$229,000
55 Pearson DR
Elliot Lake, Ontario
3bed2bath985sqft
Ontario
Elliot Lake Real Estate
Browse homes for sale in Elliot Lake • Median $259,900
$259,900Median Price
30Avg Days on Market
33House8Detached4Other3Commercial2Condo
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Homes for Sale in Elliot Lake
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About Elliot Lake Real Estate
Elliot Lake, situated in the heart of Ontario's beautiful wilderness, has a rich history steeped in mining and forestry. Founded in the 1950s as a mining town, it has evolved into a vibrant community known for its stunning landscapes and outdoor recreational opportunities. The city is surrounded by an abundance of lakes, including the picturesque Elliot Lake itself, which is a centerpiece for both residents and visitors. The city's unique character is reflected in its blend of natural beauty and a tight-knit community atmosphere, making it a welcoming place for all who visit or call it home.
One of the most compelling aspects of Elliot Lake is its strong sense of community. The city boasts a variety of local events throughout the year, including the annual Elliot Lake Music and Arts Festival, which showcases local talent and fosters community spirit. Residents enjoy engaging with one another through various clubs and organizations that promote cultural and recreational activities. The city features charming residential neighborhoods that offer affordable housing options, which is particularly appealing to first-time buyers and families looking for a peaceful, family-oriented environment.
Elliot Lake is also a hub for outdoor enthusiasts, with numerous trails for hiking, biking, and snowmobiling, along with access to excellent fishing and boating opportunities on its lakes. This combination of natural beauty and community engagement makes Elliot Lake a unique and attractive place for a diverse population. The affordability of real estate in the area, with a median listing price of $229,900, further enhances its appeal to various buyer types seeking to invest in a quality lifestyle surrounded by nature.
25 active listings with a median price of $229,900.
Lifestyle & Community
Living in Elliot Lake is characterized by a strong sense of community and a laid-back lifestyle. Residents enjoy the close-knit feel of the city, where neighbors become friends, and community events foster connections among all age groups. The local culture embraces outdoor activities, with many residents spending their free time hiking, fishing, or participating in winter sports. The city hosts various community events like farmers' markets and seasonal festivals, creating a vibrant atmosphere that celebrates local talent and craftsmanship. It's a place where families can grow, retirees can relax, and everyone can enjoy the beauty of nature right at their doorstep.
Local Amenities
- Public library
- Community center
- Hospital and healthcare services
- Shopping centers and local boutiques
- Restaurants and cafés
- Parks and recreational facilities
- Public transit options
- Schools and educational institutions
- Fitness centers
- Grocery stores
- Trails for walking and biking
- Community gardens
Points of Interest
- Elliot Lake Nuclear and Mining Museum
- The Elliot Lake Arts and Culture Center
- Hiking trails of the North Channel
- Elliot Lake Marina
- Westview Park
- Elliot Lake Golf Club
- Cedar Lake
- The Elliot Lake Mall
- Local art galleries
- Nearby Quirke Lake for fishing and boating
Market Overview
The current real estate market in Elliot Lake presents a unique opportunity for buyers, with 25 active listings and a median price of $229,900. Homes are selling relatively quickly, averaging just 30 days on the market, indicating a healthy demand. This affordability compared to larger cities in Ontario makes Elliot Lake an attractive option for first-time buyers and families. Buyers can expect a variety of housing styles, from modern bungalows to cozy cottages, catering to different preferences and budgets.
Investment Outlook
Elliot Lake shows promising investment potential, particularly for those seeking rental properties or vacation homes. The city’s affordability and appeal as a getaway destination for outdoor enthusiasts make it an attractive market for investors. With the increasing trend of remote work, more individuals may seek homes in quieter areas like Elliot Lake, further driving demand. As the local economy continues to diversify beyond mining, new development projects are also emerging, providing opportunities for growth in the real estate sector.
Ideal For
Elliot Lake is ideal for first-time homebuyers looking for affordability and a community feel, as well as retirees seeking a peaceful environment. Families will appreciate the local schools and recreational opportunities, while investors can benefit from the growing rental market and potential for property appreciation.
Living in Elliot Lake
Lifestyle
Living in Elliot Lake is characterized by a strong sense of community and a laid-back lifestyle. Residents enjoy the close-knit feel of the city, where neighbors become friends, and community events foster connections among all age groups. The local culture embraces outdoor activities, with many residents spending their free time hiking, fishing, or participating in winter sports. The city hosts various community events like farmers' markets and seasonal festivals, creating a vibrant atmosphere that celebrates local talent and craftsmanship. It's a place where families can grow, retirees can relax, and everyone can enjoy the beauty of nature right at their doorstep.
Local Amenities
Public libraryCommunity centerHospital and healthcare servicesShopping centers and local boutiquesRestaurants and cafésParks and recreational facilitiesPublic transit optionsSchools and educational institutionsFitness centersGrocery storesTrails for walking and bikingCommunity gardens
Market Insights
The current real estate market in Elliot Lake presents a unique opportunity for buyers, with 25 active listings and a median price of $229,900. Homes are selling relatively quickly, averaging just 30 days on the market, indicating a healthy demand. This affordability compared to larger cities in Ontario makes Elliot Lake an attractive option for first-time buyers and families. Buyers can expect a variety of housing styles, from modern bungalows to cozy cottages, catering to different preferences and budgets.
Investment Potential
Elliot Lake shows promising investment potential, particularly for those seeking rental properties or vacation homes. The city’s affordability and appeal as a getaway destination for outdoor enthusiasts make it an attractive market for investors. With the increasing trend of remote work, more individuals may seek homes in quieter areas like Elliot Lake, further driving demand. As the local economy continues to diversify beyond mining, new development projects are also emerging, providing opportunities for growth in the real estate sector.
Written with AI assistance using live MLS data, reviewed by our team.
Price Distribution
$0 – $200K
12
$200K – $400K
30
$400K – $600K
1
$600K – $800K
1
$800K – $1.0M
3
$1.0M – $1.5M
1
$2.0M – $3.0M
1
Explore More in Elliot Lake
Elliot Lake Market ReportPrices, trends & analysisCost of Living in Elliot LakeHousing, rent & expensesAffordability CalculatorFind out how much you can affordMortgage CalculatorEstimate monthly paymentsSchools in Elliot LakeSchools & ratings nearbyTransit in Elliot LakeStops & stations nearbyParks in Elliot LakeParks & recreation nearby
Frequently Asked Questions About Elliot Lake
How many homes are for sale in Elliot Lake?
There are currently 43 active residential listings in Elliot Lake. This includes detached homes, condos, townhouses, and other property types. Listings are updated throughout the day from CREA's DDF®.
What is the median home price in Elliot Lake?
The median list price for homes in Elliot Lake is $259,900. Actual prices vary by property type, size, and neighbourhood. Use the filters above to narrow your search by price range.
What types of properties are available in Elliot Lake?
Properties available in Elliot Lake include House (33), Detached (8), Other (4), Commercial (3), Condo (2). You can filter by property type using the search options on this page.
How long do homes stay on the market in Elliot Lake?
Homes in Elliot Lake spend a median of 30 days on market. This can vary depending on price range, property type, and local market conditions.
How often are listings updated for Elliot Lake?
Listings on this page are updated multiple times per day directly from CREA's DDF® (Data Distribution Facility). New listings typically appear within minutes of being added to the MLS® system.
Are there neighbourhood-level listings for Elliot Lake?
Yes. You can browse homes in specific neighbourhoods within Elliot Lake using the area links on this page. Each neighbourhood page includes local stats, pricing data, and property details.