$ 795,000

New Build With Rental Suite on a Quiet Crescent

Property details for 68 Mclaren Cres, Elliot Lake

Type
Residential
Style
Bungalow
Bedrooms
3
Bathrooms
3
Living Area
1,181 square feet
Lot Size
0.16
Basement
Finished, Full
Parking
Garage, Concrete
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Exterior
Brick, Stone
Annual Taxes
$303

This brand-new bungalow on Mclaren Crescent is basically two homes in one. The main floor has 2 beds, 1.5 baths, and an open living/dining/kitchen area with hardwood floors and lots of windows. Kitchen's a standout: quartz counters, stainless steel appliances, plus a big island. Sunken living room adds some character. Walk out the dining area to the deck for summer BBQs. But here's the kicker: the full basement is a separate suite. It's got its own kitchen, living/dining space, bedroom, full bath, and laundry. Perfect for renting out to offset the mortgage or housing in-laws. Total square footage is 1,181 above grade, plus the basement, making it feel much larger. Exterior is brick and stone, with an attached double garage and concrete driveway. Lot's 0.16 acres, and there's a bus route right nearby. Schools are about 3.3 km away, and No Frills is 2.2 km for groceries. Priced at $795,000, which matches the median listing here, but it's new construction, so you're paying for that. Taxes are only $303 annually. This one's been on the market barely a day, so if you're serious, move fast.

About 68 Mclaren Cres, Elliot Lake — Property Score

58
Score: 58/100
Value
17
Priced 248.3% above area median of $228,250 based on 54 comparable properties nearby 1
$673/sqft - 200.4% above the $224/sqft area median 1
Stable pricing - no price changes since original listing date 50
Size
58
1,181 sqft - 32% less space than similarly priced homes (1,748 sqft median) 34
3 bedrooms - typical for similarly priced homes 60
3 bathrooms - typical for similarly priced properties 60
6,970 sqft lot - a generous lot for the area 78
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
76
Finished, Full basement - adds valuable living space 85
efficient gas forced air heating 80
Central air conditioning - whole-home cooling 90
No premium extras like pool, waterfront, or view 50
Investment
64
0.04% effective tax rate ($303/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
84
38 photos provided - 12% more than the area average of 34 photos 92
5 of 7 key property details provided (71%) - good detail coverage 76

* 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 68 Mclaren Cres, Elliot Lake

Pam Sarich
Pam Sarich
Oak Realty Ltd.

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