$210,000

For sale

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Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A1V3

3 beds2 baths1,000 ft²Listed 26 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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$210,000

Elliot Lake

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Overview

This 3-bedroom, 2-bathroom home in Elliot Lake is for sale offering roughly 1,000 sq ft of space. Listed at $210,000, it is attractively priced about 18% below the $255,000 median asking price in Elliot Lake. It has been on the market 26 days, fresher than the Elliot Lake average of 66 days.

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Description

Charming 3-level backsplit featuring 3 bedrooms, a 4-piece bath, and a 2-piece bath. The main and upper levels showcase gleaming Oak floors, while the lower level boasts a large finished recreation room with an up dated patio walk-out to newly fenced (2022) backyard and gorgeous view. Outdoor highlights include a side deck and lower patio, a large newer garden shed, gorgeous views, with direct access to trails that are steps away leading to multiple local lakes and trails. (id:66096)

Rooms

Main level

Living room: 13 x 12
Dining room: 9.8 x 11.2
Kitchen: 14.4 x 9.0

Second level

Primary Bedroom: 15.2 x 8.11
Bedroom: 12.4 x 9.9
Bedroom: 9.2 x 6.5

Basement

Recreation room: 24.7 x 11
Laundry room: 11.3 x 7.5
Office: 10.2 x 7.3

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

26d

Elliot Lake listings, avg age

66d

Price / ft²

$210

List price

$210K

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 $210,000, about 4.2× the local median household income of $50,000.

Carrying it typically needs a household income of about $41,020 (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)

$210,000· $210/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $10,500

Min 5%50%

Mortgage payment$1,106/mo

↳ CMHC premium ($7,980 capitalized)

Property tax (est.)$172/mo

Total monthly$1,278

Cash Needed to Close

Down payment (5%)$10,500

Land transfer tax$1,825

Est. closing costs$3,130

Total cash needed$15,455

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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

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Rooms

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Neighbourhood profile (P5A)

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