Vermilion Bay, Ontario, Canada
As of August 12, 2026, the median asking price in Vermilion Bay is $164,500, across 3 active MLS® listings.
Those listings have been on the market an average of 308 days.
Vermilion Bay is a small Northwestern Ontario lakeside community in the Municipality of Sioux Lookout, centred along Hwy 105 near the Vermilion River and a dense network of surrounding lakes and cottages. The neighbourhood feel is rural and outdoors-oriented, with a mix of year-round residents (many tied to trades, local services, forestry/resource-related work, and regional commuting) and a strong seasonal population drawn by fishing, boating, and hunting. Housing is primarily detached homes, cabins/cottages, and older bungalows on larger lots, with limited new subdivision-style supply.
Amenities are modest but practical: local convenience retail and services in-town, with more comprehensive shopping, healthcare, and employment in Sioux Lookout and Dryden. Schools are served via regional boards (elementary options locally/nearby and secondary schooling typically accessed in the wider area), and daily mobility is largely car-dependent; intercommunity travel relies on Highway 105/17 connections and limited regional bus/rail options compared with southern Ontario markets. Real estate trends tend to be driven by lifestyle demand (recreation/second homes), constrained inventory, and higher construction/renovation costs, resulting in prices that can move meaningfully on low sales volumes; rents are supported by limited long-term supply but are capped by the small employment base and seasonal dynamics.
Vermilion Bay currently has 4 active for-sale listings with a median asking price of $189,700 and an average of $164/sqft, pointing to a small, price-sensitive market where individual listings can influence typical pricing. With homes averaging 219 days on market and only 1 new listing in the past 30 days, inventory is limited but turnover is slow, giving buyers room to negotiate while investors should be selective and plan for longer holding and marketing timelines.
Walk Score 22 · Bike Score 33
The median asking price in Vermilion Bay is $164,500, across 3 active MLS® listings as of August 12, 2026. The average asking price is $229,500. These are list prices on homes currently for sale, not sale prices.
There are 3 active MLS® listings in Vermilion Bay as of August 12, 2026.
Homes currently listed in Vermilion Bay have been on the market an average of 308 days as of August 12, 2026. This measures how long active listings have been available so far, not how long they take to sell.
Vermilion Bay has a Walk Score of 22 out of 100, which Walk Score classifies as Car-Dependent — almost all errands require a car. Bike Score is 33.