$175,000

For sale

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Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A1B9

3 beds1 bath900 ft²Listed 29 days ago

Elliot Lake, Ontario, P5A2L7

3 bd2 ba

Listed by Royal LePage® Mid North Realty Elliot Lake

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2 days ago

$192K

Elliot Lake, Ontario, P5A2Z5

3 bd1 ba1,000 ft²

Listed by Oak Realty Ltd.

For saleJust listed

5 days ago

$350K

Elliot Lake, Ontario, P5A2E3

5 bd2 ba1,000 ft²

Listed by Oak Realty Ltd.

For sale

9 days ago

$205K

Elliot Lake, Ontario, P5A1H5

3 bd1 ba860 ft²

Listed by Oak Realty Ltd.

Investment analysis

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$175,000

Elliot Lake

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Overview

This 3-bedroom, 1-bathroom home in Elliot Lake is for sale offering roughly 900 sq ft of space. Listed at $175,000, it is attractively priced about 31% below the $255,000 median asking price in Elliot Lake. It has been on the market 29 days, fresher than the Elliot Lake average of 66 days.

Houses for Sale in Elliot Lake →All real estate in Elliot Lake →

Description

Are you looking for your forever home? This 3 bedroom, 1 bathroom home could be that house you have been looking for. This property is in a quiet area with a fairly private, fenced back yard. The home has great potential with an unfinished basement and a lower level that could be converted into an in law suite. Make your appointment to see this home today. Seller can accommodate a quick closing. (id:66096)

Rooms

Basement

Other: 24' x 15'

Lower level

Storage: 7'6"" x 5'6""
Laundry room: 15' x 10'
Recreational, Games room: 23' x 10'6""

Second level

4pc Bathroom: 8'4"" x 5'
Bedroom: 11'6"" x 9'8""
Bedroom: 10' x 10'
Bedroom: 11' x 11'

Main level

Foyer: 11'6"" x 3'8""
Dining room: 10'6"" x 7'
Kitchen: 10'6"" x 9'8""
Living room: 14' x 12'4""

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

29d

Elliot Lake listings, avg age

66d

Price / ft²

$194

List price

$175K

Homes here sell below asking price

Homes in this market sold for an average of 92.8 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (P5A)

This home lists at $175,000, about 3.5× the local median household income of $50,000.

Carrying it typically needs a household income of about $34,184 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $50,000
Population: 11,372
Median age: 60.4
Owner / renter: 61% / 39%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA P5A)

$175,000· $194/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $8,750

Min 5%50%

Mortgage payment$922/mo

↳ CMHC premium ($6,650 capitalized)

Est. property tax$146/mo

Total monthly$1,068

Cash Needed to Close

Down payment (5%)$8,750

Land transfer tax$1,475

Est. closing costs$3,025

Total cash needed$13,250

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Address not available, Elliot Lake - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P5A)

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Full Cost Breakdown