$259,900

For sale

Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A1P4

3 beds2 bathsListed 21 days ago

Overview

This 3-bedroom, 2-bathroom home in Elliot Lake is for sale. Its $259,900 asking price sits right in line with the $255,000 median in Elliot Lake. It has been on the market 21 days, fresher than the Elliot Lake average of 66 days.

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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$259,900

Elliot Lake

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Description

Perfect starter home! This lovely detached 1½-storey home offers an open-concept main level, with a traditional kitchen and island flowing into the living room, complete with a stunning fireplace feature wall. The separate dining room walks out to a private deck and gazebo—ideal for relaxing or entertaining. The home features two bedrooms, plus an additional bedroom in the lower level, 2 bathrooms, GFA heating, and central air conditioning. A detached garage and spacious driveway provide parking for up to five vehicles. New shingles installed (Oct 2026). The backyard hot tub, included as is, adds to this inviting family and social space. Call today to book your viewing! (id:66096)

Rooms

Main level

Kitchen: 24.8 x 18.1
Dining room: 9.0 x 8.8
Foyer: 9.6 x 6.10
Bathroom: 7 x 4.11

Second level

Bedroom: 12.5 x 12.8
Primary Bedroom: 15.11 x 12.2

Basement

Bathroom: 5.9 x 4.5
Laundry room: 15.6 x 6.1
Bedroom: 14.6 x 11.3
Family room: 22.7 x 9.0

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

21d

Elliot Lake listings, avg age

66d

List price

$260K

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 $259,900, about 5.2× the local median household income of $50,000.

Carrying it typically needs a household income of about $50,768 (20% down, 25-yr amortization, stress-tested) — roughly 2% above 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)

$259,900

For sale

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Full Cost Breakdown

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Down Payment5% · $12,995

Min 5%50%

Mortgage payment$1,369/mo

↳ CMHC premium ($9,876 capitalized)

Property tax (est.)$172/mo

Total monthly$1,540

Cash Needed to Close

Down payment (5%)$12,995

Land transfer tax$2,374

Est. closing costs$3,280

Total cash needed$18,649

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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

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Market Timing

Location

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Neighbourhood profile (P5A)

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