Property Management: Sudbury & Elliot Lake Real Estate Prospects

  

Investment property in Elliot Lake (for renovation and a quick fix) for DIY contractors and sub contractors
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Bear Taxidermy at one of  the retail stores selling Indigenous and fur related products near the highway leading to Sudbury
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Relevant Background: "Sudbury, officially the City of Greater Sudbury, is the largest city in Northern Ontario by population, with a population of 166,004 at the 2021 Canadian Census.[4] By land area, it is the largest in Ontario and the fifth largest in Canada. It is administratively a single-tier municipality and thus is not part of any district, county, or regional municipality. The City of Greater Sudbury is separate from, but entirely surrounded by the Sudbury District. The city is also referred to as "Ville du Grand Sudbury"[8] among Francophones.

The Sudbury region was inhabited by the Ojibwe people of the Algonquin group for thousands of years prior to the founding of Sudbury after the discovery of nickel and copper ore in 1883 during the construction of the Canadian Pacific Railway.[9] Greater Sudbury was formed in 2001 by merging the cities and towns of the former Regional Municipality of Sudbury with several previously unincorporated townships. Being located inland, the local climate is extremely seasonal, with average January lows of around −18 °C (0 °F) and average July highs of 25 °C (77 °F).[10]

The population resides in an urban core and many smaller communities scattered around 330 lakes and among hills of rock blackened by historical smelting activity. Sudbury was once a major lumber center and a world leader in nickel mining. Mining and related industries dominated the economy for much of the 20th century. The two major mining companies which shaped the history of Sudbury were Inco, now Vale Limited, which employed more than 25% of the population by the 1970s, and Falconbridge, now Glencore. Sudbury has since expanded from its resource-based economy to emerge as the major retail, economic, health, and educational center for Northeastern Ontario. Sudbury is also home to a large Franco-Ontarian population, which influences its arts and culture....The original name for the region was N'Swakamok, which translates to 'where the three roads meet' in the Ojibwe language.[14] The Sudbury region was home to by Ojibwe people, an Anishinaabeg group, as early as 9,000 years ago following the retreat of the last continental ice sheet....Mining began to replace lumber as the primary industry as the area's transportation network was improved to include trams. These enabled workers to live in one community and work in another.[21] Sudbury's economy was dominated by the mining industry for much of the 20th century. Two major mining companies were created: Inco in 1902 and Falconbridge in 1928. They became two of the city's major employers and two of the world's leading producers of nickel....Geography

See also: List of lakes in Greater Sudbury

Sudbury has 330 lakes over 10 ha (25 acres) in size within the city limits.[37] The most prominent is Lake Wanapitei, the largest lake in the world completely contained within the boundaries of a single city. Ramsey Lake, a few kilometres south of downtown Sudbury, held the same record before the municipal amalgamation in 2001 brought Lake Wanapitei fully inside the city limits.[37] Sudbury is divided into two main watersheds: to the east is the French River watershed which flows into Georgian Bay and to the west is the Spanish River watershed which flows into the North Channel of Lake Huron.[37]

Wanapitei River in Sudbury. Located in the Great Lakes Basin, it is a tributary of the French River.

Sudbury is built around many small, rocky mountains with exposed igneous rock of the Canadian (Precambrian) Shield. The ore deposits in Sudbury are part of a large geological structure known as the Sudbury Basin, which are the remnants of a nearly two billion-year-old impact crater;[38] long thought to be the result of a meteorite collision, more recent analysis has suggested that the crater may in fact have been created by a comet.[39]

Sudbury's pentlandite, pyrite and pyrrhotite ores contain profitable amounts of many elements—primarily nickel and copper, but also platinum, palladium and other valuable metals...During the Apollo crewed lunar exploration program, NASA astronauts trained in Sudbury to become familiar with impact breccia and shatter cones, rare rock formations produced by large meteorite impacts. However, the popular misconception that they were visiting Sudbury because it purportedly resembled the lifeless surface of the Moon persists.[42]

The city's Nickel District Conservation Authority operates a conservation area, the Lake Laurentian Conservation Area, in the city's south end. Other unique environmental projects in the city include the Fielding Bird Sanctuary, a protected area along Highway 17 near Lively that provides a managed natural habitat for birds, and a hiking and nature trail near Coniston, which is named in honour of scientist Jane Goodall.[43]

Six provincial parks (Chiniguchi River, Daisy Lake Uplands, Fairbank, Killarney Lakelands and Headwaters, Wanapitei and Windy Lake) and two provincial conservation reserves (MacLennan Esker Forest and Tilton Forest) are also located partially or entirely within the city boundaries.

