Elliot Lake, Ontario – The Maple Realty

Elliot Lake, located in northern Ontario with a population of 9,837 people, is a picturesque city known for its natural beauty, recreational opportunities, and welcoming community. Once a thriving mining town, Elliot Lake has reinvented itself as a hub for retirees and outdoor enthusiasts. The city is surrounded by pristine lakes, forests, and trails, offering a high quality of life in a tranquil setting

Real Estate Market in the City

Market Characteristics

Elliot Lake’s real estate market is characterized by its affordability and steady demand, particularly among retirees and those seeking a slower pace of life. The market features a variety of residential properties, including single-family homes, condominiums, and cottages. The city’s affordable housing and natural surroundings make it an attractive destination for buyers.

Property Types Available and Prices

Detached Houses: Prices range from CAD 150,000 to CAD 400,000, depending on size and location.
Semi-Detached and Townhouses: More affordable options, with prices ranging from CAD 150,000 to CAD 300,000.
Condominiums: Suitable for retirees and small families, with prices ranging from CAD 80,000 to CAD 200,000.
Cottages and Waterfront Properties: Ideal for vacation homes, priced from CAD 200,000 to CAD 500,000.
Commercial Properties: Prices vary widely based on size and location, starting from CAD 100,000.
Vacant Land: Available for development, with prices starting from CAD 20,000.

The price of land per square foot can vary between CAD 150 – CAD 300.

Attractions and Lifestyles

Elliot Lake offers a variety of attractions and lifestyle amenities:

Elliot Lake Nuclear and Mining Museum: Showcasing the city’s mining history and heritage.
Sherriff Creek Wildlife Sanctuary: A natural area with trails and opportunities for wildlife viewing.
Elliot Lake Boat Launch: Providing access to the city’s numerous lakes for boating and fishing.
Local Festivals: Including the Elliot Lake Arts on the Trail and the Uranium Heritage Days.
Outdoor Activities: Hiking, biking, fishing, and hunting in the surrounding forests and lakes.
Golf Courses: The Stone Ridge Golf Course offers scenic views and a challenging play experience.

Living in the City

Living in Elliot Lake offers a high quality of life with a strong sense of community. The city has excellent healthcare services, a variety of educational institutions, and numerous shopping and dining options. Elliot Lake is known for its safe neighborhoods, friendly residents, and vibrant community events. The city’s natural surroundings provide ample opportunities for outdoor activities and scenic enjoyment.

Summary

Elliot Lake is a charming and tranquil city that offers a balanced lifestyle with urban conveniences and a strong sense of community. Its real estate market provides diverse options for buyers, from affordable family homes to cottages and waterfront properties. With a rich array of attractions, recreational opportunities, and essential amenities, Elliot Lake is an ideal place to live, work, and explore. The city’s ongoing development and community focus make it a promising destination for both residents and investors.