$93,500

For sale

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Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A1E1

1 bed1 bath condo fee

Elliot Lake, Ontario, P5A2S5

3 bd2 ba+$283/mo

Listed by Oak Realty Ltd.

For sale

21 days ago

$95K

Elliot Lake, Ontario, P5A1E1

1 bd1 ba700 ft²+$339/mo

Listed by Royal LePage® Mid North Realty Elliot Lake

For sale

83 days ago

$149K

Elliot Lake, Ontario, P5A1A6

2 bd1 ba+$425/mo

Listed by Oak Realty Ltd.

For sale

86 days ago

$80K

Elliot Lake, Ontario, P5A1W8

2 bd1 ba+$562/mo

Listed by Royal LePage® Mid North Realty Elliot Lake

Investment analysis

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$93,500

Elliot Lake

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Overview

This 1-bedroom, 1-bathroom condo in Elliot Lake is for sale. Listed at $93,500, it is attractively priced about 28% below the $129,900 median asking price in Elliot Lake. It has been on the market 8 days, fresher than the Elliot Lake average of 66 days.

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

Description

Fantastic one bedroom condo that is centrally located. Within walking distance to bus stop, shopping and downtown core! If you are looking for a trunk key, low maintenance condo this is the one for you! All laminate flooring. Re-insulated outside wall of living room and bedroom. Kitchen updated with new sink, counter top, and back splash. Original cupboards refurbished. Bathroom upgrades include; soaker tub, tiles, back splash, sink, vanity, taps, and flooring (2013) Newer doors in hall closet and bathroom, trim and baseboards. Appliances included. Enjoy both Comfort and affordability! Call to view today. (id:66096)

Property Details

MLS®: SM262994
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Half Baths: 0
Lot Size: 1.56 acres
Year Built: 1958
Basement: None
Heating: Baseboard heaters, Electric
Garage: No Garage
Condo Fee: $339/mo
Ownership: Condo/Strata
Property Tax: $735/yr
Listed: 8 days ago

Rooms

Main level

Living room/Dining room: 17.0 x 14.0
Bedroom: 10.0 x 12.6

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

Features

Exterior: Brick, Siding

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Elliot Lake listings, avg age

66d

List price

$94K

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 8 days, which is 58 days fresher than the city average of 66. Act while there is still low competition.

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Listed by Re/Max Sault Ste. Marie Realty Inc. · Peter Lendak

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P5A)

This home lists at $93,500, about 1.9× the local median household income of $50,000.

Carrying it typically needs a household income of about $18,264 (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)

$93,500

For sale

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Full Cost Breakdown

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Down Payment5% · $4,675

Min 5%50%

Mortgage payment$492/mo

↳ CMHC premium ($3,553 capitalized)

Property tax (est.)$61/mo

Condo fee$339/mo

Total monthly$893

Cash Needed to Close

Down payment (5%)$4,675

Land transfer tax$660

Est. closing costs$2,781

Total cash needed$8,116

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