For saleJust listed

2 days ago

$175K

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

$230K

Elliot Lake, Ontario, P5A3M3

2 bd1 ba836 ft²

Listed by Oak Realty Ltd.

Investment analysis

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$205,000

Elliot Lake

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$205,000

For sale

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Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A1H5

3 beds1 bath860 ft²Listed 9 days ago

Overview

This 3-bedroom, 1-bathroom home in Elliot Lake is for sale offering roughly 860 sq ft of space. Listed at $205,000, it is attractively priced about 20% below the $255,000 median asking price in Elliot Lake. It has been on the market 9 days, fresher than the Elliot Lake average of 66 days.

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Description

Welcome to this inviting detached bungalow, offering comfortable living, a private yard and exciting potential to make it your own! The main floor features fresh updates throughout, including new flooring, trim, paint and an updated bathroom. Three bedrooms provide flexibility for family, guests or a home office, while the open kitchen and dining area create a welcoming space for everyday living. The bright living room offers a comfortable place to relax and unwind. The spacious, unfinished basement presents endless possibilities to expand your living space, create a recreation room or add value over time. Heated by a Napoleon gas furnace, this home is vacant and ready for its next owners, with quick possession available if desired. A wonderful opportunity for first-time buyers, families or investors. Don't miss out and call today! (id:66096)

Property Details

MLS®: SM262989
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Half Baths: 0
Interior Size: 860 ft²
Style: Bungalow
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Garage: No Garage
Property Tax: $2,030.9/yr
Listed: 9 days ago

Rooms

Main level

Living room: 16 x 11
Kitchen: 11 x 7.85
Dining room: 6.67 x 11.0
Bathroom: 7.67 x 4.92
Bedroom: 8.77 x 11.0
Bedroom: 8.83 x 11.0
Bedroom: 7 x 11

Basement

Recreation room: 38.31 x 21.74

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

Features

Exterior: Brick, Siding
Lot Features: Paved driveway

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Elliot Lake listings, avg age

66d

Price / ft²

$238

List price

$205K

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 9 days, which is 57 days fresher than the city average of 66. Act while there is still low competition.

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Listed by Oak Realty Ltd. · Daria Nadia Olah

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P5A)

This home lists at $205,000, about 4.1× the local median household income of $50,000.

Carrying it typically needs a household income of about $40,044 (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)

$205,000· $238/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $10,250

Min 5%50%

Mortgage payment$1,080/mo

↳ CMHC premium ($7,790 capitalized)

Property tax (est.)$169/mo

Total monthly$1,249

Cash Needed to Close

Down payment (5%)$10,250

Land transfer tax$1,775

Est. closing costs$3,115

Total cash needed$15,140

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