40 acres for sale in Thunder Bay, ON
$40,000 · Thunder Bay, Rainy River District, Ontario · 115 km from Kenora
Advertised on Kijiji as “PCL 18819 TOVELL Lake of the Woods, Ontario”
$40,000Asking price
40Acres
$1,000/acPrice per acre
Water mentionedWater
below marketAcreScout value check
- 14% above the median $874/ac for the 8 lots of similar size in Rainy River District.
- AcreScout's value model, which compares it with the nearest listings of similar size, rates it below market.
- No risk flags found in what we check (flood zones, wetland, access, taxes).
- Listed April 22, 2026.
- The map point is approximate (a town or area centre), so check the exact location with the agent.
See this listing on the map with its value score, risk details and the all-in cost for your buyer profile.
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Similar-sized land in Rainy River District
| Listing | Price | Acres | Per acre | Water | Value |
|---|---|---|---|---|---|
| 41 acres Thunder Bay |
$18,000 | 41 | $444/ac | below market | |
| 80 acres Rainy River |
$40,000 | 80 | $500/ac | below market | |
| 40 acres Lake of the Woods (Morson) |
$30,000 | 40 | $750/ac | below market | |
| 80 acres Alberton |
$69,900 | 80 | $874/ac | below market | |
| 79 acres Thunder Bay |
$120,000 | 79 | $1,514/ac | below market | |
| 72 acres Thunder Bay |
$140,000 | 72 | $1,944/ac | below market | |
| 80 acres Rainy River Remote Area |
$545,000 | 80 | $6,812/ac | near market | |
| 35 acres Alberton (TB-401) |
$459,900 | 35 | $13,140/ac | above market |