$175,000

For sale

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Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A1C7

3 beds2 baths1,200 ft² lot size

Elliot Lake, Ontario, P5A2L7

3 bd2 ba

Listed by Royal LePage® Mid North Realty Elliot Lake

For saleJust listed

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, 2-bathroom home in Elliot Lake is for sale offering roughly 1,200 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.

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Description

Detached Storey and a half home located on a quiet side street. Very generous size lot with plenty of parking. Storage shed in backyard. 3 Beds, 2 Baths, Full basement. Gas forced air heat. Home is currently tenanted. Seller is motivated. Please allow 24 hours notice for all viewings. (id:66096)

Property Details

MLS®: SM262769
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Interior Size: 1,200 ft²
Lot Size: 5,227 sq ft (0.12 ac)
Year Built: 1958
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Garage: No Garage, Gravel
Property Tax: $1,443/yr
Listed: 29 days ago

Rooms

Main level

Kitchen: 17.5 X 8.4
Living room: 17.4 X 12.10
Bedroom: 9.7 X 11.7

Second level

Bedroom: 11.3 X 13.01
Bedroom: 10.0 X 13.01

Basement

Recreation room: 11.9 X 16.10

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

$146

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· $146/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)

Property tax (est.)$120/mo

Total monthly$1,042

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

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Description

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Neighbourhood profile (P5A)

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