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MLS® listings · updated October 21, 2026 Buyer's market · 0/100

20 Multi-Family Homes for Sale in Algoma District

Currently a buyer's market in Algoma District. Browse 611 MLS® listings, neighbourhood market stats, and recent sold history across Algoma District, Ontario.

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254 Wallace Terrace, Algoma District: home for sale
254 Wallace Terrace · $309,900

Algoma District at a glance

MLS® data

Homes for sale
20
For rent
2
Sold · 90 days
6
Average sold price · 90 days
$528,333

Market typeBuyer's market · 0/100

114 days on market (average) · 10.0 months of inventory

Full market report
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AI-friendly answerUpdated daily from MLS®

Algoma District, Ontario has 611 homes listed for sale, 565 sold in the last 90 days and a 90-day median sold price of $305,000, from the MLS®. Through Mortgage Squad Advisors — Summitly's preferred mortgage partner — you can browse listings and talk to a licensed mortgage advisor in the same flow.

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Map preview of Algoma District real estate listings
New in Algoma District

Newest multi-family homes for sale in Algoma District

The newest MLS® listings, freshest first.

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More multi-family homes for sale in Algoma District

Algoma District homes for sale

Market intelligence

Multi-family home price trends & market temperature in Algoma District

Composite hotness score, the year-long sold-price line, and a plain-English read on the data from Zara, our real estate AI.

Full Algoma District market breakdown
Market temperature

Algoma District is leaning toward a buyer's market

Composite score derived from days-on-market and months-of-inventory signals.

0
cool
Cool buyer's mktBalancedHot seller's mkt
  • Days on market
    114
    Lower = hotter
  • Months of inventory
    10.0
    Under 4 = hot
  • Closed (30d)
    6
    MLS® last 30 days
12-month trend

Average multi-family home sold price in Algoma District

Last 12 months of MLS® closed transactions, average per month.

$528,333
Not enough closed-transaction data
Sep 26Sep 26
Zara's take · Algoma District
Algoma District is currently a leaning toward buyers.

There isn't enough monthly sales data yet for a 12-month price comparison. Supply is generous at ~10.0 months — more room to negotiate.

Practical takeaway

Buyers: you have real negotiating power right now. Sellers: consider pre-listing inspections and competitive pricing to stand out.

Generated from MLS® data — not investment advice.See the full report
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Browse by price

Algoma District homes for sale by price range

Active MLS® listings per price band.

  • Under $500K
    468
  • $500K – $750K
    63
  • $750K – $1M
    50
  • $1M – $1.5M
    12
  • $1.5M – $2M
    6
  • Over $2M
    12
Browse by type

Algoma District homes by property type

Detached, semi-detached, townhouse, condo, multi-family and commercial inventory — all in one view.

Browse by bedrooms

Algoma District listings by bedroom count

  • 1+ Bedroom
    404
  • 2+ Bedrooms
    388
  • 3+ Bedrooms
    287
  • 4+ Bedrooms
    62
  • 5+ Bedrooms
    18
Popular searches

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Jump straight to the searches buyers and renters use most — each one updated daily from MLS® data.

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Popular Algoma District searches

The way buyers really search — new listings, price drops, with pool, finished basement, fixer-uppers, and more. One tap drops you on the map with that filter applied.

By postal code

Most-active postal codes in Algoma District

Forward Sortation Areas (the first 3 characters of a Canadian postal code) ranked by current MLS® inventory.

About the market

Living in Algoma District, Ontario

Algoma District has 611 homes listed for sale on the MLS® right now. The largest groups are detached houses (351), multi-family homes (44), semi-detached houses (22) and townhouses (11). Another 78 homes are listed for rent.

Over the last 90 days, 567 homes sold in Algoma District at a median price of $305,000, after an average of 36 days on the market. Over the last six months, average sold prices were: detached houses $358,083, semi-detached houses $227,977, townhouses $212,067, condos $265,996 and multi-family homes $265,772.

At the current pace of sales, Algoma District's active listings would take about 3.2 months to sell — a tight supply that usually favours sellers. Summitly's market gauge reads: Algoma District is a balanced market.

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The 5-step plan

How to buy a home in Algoma District

The steps Summitly's licensed advisors walk buyers through.

  1. 1

    Get pre-approved

    Confirm your maximum purchase price and hold a rate before you start touring properties in Algoma District. Summitly's mortgage partner, Mortgage Squad Advisors, can compare lenders for you.

  2. 2

    Browse MLS® listings in Algoma District

    Use the price, property-type and bedroom tiles on this page to narrow inventory, or draw your own search area on the map.

  3. 3

    Tour homes with a licensed agent

    Summitly can connect you with a Algoma District agent at Coldwell Banker Summit Realty, or you can work with your existing REALTOR®.

  4. 4

    Make an informed offer

    Compare the asking price with recent sold prices for similar homes nearby — Zara, our real estate AI, can pull comparables for any address.

  5. 5

    Close

    Your lender, real estate lawyer and agent coordinate the closing so the keys are released on your closing date.

Frequently asked questions

Buying and selling in Algoma District: your questions, answered

Answered with this page's own MLS® numbers.

  • How many homes are for sale in Algoma District right now?

    611 homes are listed for sale on the MLS® in Algoma District, including 351 detached houses, 44 multi-family homes and 22 semi-detached houses.

  • What do homes sell for in Algoma District?

    Homes that sold in Algoma District over the last 90 days went for a median of $305,000 and an average of $330,936, across 567 sales. Prices vary widely by property type, size and neighbourhood.

  • How much does each type of home cost in Algoma District?

    Average sold prices in Algoma District over the last six months: detached houses $358,083, semi-detached houses $227,977, townhouses $212,067, condos $265,996 and multi-family homes $265,772.

  • How long does it take to sell a home in Algoma District?

    Homes that sold in Algoma District over the last 90 days spent an average of 36 days on the market.

  • Is Algoma District a buyer's or a seller's market?

    Algoma District is a balanced market. Algoma District has about 3.2 months of inventory (active listings divided by monthly sales); under four months usually favours sellers and over six favours buyers.

  • How many homes are for rent in Algoma District?

    78 homes are listed for rent on the MLS® in Algoma District right now.

  • Where do these Algoma District numbers come from?

    Listing counts are MLS® counts, updated daily. Sold prices and days on market come from MLS® sales closed in the last 90 days; a figure based on fewer than 5 sales is withheld.

Licensed Ontario real estate brokerage

Coldwell Banker Summit Realty, Brokerage

Coldwell Banker Summit Realty, Brokerage is registered with the Real Estate Council of Ontario (RECO). Its licensed agents can help you buy, sell or lease in Algoma District, from showings and offers to closing. When you are ready to finance, you can compare mortgage options with our partner, Mortgage Squad Advisors.

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Coldwell Banker Summit Realty, Brokerage. Waqar Afzal, Broker of Record. Each office is independently owned and operated.

Ready to make a move in Algoma District?

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