85 Mississauga Avenue, Elliot Lake, ON

$284,000
MLS#:X11952649
3 beds
2 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Elliot Lake. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $284,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 55.04 x 121.75 ft lot
  • Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: On Demand Water Heater, Primary Bedroom - Main Floor, Storage
  • Efficient forced air heating via gas

Description

Great price for this lovely brick bungalow. Reduced by $31,000 fantastic value. Centrally located close to parks, shopping, restaurants, and many amenities. Spacious 3-bedroom, 2 bathroom home backing onto the forest for privacy. Generous eat-in kitchen, freshly painted, ample cabinets and counter space, updated faucets and hot water valve. Newer stainless-steel stove, freshly painted bedroom and kitchen, furnace and on demand tank-less hot water system. Nice sized living room with wood burning fireplace (WETT Certified). Finished lower level including an oversized recreation room, office or bonus space, storage and laundry room, new dryer pipe, golden faucet set and hoses, and patio painted in 2024, sump pump (2024). Large driveway to accommodate 4 to 5 cars or recreational vehicles. Oversized rear deck, gazebo, 2 sheds, fire pit, new outside water hose wheel and valve & tap for exterior watering and pressure washing, and outdoor storage under the deck. Roof, exterior siding and insulation (2010), furnace 2010 (newer motor 2021). Great outdoor environment for the outdoor enthusiast, enjoy fishing, boating, hiking, swimming and more. Seller willing to paint lower level back to a neutral colour. Furnace and HWT inspected yearly (2026 service complete). Solid home with great care.

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusExtension
Listed Date2/3/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Vinyl Siding
BasementFull, Finished
Lot Size55.04 × 121.75 Feet
CountyAlgoma
Annual Tax$2,498.09
Legal DescriptionPCL 6401 SEC AES; LT 521 PL M158 GUNTERMAN; S/T LT86268E; ELLIOT LAKE

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Park, Public Transit, School, Wooded/Treed, Place Of Worship

Interior Features

On Demand Water Heater, Primary Bedroom - Main Floor, Storage, Sump Pump

Security Features

Community Features

Location

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85 Mississauga Avenue, Elliot Lake, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 85 Mississauga Avenue, Elliot Lake, ON P5A 1E1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Elliot Lake.

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Interest Rate5.25%
Down Payment$14,200 (5.0%)
* Minimum Canadian down payment required for this price is $14,200.
Amortization Period25 Years
Estimated Monthly Payment$1,608Based on a loan of $269,800 over 25 years.
Purchase Price$284,000
Loan Amount$269,800
Provincial Land Transfer Tax:$2,735
Total Estimated Closing Taxes:$2,735

About Purchasing a Home in Elliot Lake, ON

For a property listed at $284,000 in Elliot Lake, the legal minimum down payment is $14,200 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $2,735 for this transaction. As this listing is in Elliot Lake (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,735.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Elliot Lake.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$612,531

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.