50 ROMAN Avenue

Elliot Lake · MLS® 40866392

Land · Vacant Land · 30 days on market

listed by AUTUMN BAUMAN, Real Broker Ontario Ltd.

realtor's description

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.

property details

type: Land, Vacant Land
parking: 0
property tax: $3,585 / yr
days on market: 30
MLS®: 40866392

monthly cost

$4,329/mo

Mortgage $4,030 · Tax $299

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$4,030/ monthly

loan $740,000

25-year amortization

down payment20% · $185,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $469,041
cash to close: $185,000; down payment; transfer tax and fees not included
total paid: $1,209,041

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.