$79,900

For sale

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Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A1W8

2 beds1 bath condo fee

Elliot Lake, Ontario, P5A1E1

1 bd1 ba+$339/mo

Listed by Re/Max Sault Ste. Marie Realty Inc.

For sale

13 days ago

$130K

Elliot Lake, Ontario, P5A2S5

3 bd2 ba+$283/mo

Listed by Oak Realty Ltd.

For sale

21 days ago

$95K

Elliot Lake, Ontario, P5A1E1

1 bd1 ba700 ft²+$339/mo

Listed by Royal LePage® Mid North Realty Elliot Lake

For sale

83 days ago

$149K

Elliot Lake, Ontario, P5A1A6

2 bd1 ba+$425/mo

Listed by Oak Realty Ltd.

Investment analysis

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$79,900

Elliot Lake

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Description

Incredible Opportunity | Prime Location 2-Bed Condo with Balcony Looking for a home with great bones and location to match? This sun-drenched 2-bedroom unit is ready for your personal touch! Enjoy open-concept living, large windows, and a private balcony perfect for your morning coffee. Walk to everything—downtown, Hillside Plaza, transit, the hospital, and local beaches are all just steps away. Offered as-is with immediate possession available. Monthly Fee ($562) Includes: Heat, city water & sewer, assigned parking, and private storage unit. Seller is willing to accommodate a seller takeback with a sufficient down payment. (id:66096)

Property Details

MLS®: SM262129
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Half Baths: 0
Basement: None
Heating: Boiler, Natural gas
Garage: No Garage
Condo Fee: $562/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $922/yr
Listed: 86 days ago

Rooms

Main level

Kitchen: 9'3" x 7'8"
Living room/Dining room: 20'4" x 13'3"
Bathroom: x 0
Primary Bedroom: 9'4" x 11'4"
Bedroom: 9'5" x 11'4"
Bedroom: 9'5" x 10'
Foyer: x 0

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

86d

Elliot Lake listings, avg age

66d

List price

$80K

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 $79,900, about 1.6× the local median household income of $50,000.

Carrying it typically needs a household income of about $15,607 (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)

$79,900

For sale

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Full Cost Breakdown

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Down Payment5% · $3,995

Min 5%50%

Mortgage payment$421/mo

↳ CMHC premium ($3,036 capitalized)

Property tax (est.)$77/mo

Condo fee$562/mo

Total monthly$1,060

Cash Needed to Close

Down payment (5%)$3,995

Land transfer tax$524

Est. closing costs$2,740

Total cash needed$7,259

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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

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Neighbourhood profile (P5A)

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