Across the country as a whole, Elliot Lake is in the cheapest 20% when all of Canada’s suburbs are listed in order of real estate listing prices.
Want a cheaply priced house? Then at $103,900 this month, Elliot Lake, Ontario do not consider price wise.
Investors looking for properties in Elliot Lake are most likely to find 3 bedroom homes on offer this month, with 4 bedroom potential investment properties the second most popular.
Ontario has the most amount of properties available to property investors, with Elliot Lake having 74th most in the province, out of a total of 1145.
As one of Ontario’s many potential real estate investment neighbourhoods, Elliot Lake needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.
When looking across the province, Elliot Lake is the 196th most expensive in Ontario.
The $31,500 price tag on the median Elliot Lake home means that it is very cheap in comparison to the rest of the nation.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Elliot Lake has a pretty average amount compared to the rest of the province
Is Elliot Lake a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
In Elliot Lake, housing stock has increased over the last three months, which would tend to mean that more sellers are listing their houses than there are buyers to absorb the housing stock.