Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$129,900

Elliot Lake

Book a showing

Overview

This 3-bedroom, 2-bathroom condo in Elliot Lake is for sale. Its $129,900 asking price sits right in line with the $129,900 median in Elliot Lake. It has been on the market 13 days, fresher than the Elliot Lake average of 66 days.

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

Description

Fabulous location and an amazing investment opportunity! This 3-bedroom, 1.5-bathroom condo townhouse features a rare and highly desirable layout, boasting a seamless walk-out from the main floor living room directly into your own private, fully fenced yard. Enjoy quiet, scenic views every day as the property backs onto beautiful green space. Combining premium outdoor features with an unbeatable location, this property offers incredible long-term value for investors or savvy buyers looking to build equity. (id:66096)

Property Details

MLS®: SM262957
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Basement: Partially finished, Full
Heating: Baseboard heaters, Electric, Natural gas
Garage: No Garage
Fireplace: Yes
Condo Fee: $283/mo
Fee Includes: Common Area Maintenance
Property Tax: $2,071.49/yr
Listed: 13 days ago

Rooms

Main level

Foyer: 6.17 x 4.32
Living room/Dining room: 18.09 x 18.43
Kitchen: 8.69 x 8.85

Second level

Bathroom: 7.92 x 4.96
Bedroom: 9.93 x 10.38
Bedroom: 9.49 x 13.84
Bedroom: 8.37 x 8.95

Basement

Recreation room: 17.64 x 15.03
Bathroom: 6.47 x 5.61
Laundry room: 11.17 x 12.20

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Exterior: Brick
Lot Features: Paved driveway

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Elliot Lake listings, avg age

66d

List price

$130K

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 3-bed single family in Elliot Lake has been listed for 13 days, which is 53 days fresher than the city average of 66. Act while there is still low competition.

Set a price alert Book a showing

Listed by Oak Realty Ltd. · Erika Weller

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P5A)

This home lists at $129,900, about 2.6× the local median household income of $50,000.

Carrying it typically needs a household income of about $25,374 (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)