$170,000

For sale

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Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A1B8

5 beds2 baths850 ft²Listed 28 days ago

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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$170,000

Elliot Lake

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Overview

This 5-bedroom, 2-bathroom home in Elliot Lake is for sale offering roughly 850 sq ft of space. Listed at $170,000, it is attractively priced about 33% below the $255,000 median asking price in Elliot Lake. It has been on the market 28 days, fresher than the Elliot Lake average of 66 days.

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Description

Welcome to this spacious semi-detached raised bungalow offering 5 bedrooms and 2 bathrooms, ideal for families or those seeking plenty of flexible living space. The main level features a bright, open layout with vaulted ceilings and has been recently repainted for a fresh, move-in-ready feel. The lower level offers high ceilings and additional space to suit a variety of needs. Outside, enjoy a private yard with a deck and large shed, plus a generous amount of parking. Quick closing available! (id:66096)

Rooms

Main level

Kitchen: 10.85 x 8.90
Living room: 12.60 x 17.92
Bathroom: 7.85 x 4.93
Bedroom: 10.30 x 9.30
Bedroom: 11 x 10.45

Basement

Bedroom: 13.78 x 10.74
Bedroom: 11.72 x 10.43
Bedroom: 10.84 x 10.83
Bathroom: 7.26 x 5.22
Laundry room: 13.70 x 9.50

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings
Flooring: Hardwood
Exterior: Brick, Siding
Lot Features: Paved driveway

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Natural Gas, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

28d

Elliot Lake listings, avg age

66d

Price / ft²

$200

List price

$170K

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 $170,000, about 3.4× the local median household income of $50,000.

Carrying it typically needs a household income of about $33,207 (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)

$170,000· $200/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $8,500

Min 5%50%

Mortgage payment$895/mo

↳ CMHC premium ($6,460 capitalized)

Property tax (est.)$125/mo

Total monthly$1,020

Cash Needed to Close

Down payment (5%)$8,500

Land transfer tax$1,425

Est. closing costs$3,010

Total cash needed$12,935

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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