in Lake of Bays, 66% detached houses, 24% vacant land, 3% commercial properties, 1% condos.
Lake of Bays has a Walk Score of 0 out of 100, which Walk Score classifies as Car-Dependent — almost all errands require a car. Bike Score is 25.