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REAL ESTATE
Average Costs and Property Taxes
There is available housing in the Terrace Bay/Schreiber region with affordable home and apartment units. The average price for a home in Terrace Bay is $68,847 (based on 2007 MPAC assessment) and rental for a single bed apartment is on average $400/month with utilities not included. Property taxes on a house appraised at $50,000 are approximately $1500/year and $100,000 will be $3000 a year. The average price for a home in Schreiber is $46,947 (based on 2007 MPAC assessment) and rental for a single bed apartment is on average $400/month with utilities not included. Property taxes on a house appraised at $50,000 are approximately $1500/year and $100,000 will be $3000 a year.
Information Sources
People wishing to relocate to Terrace Bay have access to several sources of information on real estate including:
In addition to residential properties, there is available commercial and industrial properties in Terrace Bay and along the rest of the North Shore.
Real Estate - Census Information
There are approximately 1355 total private dwellings in the two townships, with 838 located in Terrace Bay and 594 in Schreiber.
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Terrace Bay |
Schreiber |
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Total private dwellings |
838 |
594 |
|
Total private dwellings occupied by usual residents |
690 |
400 |
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Single-detached houses - as % of total occupied private dwellings |
89.9 |
82.5 |
|
Semi-detached houses - as % of total occupied private dwellings |
3.6 |
5 |
|
Row houses - as a % of total occupied private dwellings |
1.4 |
0 |
|
Apartments; duplex - as a % of total occupied private dwellings |
0 |
2.5 |
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Apartments in buildings with fewer than five storeys - as % of total occupied private dwellings |
5.8 |
10 |
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Apartments in buildings with five or more storeys - as % of total occupied private dwellings |
0 |
0 |
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Other dwellings - as a % of total occupied private dwellings |
0 |
2.5 |
|
Number of owned dwellings |
610 |
330 |
|
Number of rented dwellings |
80 |
70 |
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Number of dwellings constructed before 1986 |
665 |
375 |
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Number of dwellings constructed between 1986 and 2006 |
25 |
25 |
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Dwellings requiring major repair - as a % of total occupied private dwellings |
2.2 |
12.5 |
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Average number of rooms per dwelling |
7 |
6.4 |
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Dwellings with more than one person per room - as a % of total occupied private dwellings |
0 |
0 |
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Source: 2006 Census |
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