$ 795,000

New Build on Quiet Crescent

Property details for 72 Mclaren Cres, Elliot Lake

Type
Residential
Style
Bungalow
Bedrooms
3
Bathrooms
3
Living Area
1,122 square feet
Basement
Finished, Full
Parking
Garage, Concrete
Heating
Forced air, Natural gas
Exterior
Brick, Stone

This new build sits on a quiet street in Elliot Lake, about 2 km from No Frills and 3 km from Tim Hortons. The bungalow has 3 beds and 3 baths in 1,122 sq ft, with a finished basement that adds a second kitchen, living room, and a bedroom below grade. Main floor has two bedrooms, one with a walkout to a deck. The kitchen is basic but clean: stainless steel appliances, quartz countertops, and an island big enough for stools. Hardwood floors run through the main living spaces, and the basement has its own 8.35 x 10.35 kitchen for extended family or rental potential. Outside, brick and stone facade, double garage with concrete driveway. Laundry is in the basement, plus a cold room for storage. Price at $795,000 is competitive for the area, matching the only other active listing nearby. Recent sales median is $459,000, but those were older homes. This one is nearly new, so you pay for that. It's efficient with gas forced air and central air. Schools are 3-4 km out, and the airport is under 5 km.

About 72 Mclaren Cres, Elliot Lake — Property Score

54
Score: 54/100
Value
17
Priced 261.5% above area median of $219,900 based on 50 comparable properties nearby 1
$709/sqft - 223.7% above the $219/sqft area median 1
Stable pricing - no price changes since original listing date 50
Size
54
1,122 sqft - 39% less space than similarly priced homes (1,844 sqft median) 29
3 bedrooms - typical for similarly priced homes 60
3 bathrooms - 1 more than similarly priced properties nearby 72
Location
72
$46K median household income - below the Canadian average of $70K 53
77% of residents hold postsecondary credentials - a highly educated neighbourhood 85
69% homeownership rate - a balanced mix of owners and renters 78
75% of residents commute under 30 minutes - excellent commuter accessibility 90
2/km² population density - a rural or semi-rural setting 55
Market
64
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
61
Finished, Full basement - adds valuable living space 85
efficient gas forced air heating 80
No cooling system listed - common in cooler climate areas 30
No premium extras like pool, waterfront, or view 50
Investment
64
0.05% effective tax rate ($376/yr) - very low tax burden 99
-5.1% area price change year-over-year - significant price correction in Elliot Lake 25
32% renter population - moderate rental market 69
Quality
50
Condition
50
Listing
75
34 photos provided - consistent with area listings 92
3 of 7 key property details provided (43%) - some key property details missing 58

* 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.

Full Listing Description

All Property Details

Neighbourhood Census Data

Elliot Lake, Ontario

Population
784
Median Age
60.4
Median Income
$26,368
Dwelling Value
$120,028

Housing Tenure

Owners 69%
Renters 32%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2
Pop. Density: 2.4/km²
Avg Shelter Cost: $1,092/mo
Owners with Mortgage: 60.8%
Owners Spending 30%+: 17.6%
Tenants Spending 30%+: 37.5%
English only: 76.4%
French only: 1.3%
English and French: 22.3%
Median Household Income: $45,568
Median Employment Income: $24,032

Price History

Contact Agent Get in touch about 72 Mclaren Cres, Elliot Lake

Pam Sarich
Pam Sarich
Oak Realty Ltd.

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