50 Roman Avenue, Elliot Lake, ON

$1,100,000
MLS#:X13115676
0 beds
0 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] land located in the coveted neighborhood of Elliot Lake. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,100,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 0 Bathrooms
  • Spacious lot size measured in Feet
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • equipped with [] central cooling

Exceptional 7.6-acre development opportunity on Roman Avenue in Elliot Lake. Zoning has been amended to permit up to 116 mixed residential units, offering a rare opportunity for developers and investors. Environmental studies have been completed and professionally prepared site and building drawings are available, providing a significant head start for future development. Ideally located within an established area surrounded by Elliot Lake's natural beauty, this property offers strong long-term potential with access to nearby amenities, recreation, and services. Rare opportunity to acquire a large-scale development site with key planning work already completed. Buyer to complete their own due diligence regarding future development plans, permits, servicing, and approvals.

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Key Features

Property Type
Commercial

Additional Details

StatusActive
Listed Date5/12/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeLand
CountyAlgoma
Annual Tax$3,584.71
Legal DescriptionPCL 5015 SEC AES; BLK P PL M153 GUNTERMAN; S/T LT42626E, LT55529; ELLIOT LAKE

Heating & Cooling

Features

Property Features

Interior Features

Security Features

Community Features

Location

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50 Roman Avenue, Elliot Lake, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 50 Roman Avenue, Elliot Lake, ON P5A 1R9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$880,000
Monthly Mortgage$5,113
Property Tax (Est.)$299
Utilities & Maint.$350
Total Monthly Cost$5,762

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Elliot Lake.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Elliot Lake.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$582,417

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Central Avenue Elliot
PublicCentral Avenue, Elliot Lake, Ontario, P5A 2G4
4.8
Our Lady of Fatima Elliot
Public140 Hillside Drive North, Elliot Lake, Ontario, P5A 1X7
5.8
Esten Park Elliot
Public115 Hergott Avenue, Elliot Lake, Ontario, P5A 3B4
3.5

Secondary Schools

Elliot Lake Elliot
Public303 Mississauga Avenue, Elliot Lake, Ontario, P5A 1E8
2.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.