Providence Bay, Ontario, Canada
As of September 4, 2026, the median asking price in Providence Bay is $445,000, across 43 active MLS® listings.
Those listings have been on the market an average of 99 days.
10 new listings came to market in Providence Bay in the last 30 days.
Detached homes in Providence Bay are listed at an average of $862,567 across 18 active listings.
Vacant land in Providence Bay are listed at an average of $229,488 across 16 active listings.
Providence Bay is a small lakeside neighbourhood on the south shore of Manitoulin Island, defined by seasonal tourism, beach access, and a low-density mix of cottages and detached homes. The area skews toward families and retirees, with a noticeable seasonal population increase in summer due to visitors drawn to Providence Bay Beach, boardwalk access, local restaurants, and waterfront recreation. Daily amenities are limited within the immediate neighbourhood, so residents typically rely on nearby communities on Manitoulin for broader shopping and services, while healthcare and larger retail options require a longer drive to larger centres off-island.
Real estate here is driven more by lifestyle and second-home demand than by year-round employment growth. Inventory can be thin and pricing is sensitive to waterfront proximity, condition (winterized vs. seasonal), and short-term rental potential. Schools and child-focused services are more limited compared with urban markets, and transit is car-dependent with no practical local public transit—access is primarily via regional roads. Investment performance tends to favour yield from seasonal/short-term rentals and long-term appreciation tied to recreation-property demand, but it carries higher vacancy risk in the off-season and greater sensitivity to broader economic cycles that impact discretionary travel and cottage purchases.
Providence Bay is showing limited market data right now, suggesting low listing volume and fewer recent transactions to benchmark pricing and demand. For buyers, this can mean less competition but also fewer options, while investors should expect higher uncertainty on fair value and time-on-market until more comparable sales and active listings emerge.
Walk Score 8 · Bike Score 25
The median asking price in Providence Bay is $445,000, across 43 active MLS® listings as of September 4, 2026. The average asking price is $683,554. These are list prices on homes currently for sale, not sale prices.
There are 43 active MLS® listings in Providence Bay as of September 4, 2026. 10 of them came to market in the last 30 days.
Homes currently listed in Providence Bay have been on the market an average of 99 days as of September 4, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Of the 43 homes currently listed in Providence Bay, 42% detached houses, 37% vacant land, 5% townhouses, 2% multi-family homes.
Providence Bay has a Walk Score of 8 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
Data from MLS® System. Deemed reliable but not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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