$1,100,000
Available - For Sale
Listing ID: X13115676
50 Roman Avenue , Elliot Lake, P5A 1R9, Algoma


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. Buyer to complete their own due diligence regarding future development plans, permits, servicing, and approvals.
Price $1,100,000
Taxes: $3584.71
Tax Type: Annual
Assessment Year: 2025
Occupancy: Vacant
Address: 50 Roman Avenue , Elliot Lake, P5A 1R9, Algoma
Postal Code: P5A 1R9
Province/State: Algoma
Legal Description: PCL 5015 SEC AES; BLK P PL M153 GUNTERMA
Directions/Cross Streets: Bouck Rd
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Category: Designated
Total Area: 335252.00
Total Area Code:  Square Feet
Washrooms: 0
Sewers: Storm Available
$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS INNOVATION REALTY
Personal Picture
Dir:
416-888-0505
Bus:
1-888-884-0105
Fax:
1-888-884-0106
 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Com - Land
Area: Algoma
Municipality: Elliot Lake
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 0.00(Feet)
Approximate Age:
Tax: $3,584.71
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
$
%
%
Years