20 COLWILL Drive, Elliot Lake, ON

$399,000
MLS#:X10440208
2 beds
2 baths
700-1100 sqft
3.0 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 $399,000 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.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 42.65 x 104.99 ft lot
  • Features a walk-out, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available
  • Notable attributes: Bar Fridge, Water Heater Owned
  • Efficient water heating via gas

Description

This meticulously updated residence in Elliot Lake offers a host of premium upgrades and modern amenities. If you are looking for a low maintenance property, this is the one for you! Custom Kitchen: Renovated in 2010, the kitchen is a chef’s dream, featuring high-end appliances, elegant cabinetry, and sophisticated finishes that make both cooking and entertaining a pleasure. Basement Renovation: Freshly updated in 2024, the basement provides a versatile space ready for your personal touch. Whether you desire a cozy family room, a home theatre, or a stylish guest suite, the options are endless. Please note : There are 3 photos of the basement that have been virtually staged to showcase the space. Laundry Room/Workshop: The expansive laundry room doubles as a workshop, equipped to handle a range of tasks from household chores to DIY projects. Its large size and functional layout make it a practical asset. Oversized Storage Shed & ATV Access: The 15ft X 18ft garage/storage shed includes convenient ATV access, catering to outdoor enthusiasts and providing ample storage space for your gear and vehicles. Exterior Upgrades: Enjoy the beautifully landscaped yard featuring composite decking, an interlocking brick patio, and a complete brick driveway. The upper patio area is perfect for outdoor gatherings, and the backyard, which backs onto town-owned bush, offers privacy and direct access to ATV trails and fishing lakes. Landscaping: The property is thoughtfully landscaped with lush greenery and meticulously designed outdoor spaces, enhancing both aesthetics and functionality. Situated in a friendly small town known for its beautiful beaches, spectacular golf course and excellent amenities, this home blends modern luxury with the charm of a close-knit community. Experience the perfect combination of comfort and convenience with this exceptional property. Schedule your visit today!

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Property Summary

This detached home located at 20 COLWILL Drive, Elliot Lake is currently for sale and has been available on SousaSells for 690 days. This property is listed at $399,000 with an estimated mortgage of $1,328* per month. It has 2 beds, 2 bathrooms, and is 700-1100 square feet. 20 COLWILL Drive, Elliot Lake

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

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

Additional Details

StatusTerminated
Listed Date8/21/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Vinyl Siding
BasementWalk-Out, Finished
Lot Size42.65 × 104.99 Feet
CountyAlgoma
Annual Tax$3,053.21
Legal DescriptionPCL 9-1 SEC 1M426 SRO; LT 9 PL 1M426 GUNTERMAN; ELLIOT LAKE

Parking & Garage

Parking Spaces3.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeWater
CoolingNone

Features

Property Features

Golf, Hospital

Interior Features

Bar Fridge, Water Heater Owned

Security Features

Carbon Monoxide Detectors, Monitored, Smoke Detector

Community Features

Location

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20 COLWILL Drive, 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 20 COLWILL Drive, Elliot Lake, ON P5A 2Z7

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 Rate4.00%
Down Payment$119,700 (30.0%)
* Minimum Canadian down payment required for this price is $19,950.
Amortization Period30 Years
Estimated Monthly Payment$1,328Based on a loan of $279,300 over 30 years.
Purchase Price$399,000
Loan Amount$279,300
Provincial Land Transfer Tax:$4,460
Total Estimated Closing Taxes:$4,460

About Purchasing a Home in Elliot Lake, ON

For a property listed at $399,000 in Elliot Lake, the legal minimum down payment is $19,950 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 $4,460 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 $4,460.

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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$517,039

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.