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Elliot Lake, Ontario
Retail
Welcome to 6 Oakland — a rare opportunity to acquire a fully leased, income-producing commercial property situated on over an acre of land in a high-visibility location. This well-maintained property features a multi-tenant building with five established tenants, providing stable and diversified rental income. The site includes a fully operational car wash and automotive repair facility, making it a strong asset in a high-demand service sector. With ample parking, excellent accessibility, and strong tenant retention, this property offers investors immediate cash flow and long-term upside potential. The expansive lot size provides flexibility for future improvements or redevelopment (subject to approvals), further enhancing its value. 6 Oakland delivers stability, income, and growth potential in one compelling package making it the perfect investment to add to your portfolio.
Price History
Schools
Elementary
- Our Lady of Lourdes French Immersion Catholic School1.5 km
Catholic · Huron-Superior CDSB · 90 students
Grade 6 math: 5% met the provincial standard
- Esten Park Public School1.6 km
Public · Algoma DSB · 170 students
Grade 3 reading: 64% met the provincial standard · Grade 6 math: 43% met the provincial standard
- École publique des Villageois1.9 km
French public · CS public du Grand Nord de l'Ontario
Secondary
- North Shore Adolescent Education School1.6 km
Public · Algoma DSB
- École secondaire Villa Française des Jeunes1.9 km
French public · CS public du Grand Nord de l'Ontario
- Elliot Lake Secondary School2 km
Public · Algoma DSB · 380 students
Grade 10 literacy: 67% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P5A
- Population
- 11,372
- Private dwellings
- 6,275
- Median age
- 60.4
- Average household size
- 1.9
- Median household income
- $50,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Location
Mortgage Calculator
$250,000
Estimated Monthly Payment
$6,141
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $6,141/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $313/mo
Estimates only. Consult a financial advisor.