For sale

8 days ago

$94K

Elliot Lake, Ontario, P5A1E1

1 bd1 ba+$339/mo

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

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13 days ago

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Elliot Lake, Ontario, P5A2S5

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83 days ago

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Elliot Lake, Ontario, P5A1A6

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For sale

86 days ago

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Elliot Lake, Ontario, P5A1W8

2 bd1 ba+$562/mo

Listed by Royal LePage® Mid North Realty Elliot Lake

Investment analysis

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$95,000

Elliot Lake

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$95,000

For sale

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Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A1E1

1 bed1 bath700 ft²$339/mo condo feeListed 21 days ago

Overview

This 1-bedroom, 1-bathroom condo in Elliot Lake is for sale offering roughly 700 sq ft of space. Listed at $95,000, it is attractively priced about 27% below the $129,900 median asking price in Elliot Lake. It has been on the market 21 days, fresher than the Elliot Lake average of 66 days.

Condos for Sale in Elliot Lake →All real estate in Elliot Lake →

Description

This cozy one-bedroom condo offers the perfect blend of comfort and convenience. Step inside to discover a welcoming open-concept design seamlessly connecting the kitchen, living, and dining areas, all beautifully adorned with easy-to-maintain laminate flooring. The well-appointed bathroom and generously sized bedroom—complete with two closets—provide ample space for relaxation and storage, complemented by two additional hallway closets. Enjoy lower-level living with minimal stairs, positioned conveniently near the entrance and just steps away from laundry facilities. Bask in the tranquility of a charming garden and tree view right from your windows, all while enjoying city life just a short walk from downtown. Don’t miss this opportunity to make this your own (id:66096)

Property Details

MLS®: SM262880
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Half Baths: 0
Interior Size: 700 ft²
Year Built: 1958
Basement: None
Heating: Baseboard heaters, Electric
Garage: No Garage
Condo Fee: $339/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $717/yr
Listed: 21 days ago

Rooms

Main level

Kitchen: 4'6 x 8'6
Living room/Dining room: 10'3 x 18'1
Bathroom: 8'8 x 4'10
Bedroom: 11'8 x 11'8

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

Features

Exterior: Brick, Other

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Elliot Lake listings, avg age

66d

Price / ft²

$136

List price

$95K

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.

Haho

This 1-bed single family in Elliot Lake has been listed for 21 days, which is 45 days fresher than the city average of 66. Act while there is still low competition.

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Listed by Royal LePage® Mid North Realty Elliot Lake · Michelle Cayen

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P5A)

This home lists at $95,000, about 1.9× the local median household income of $50,000.

Carrying it typically needs a household income of about $18,557 (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)

$95,000· $136/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $4,750

Min 5%50%

Mortgage payment$500/mo

↳ CMHC premium ($3,610 capitalized)

Property tax (est.)$60/mo

Condo fee$339/mo

Total monthly$899

Cash Needed to Close

Down payment (5%)$4,750

Land transfer tax$675

Est. closing costs$2,785

Total cash needed$8,210

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice