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There are currently 8 sold bungalow listings in Elliot Lake, Ontario with an average price of $594,167 CAD.

Listings:
8
Avg. Price:
$594,167
Map View
22A Ottawa Avenue, Elliot Lake, ON P5A 2P1 - Property 1
SOLD
Sold: $210,000$259,900
22a Ottawa Avenue, Elliot Lake
6 bed • 2 bath • N/A
50 Hutchison Avenue, Elliot Lake, ON P5A 1W5 - Property 1
SOLD
Sold: $195,000$198,000
50 Hutchison Avenue, Elliot Lake
4 bed • 2 bath • N/A
8 Hemlock Place, Elliot Lake, ON P5A 2H7 - Property 1
SOLD
Sold: $390,000$399,000
8 Hemlock Place, Elliot Lake
3 bed • 2 bath • N/A
43 Poplar Road, Elliot Lake, ON P5A 2J4 - Property 1
SOLD
Sold: $149,000$157,500
43 Poplar Road, Elliot Lake
2 bed • 1 bath • N/A
82 Bobcat Trail, Elliot Lake, ON P5A 2S9 - Property 1
SOLD
Sold: $1,012,500$1,035,000
82 Bobcat Trail, Elliot Lake
5 bed • 3 bath • 8 parking
18 Valley Crescent, Elliot Lake, ON P5A 2G6 - Property 1
SOLD
Sold: $220,000$224,018
18 Valley Crescent, Elliot Lake
3 bed • 2 bath • 8 parking
129 Axmith Avenue, Elliot Lake, ON P5A 1B9 - Property 1
SOLD
Sold: $160,000$199,000
129 Axmith Avenue, Elliot Lake
3 bed • 1 bath • 7,162 sqft
20 COLWILL Drive, Elliot Lake, ON P5A 2Z7 - Property 1
SOLD
Sold: $380,000$389,000
20 Colwill Drive, Elliot Lake
2 bed • 2 bath • 3,983 sqft

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

Sold Bungalow Benchmarks & Market Trends in Elliot Lake

Reviewing recently sold bungalows in Elliot Lake provides direct, unvarnished insight into actual closing values and transaction liquidity. With 8 verified bungalow sales recorded on the MLS®, buyers and sellers can track real sale prices, sale-to-list price ratios, and average days on market (DOM).

Historical sales data in Elliot Lake demonstrates resilient long-term capital preservation across traditional single-storey detached bungalows, raised bungalows, and executive bungalofts.

Average Prices by Bedroom in Elliot Lake

BedroomsAvg. PriceActive Listings
2 Beds$380,0001
3 Beds$390,0001
5+ Beds$1,012,5001

Elliot Lake Bungalow Pricing: Entry, Benchmark & Luxury Tiers

Recent MLS® sales in Elliot Lake establish clear pricing benchmarks. Entry-level single-storey properties have traded from $380K, while renovated luxury bungalows and custom estates on expansive ravine lots have closed for up to $1.0M. The benchmark average sold price for a bungalow in Elliot Lake sits at $594K.

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.

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 sold price for a bungalow in Elliot Lake is currently $594K, 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.