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Elliot Lake, Ontario
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Nestled in the heart of Elliot Lake’s bustling lower plaza, Mom's Place Family Restaurant presents an exceptional opportunity to acquire a thriving, well-established local landmark. With 17 years of successful family operation, this 1,344-square-foot turnkey space comfortably seats approximately 48 guests and maintains a strong, consistent financial performance. Currently serving breakfast and lunch five days a week, the business offers tremendous potential for growth through extended hours, all supported by a dedicated owner eager to assist in a smooth transition for the new buyer.
Price History
Schools
Secondary
- North Shore Adolescent Education School1 km
Public · Algoma DSB
- École secondaire Villa Française des Jeunes1.1 km
French public · CS public du Grand Nord de l'Ontario
- Elliot Lake Secondary School1.5 km
Public · Algoma DSB · 380 students
Grade 10 literacy: 67% met the provincial standard
Elementary
- Our Lady of Fatima Catholic School1 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-Vanier1 km
French Catholic · CSDC du Nouvel-Ontario
- Central Avenue Public School1 km
Public · Algoma DSB · 145 students
Grade 3 reading: 62% met the provincial standard · Grade 6 math: 14% 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
$31,500
Estimated Monthly Payment
$774
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $774/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $39/mo
Estimates only. Consult a financial advisor.