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Houses for Sale in Thessalon ON Under $5 Million

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Are you looking for houses under $5m for sale in Thessalon ON? Square Yards Canada offers a wide selection of properties that cater to various budgets in Thessalon. Browse through detailed listings with HD images and guides to find the ideal property that fits your budget and preferences in Thessalon. Whether you’re looking to buy houses under under $5m in Thessalon ON for residential living or as investment opportunities, our listings allow you to filter by amenities, property age, number of bedrooms and much more. Explore a diverse range of Thessalon houses for sale under under $5m, including freehold homes, condos, and commercial properties.

Last Updated: November 09, 2026

28 Photos

11 Huron Street E, Algoma, ON , MLS #X14116952 , Image - 1

11 Huron Street E Thessalon, Algoma, ON MLS® X14116952

Residential Freehold (Detached)

$149900.0

Price drop by 11.8%

3 +0 Beds
2 Baths

This 2 storey home is located steps away from all the amenities in the waterfront community of Thessalon. This home offers 3 bedrooms and 2 bathrooms.

14 Photos

182 & 184 Main Street, Algoma, ON , MLS #X13887094 , Image - 1

182 & 184 Main Street Thessalon, Algoma, ON MLS® X13887094

Residential Freehold (Vacant Land)

$70000.0

Prime commercial development opportunity in the heart of Thessalon. This vacant Main Street lot offers excellent visibility, accessibility, and potent

25 Photos

33 Government Road, Algoma, ON , MLS #X14138458 , Image - 1

33 Government Road Thessalon, Algoma, ON MLS® X14138458

Residential Freehold (Detached)

$189900.0

2 +0 Beds
1 Baths

Spacious 2-bedroom bungalow offering a functional layout with a large kitchen and comfortable living room. A cozy sunroom/porch with plenty of windows

21 Photos

21 Park Street, Algoma, ON , MLS #X13887362 , Image - 1

21 Park Street Thessalon, Algoma, ON MLS® X13887362

Residential Freehold (Detached)

$169900.0

Price drop by 14.6%

2 +0 Beds
1 Baths
700-1100 sq-ft

Whether you're just starting out, looking to downsize, or searching for a low maintenance home, this charming 2 bedroom, 1 bath bungalow may be for yo

49 Photos

219 Main Street, Algoma, ON , MLS #X14138030 , Image - 1

219 Main Street Thessalon, Algoma, ON MLS® X14138030

Residential Freehold (Detached)

$449900.0

3 +0 Beds
3 Baths
1500-2000 sq-ft

A great opportunity to live and work in the heart of Thessalon! Located on Main Street and offering commercial zoning, this spacious property provides

27 Photos

202 Water Street, Algoma, ON , MLS #X14099876 , Image - 1

202 Water Street Thessalon, Algoma, ON MLS® X14099876

Residential Freehold (Detached)

$449900.0

4 +0 Beds
2 Baths
1500-2000 sq-ft

Timeless character meets modern comfort with beautiful Thessalon River views! Nestled in the waterfront community of Thessalon, this charming century

44 Photos

87 Federation Street S, Algoma, ON , MLS #X14124776 , Image - 1

87 Federation Street S Thessalon, Algoma, ON MLS® X14124776

Residential Freehold (Detached)

$239900.0

3 +0 Beds
1 Baths
700-1100 sq-ft

One-Owner Bungalow, Steps from the Beach in Thessalon very well looked after and updated over the years! Built in 1976 and kept spotless by its origin

31 Photos

34 Lighthouse Point (Lot 28), Algoma, ON , MLS #X13886834 , Image - 1

34 Lighthouse Point (Lot 28) Thessalon, Algoma, ON MLS® X13886834

Residential Freehold (Vacant Land)

$89000.0

Price drop by 9.2%

Prime waterfront living on one of the most desirable streets in town! This fully serviced lot is ready for your dream build, with underground hydro, n

15 Photos

18 Nestorville Road, Algoma, ON , MLS #X13626218 , Image - 1

18 Nestorville Road Thessalon, Algoma, ON MLS® X13626218

Residential Freehold (Vacant Land)

$248000.0

Price drop by 7.5%

A rare opportunity to own 95 acres of private, R-zoned land offering natural beauty, flexible use, and excellent access. Featuring two small lakes, a

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