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There are currently 25 for sale bungalow listings in Elliot Lake, Ontario with an average price of $434,783 CAD.

Listings:
25
Avg. Price:
$434,783

Elliot Lake Bungalow Market Trends & Statistics

Verified MLS® bungalow pricing, sales velocity, and historical inventory data.

Balanced Market(19.2% SNR)
Median Sold (6M)
$210,000
-60.8% YoY
Avg. Days on Market
66 Days
6-month closed average
Sold (6M) / Active
5 / 26
Closed vs active inventory
6M / 2Y Price Change
-32.3% (6M)
2Y trend: -60.8%
Nov 26: Median $149,000 • 1 sold • 153 DOMHover or tap points to inspect monthly data
$10k$295k$580k$865k$1.15MDec 25Feb 26Apr 26Jun 26Aug 26Oct 26Nov 26

Elliot Lake Historical Bungalow Market Breakdown

TimeframeMedian Sold PriceBungalows SoldAvg. Days on MarketActive Inventory
6 Months$210,000566 days26
1 Year$210,000754 days26
3 Years$215,000854 days26
5 Years$215,000854 days26

Bungalow Living & Market Dynamics in Elliot Lake

The single-storey housing market in Elliot Lake currently offers 25 verified bungalow listings on the MLS®. As one of the most coveted property segments across Ontario, bungalows in Elliot Lake are distinguished by their generous lot frontages—typically spanning 50 to 70+ feet—mature tree canopies, and exceptional privacy compared to modern high-density subdivisions.

Buyers exploring Elliot Lake will find diverse single-storey architectural configurations: classic mid-century detached brick bungalows, raised bungalows featuring high above-grade windows that flood lower levels with natural light, modern executive bungalofts with ground-floor primary suites, and expansive split-level designs.

Average Prices by Bedroom in Elliot Lake

BedroomsAvg. PriceActive Listings
2 Beds$349,2502
3 Beds$480,5008
4 Beds$325,0001
5+ Beds$349,9001

Elliot Lake Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Based on active MLS® real estate data, the benchmark average price for a detached bungalow in Elliot Lake is currently $435K. Entry-level bungalows start around $250K, presenting accessible opportunities for first-time buyers, downsizers, or renovation enthusiasts seeking solid structural footprints. At the upper tier, luxury custom bungalows and executive estates on premium mature lots command up to $949K.

Because land value represents the overwhelming majority of a bungalow's total equity in Elliot Lake, single-storey homes consistently demonstrate resilient price appreciation and strong downside protection across all real estate cycles.

Secondary Suites, ADUs & Investment Potential in Elliot Lake

Under Ontario's More Homes Built Faster Act (Bill 23) and local municipal zoning guidelines in Elliot Lake, detached bungalows offer superior multi-unit development potential. With full-footprint basements and dedicated side or rear entrances, many bungalows in Elliot Lake can readily accommodate legal secondary dwelling units, multi-generational in-law suites, or detached additional residential units (garden suites).

This dual-income capability provides substantial rental cash flow to offset mortgage costs, making bungalows in Elliot Lake exceptionally attractive to savvy real estate investors and extended families looking for private, independent living arrangements under one roof.

Top Neighborhoods in Elliot Lake

Exploring sub-areas within Elliot Lake can help buyers compare average prices and active inventory across communities.

NeighborhoodAvg. PriceListings
West$250,0001

Accessibility, Aging-in-Place & Downsizer Demand in Elliot Lake

With stair-free primary living, main-floor laundry, and seamless indoor-outdoor transitions, bungalows in Elliot Lake deliver unparalleled convenience for downsizers and retirees prioritizing accessible, single-level living. Combined with established neighbourhood amenities, proximity to GO transit corridors, top-rated school catchments, and lakefront or ravine conservation areas, purchasing a bungalow in Elliot Lake represents a secure lifestyle and real estate investment.

Frequently Asked Questions

Everything you need to know about bungalows in Elliot Lake.

The average listing price for a bungalow in Elliot Lake is currently $435K, based on real-time MLS® market inventory. Individual values vary depending on lot frontage and depth, interior renovations, and whether the lower level is finished with a legal separate-entrance suite.