3-bed bungalow near schools with wood stove and big yard

Property details for 12 Lauzon Cres, Elliot Lake

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Basement: Unfinished, Full
Parking: No Garage, Gravel
Heating: Natural gas, Wood, Wood Stove
Exterior: Brick, Siding
Annual Taxes: $2,191

This 1978 bungalow on Lauzon Crescent is all about space and location. It has 3 bedrooms and 2 baths spread over 1,392 sqft, with a full unfinished basement that's basically a blank canvas. The main floor has a huge living room at 19.9 x 11.1, and the kitchen is a decent size too. There are two fireplaces, one wood stove and one wood-burning, so you've got backup heat options. Heating is natural gas, which is efficient. Outside, there's a crushed stone driveway that can fit multiple vehicles, a trailer, or a boat, and the lot frontage is 55.3 feet. You're steps from Elliot Lake Secondary School (0.2 km) and a short walk to the French school (0.6 km). Foodland and No Frills are both under 2.5 km away, and Canadian Tire is just 1.3 km for any repairs. The place needs some TLC, but the roof was updated (per photos) and the brick exterior is solid. Interior is dated, but the layout is functional. There's a rec room in the basement already, so you could finish it for extra living space. Priced at $139,900, which is way below the neighborhood median of $227,500, so you've got room to add value. It's an as-is sale, no warranties, so factor in some renovation cash. But for the location and size, it's a solid investment or first home. Oh, and there's a full bathroom in the basement, though it's rough. Good bones, great spot.

About 12 Lauzon Cres, Elliot Lake — Property Score

Prime Location Well Priced

Score: 64/100

Value

Priced 38.9% below area median of $229,000 based on 72 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 more than similarly priced 2-bedroom homes nearby 72

2 bathrooms - typical for similarly priced properties 60

Location

$53K median household income - below the Canadian average of $70K 57

72% of residents hold postsecondary credentials - a highly educated neighbourhood 81

90% homeownership rate - indicating a stable, owner-occupied community 93

94% of residents commute under 30 minutes - excellent commuter accessibility 100

2,379/km² population density - a well-balanced suburban area 94

Market

Just listed - area average is 44 days on market 100

+0.2% median price change over 1 month - stable pricing in the area 51

23.3 months of housing supply - 70 active listings with 3 sold last month (buyer's market) 40

Features

Unfinished, Full basement - adds valuable living space 85

Natural gas, Wood, Wood Stove 60

No cooling system listed - common in cooler climate areas 30

2 fireplaces - a desirable feature for Canadian winters 85

Built in 1978 (48 years old) - established home with character 45

No premium extras like pool, waterfront, or view 50

Investment

1.57% effective tax rate ($2,191/yr) - higher than the Canadian average 53

-5.1% area price change year-over-year - significant price correction in Elliot Lake 25

10% renter population - primarily owner-occupied area 42

Quality

Condition

Listing

23 photos provided - below the area average of 34 photos 92

4 of 7 key property details provided (57%) - some key property details missing 67

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.