Meldrum Bay, Ontario, Canada
As of September 4, 2026, the median asking price in Meldrum Bay is $195,000, across 9 active MLS® listings.
Those listings have been on the market an average of 166 days.
1 new listing came to market in Meldrum Bay in the last 30 days.
Vacant land in Meldrum Bay are listed at an average of $140,380 across 5 active listings.
Meldrum Bay is a very small, remote waterfront community on Manitoulin Island’s western end, oriented around a quiet harbour, marinas/boating, and seasonal tourism. The neighbourhood is low-density and rural-residential with many cottages and detached homes on larger lots; the population skews older with a meaningful seasonal/part-time resident component. Amenities are limited and locally oriented (harbour/marina, small services and community facilities), with most broader shopping, healthcare, and professional services requiring a drive to larger Manitoulin centres or off-island.
Schools are limited in immediate proximity and families often rely on school options in other parts of Manitoulin with busing/longer commutes; this reduces year-round rental demand compared with larger towns. Transit is largely car-dependent with no true urban transit network; connectivity is shaped by driving distances and ferry/road access to the island. Real estate tends to be driven more by lifestyle and recreational demand than by employment growth, leading to thinner sales volumes, higher seasonality, and more variable pricing. Investment performance is typically strongest for short-term/seasonal rentals in peak months, while long-term rentals are constrained by a small tenant pool and limited year-round job base.
Market activity in the Meldrum Bay neighbourhood is currently hard to quantify because there is limited market data available. With too few recent listings and sales to support reliable pricing or trend indicators, buyers and investors should expect conditions to vary significantly from property to property and rely on up-to-date local comps and on-the-ground due diligence before making decisions.
Walk Score 0 · Bike Score 25
The median asking price in Meldrum Bay is $195,000, across 9 active MLS® listings as of September 4, 2026. The average asking price is $245,044. These are list prices on homes currently for sale, not sale prices.
There are 9 active MLS® listings in Meldrum Bay as of September 4, 2026. 1 of them came to market in the last 30 days.
Homes currently listed in Meldrum Bay have been on the market an average of 166 days as of September 4, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Meldrum Bay 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.
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Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
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