$199,900

For saleJust listed

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Address not available, Elliot Lake - Single Family for Sale

Elliot Lake, Ontario, P5A1M8

3 beds2 baths980 ft²Listed Yesterday

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3 bd2 ba

Listed by Oak Realty Ltd.

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2 bd1 baLot size 1.66 acres

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Elliot Lake, Ontario, P5A3C3

3 bd2 ba1,000 ft²

Listed by Oak Realty Ltd.

For saleJust listed

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$299K

Elliot Lake, Ontario, P5A1W4

3 bd1 ba1,920 ft²

Listed by Oak Realty Ltd.

Investment analysis

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$199,900

Elliot Lake

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Overview

This 3-bedroom, 2-bathroom home in Elliot Lake is for sale offering roughly 980 sq ft of space. Listed at $199,900, it is attractively priced about 22% below the $255,000 median asking price in Elliot Lake. It has been on the market 1 day, fresher than the Elliot Lake average of 65 days.

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

Description

Bright and airy and move in ready best describes this updated 2+1 bedroom semi detached bungalow. Stunning kitchen cabinetry offers plenty of cupboards and workspace. Conveniently located within walking distance to the downtown core and other amenities. Updates include, front door (July 2025), shingles on house and garage new in 2024. Napleon gas forced air furnace installed in 2024. Both bathrooms renovated (2024). Newer flooring throughout. Driveway has plenty of parking for several vehicles and ALL your outdoor toys. Backs onto greenspace. Handy garage that you can pursue your hobbies in year round. This home does not disappoint—come see for yourself! (id:66096)

Rooms

Main level

Kitchen: 11.4 x 12.10
Living room: 18 x 10
Bedroom: 11.8 x 9.1
Primary Bedroom: 10.5 x 11

Basement

Bedroom: 13.9 x 10.10
Recreation room: 10 x 14.7

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

Market Timing

Days on market

Elliot Lake listings, avg age

65d

Price / ft²

$204

List price

$200K

Homes here sell below asking price

Homes in this market sold for an average of 93.0 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 $199,900, about 4.0× the local median household income of $50,000.

Carrying it typically needs a household income of about $39,047 (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)

$199,900· $204/ft²

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Full Cost Breakdown

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Down Payment5% · $9,995

Min 5%50%

Mortgage payment$1,053/mo

↳ CMHC premium ($7,596 capitalized)

Property tax (est.)$171/mo

Total monthly$1,224

Cash Needed to Close

Down payment (5%)$9,995

Land transfer tax$1,724

Est. closing costs$3,100

Total cash needed$14,819

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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

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Market Timing

Location

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Neighbourhood profile (P5A)

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Full Cost Breakdown