For sale

DetachedOn market 165 daysPrice drop · $14,900 off (-3.2%)

78 Central Ave, Elliot Lake

Name: 78 Central Avenue
SKU: X13887102
Price: 445000 CAD
Availability: InStock

Elliot Lake, ON · MLS® X13887102Updated June 3, 2026

$445,000Est. $2,186/mo mortgage

Bedrooms: 4
Bathrooms: 2

Type Detached
Lot 50 acres
Garage Yes
Basement Full, Partially Finished

What you should know

78 Central Ave is a 4-bedroom, 2-bathroom detached home in Elliot Lake, listed for $445,000.

Located in a sought-after neighbourhood close to parks, schools, beaches, and scenic hiking trails.
The bright, open-concept main living area features a beautifully updated kitchen with off-white shaker-style cabinets and stainless steel appliances, seamlessly flowing into the dining and living spaces.
The modern main bathroom showcases a freestanding tub and a walk-in shower for a spa-like feel.

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4 Bed, 2 Bath Detached Home in Elliot Lake

About 78 Central Avenue

Unique floor plan unlike any other in town! Located in a sought-after neighbourhood close to parks, schools, beaches, and scenic hiking trails. This charming 1.75-storey home offers 4 bedrooms, 1 full bath, and a convenient 2-piece bath. The bright, open-concept main living area features a beautifully updated kitchen with off-white shaker-style cabinets and stainless steel appliances, seamlessly flowing into the dining and living spaces. Walk out from the kitchen to a covered back porch—perfect for BBQing and entertaining. An additional sunken living room adds character and extra space for relaxing. The modern main bathroom showcases a freestanding tub and a walk-in shower for a spa-like feel. Upstairs, enjoy a private balcony overlooking peaceful green space. The lower level offers a walkout to a fenced yard and direct access to a large detached 1.5-car garage with basement space for added storage or workspace.

4 bedrooms, 2 bathrooms. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 78 Central Ave

Every detail from the listing, in one place.

Type: Detached
Style: Other
Basement: Full, Partially Finished

Features & systems

Parking & garage

Garage: Yes

Interior

Basement: Full · Partially Finished

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Other
Property class: Detached

78 Central Ave Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® X13887102−$14,900 (3.2%)$445,000
Apr 30, 2026For saleListedThis listingMLS® X13887102$459,900

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 78 Central Ave Compares to the Elliot Lake Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

There isn’t enough local sales data to estimate this home’s value yet. The comparable sales and market numbers are the best guide.

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Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Recently sold nearby in Elliot Lake

Sold prices are shown free to signed-in members, as board rules require.

2 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home78 Central Avenue 4 bd · 2 ba	$445,000asking	—	—	—
82 Bobcat Trail 3 bd · 3 ba · 1,500 sqft
129 Axmith Avenue 3 bd · 1 ba · 700 sqft

82 Bobcat Trail
3 bd · 3 ba · 1,500 sqft
129 Axmith Avenue
3 bd · 1 ba · 700 sqft

Living in Elliot Lake: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

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Costs, Mortgage & Rental Return for 78 Central Ave

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,186; 20% down · 25 years · 5.5% assumed
Property tax: $245; 0.66% mill rate · ON
Total per month: $2,431; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,186

/mo

based on the purchase price of $445,000

Down payment20%

$89,000 cash

Amortization25 yr

$356,000 financed

Rate5.50%

$299,845 total interest

Principal54%$356,000

Interest46%$299,845

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

For homeowners nearby

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MLS® X13887102 · Listing data last updated June 3, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Apr 29

Estimated monthly mortgage$2,186/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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