48 Ontario AVE
Elliot Lake, Ontario
Other
Income-generating mixed-use opportunity in central Elliot Lake. This property features over 1,000 sq.ft of main-floor commercial space plus over a 1,000 sq.ft two bedroom apartment above-offering strong potential for investors or owner-operators. The upper unit is a bright, open-concept 2-bedroom apartment, capable of generating approximately $1,000/month in rental income. The main-floor commercial space includes: Dedicated washroom, Basement storage, Flexible layout suitable for a variety of business uses. Zoned for mixed-use, the property offers excellent upside for : Retail or service-based businesses, Live/work ownership, Investors seeking dual-income streams. A great opportunity to add value through leasing or customizing the commercial space.
Price History
Schools
Secondary
- North Shore Adolescent Education School0.8 km
Public · Algoma DSB
- École secondaire Villa Française des Jeunes1 km
French public · CS public du Grand Nord de l'Ontario
- Elliot Lake Secondary School1.3 km
Public · Algoma DSB · 380 students
Grade 10 literacy: 67% met the provincial standard
Elementary
- Our Lady of Fatima Catholic School0.9 km
Catholic · Huron-Superior CDSB · 305 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 46% met the provincial standard
- École élémentaire catholique Georges-Vanier0.9 km
French Catholic · CSDC du Nouvel-Ontario
- École publique des Villageois1 km
French public · CS public du Grand Nord de l'Ontario
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
$58,000
Estimated Monthly Payment
$1,425
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,425/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $73/mo
Estimates only. Consult a financial advisor.
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