50 Roman Avenue, Elliot Lake, Ontario, P5A1R9
This lot in Elliot Lake is for sale. It has been on the market 43 days, fresher than the Elliot Lake average of 63 days.
$925,000
Elliot Lake
Exceptional 7.6-acre development opportunity on Roman Avenue in Elliot Lake. Zoning has been amended to permit up to 116 mixed residential units, offering a rare opportunity for developers and investors. Environmental studies have been completed and professionally prepared site and building drawings are available, providing a significant head start for future development. Ideally located within an established area surrounded by Elliot Lake's natural beauty, this property offers strong long-term potential with access to nearby amenities, recreation, and services. Rare opportunity to acquire a large-scale development site with key planning work already completed. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 43 days on market, against an average age of 63 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 93.0 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This vacant land in Elliot Lake has been listed for 43 days, which is 20 days fresher than the city average of 63. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $925,000, about 18.5× the local median household income of $50,000.
Carrying it typically needs a household income of about $180,685 (20% down, 25-yr amortization, stress-tested) — roughly 261% above the area median.
Source: Statistics Canada, 2021 Census (FSA P5A)
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