$192,000

For saleJust listed

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Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A2Z5

3 beds1 bath1,000 ft²Listed 2 days ago

Elliot Lake, Ontario, P5A2L7

3 bd2 ba

Listed by Royal LePage® Mid North Realty Elliot Lake

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.

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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$192,000

Elliot Lake

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Overview

This 3-bedroom, 1-bathroom home in Elliot Lake is for sale offering roughly 1,000 sq ft of space. Listed at $192,000, it is attractively priced about 25% below the $255,000 median asking price in Elliot Lake. It has been on the market 2 days, fresher than the Elliot Lake average of 66 days.

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Description

Charming semi-detached bungalow situated on a quiet crescent and backing onto a peaceful bush setting. The bright and functional main level features an open living and dining area, an inviting eat-in kitchen, and attractive laminate flooring throughout. Three bedrooms provide comfortable living space, while the large open unfinished basement offers excellent potential for additional living space, a workshop, or plenty of storage. Gas furnace for efficient heating. Outside, enjoy a fenced yard with a large shed for added storage. A great opportunity in a quiet location! (id:66096)

Rooms

Main level

Kitchen: 8.10 x 7.90
Dining nook: 8.10 x 10.0
Dining room: 5.90 x 7.98
Living room: 15 x 11
Bathroom: 4.94 x 8.16
Bedroom: 10 x 7.97
Bedroom: 8 x 10.95
Bedroom: 8.60 x 14.48

Basement

Storage: 18.52 x 47.92

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, Alarm System, Window Coverings
Exterior: Brick, Siding
Lot Features: Paved driveway

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Electricity, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Elliot Lake listings, avg age

66d

Price / ft²

$192

List price

$192K

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 $192,000, about 3.8× the local median household income of $50,000.

Carrying it typically needs a household income of about $37,504 (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)

$192,000· $192/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $9,600

Min 5%50%

Mortgage payment$1,011/mo

↳ CMHC premium ($7,296 capitalized)

Property tax (est.)$163/mo

Total monthly$1,174

Cash Needed to Close

Down payment (5%)$9,600

Land transfer tax$1,645

Est. closing costs$3,076

Total cash needed$14,321

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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

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (P5A)

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Full Cost Breakdown