Climate

Greater Sudbury has a humid continental climate (Köppen climate classification: Dfb). This region has warm and often humid summers with occasional short lasting periods of hot weather, with long, cold and snowy winters. It is situated north of the Great Lakes, making it prone to arctic air masses. Monthly precipitation is equal year round, with snow cover expected for up to six months of the year.[44] Although extreme weather events are rare, one of the worst tornadoes in Canadian history struck the city and its suburbs on August 20, 1970, killing six people, injuring two hundred, and causing more than C$17 million (equivalent to $132 million in 2023) in damages.[45]

The highest temperature ever recorded in Greater Sudbury was 41.1 °C (106.0 °F) on July 13, 1936.[46] The lowest temperature ever recorded was −48.3 °C (−54.9 °F) on December 29, 1933...After a brief period as a lumber camp, Sudbury's economy was dominated by the mining industry for much of the 20th century. By the 1970s, Inco employed a quarter of the local workforce.[77] However, in 2006, Inco and Falconbridge were taken over by foreign multinational corporations: Inco was acquired by the Brazilian company Vale, and Falconbridge was purchased by the Swiss company Xstrata which was in turn purchased by Anglo–Swiss Glencore forming Glencore Xstrata. Several other mining companies, including First Nickel and KGHM, also have mining operations in the Sudbury area.

Mining now employs only 6,000 people in the city, although the mining supply and service sector employs a further 10,000.[78] By 2006, 80% of Greater Sudbury's labour force was employed in services with 20% remaining in manufacturing.[citation needed] Over 345 mining supply and service companies are located in Sudbury.[79] This includes a number of public and private firms pursuing research and development in new mining technologies such as Mining Innovation Rehabilitation and Applied Research Corporation (MIRARCO), the Northern Center for Advanced Technology (NORCAT), and the Centre for Excellence in Mining Innovation (CEMI).[80]

While mining has decreased in relative importance, Sudbury's economy has diversified to establish itself as a major centre of finance, business, tourism, health care, education, government, and science and technology research.[81] Many of these reflect Sudbury's position as a regional service center for Northeastern Ontario, a market of 550,000 people...

Film industry

Sudbury has an emerging film and television industry, with a number of projects filming in the city in the 2000s.[87] Development of an active film and television production industry in Northern Ontario was initially undertaken by Cinéfest, the city's largest annual film festival, in the early 1990s, and is currently overseen by Music and Film in Motion, a non-profit organization based in Sudbury...

Attractions

In the early 2000s, the Big Nickel was temporarily moved to the grounds of Science North while its original and current site was refurbished into Dynamic Earth.

Science North is an interactive science museum and Northern Ontario's most popular tourist attraction[152] with around 288,000 visitors per year (as of 2018).[153] It consists of two snowflake-shaped buildings on the southwestern shore of Ramsey Lake and just south of the city's downtown core. There is also a former ice hockey arena on-site, which includes the complex's entrance and an IMAX theatre. The snowflake buildings are connected by a rock tunnel, which passes through a billion-year-old geologic fault. Sudbury's mining heritage is reflected in another major tourist attraction, Dynamic Earth. This interactive science museum focuses principally on geology and mining history exhibitions and is also home to the Big Nickel, one of Sudbury's most famous landmarks. The city is also home to the Greater Sudbury Heritage Museums, a group of historical community museums, and a mining heritage monument overlooking the city's Bell Park.

The Inco Superstack was the tallest freestanding chimney in the world at 380 m (1,250 ft) until the construction of the Ekibastuz GRES-2 Power Station,[154] and is currently the second tallest structure in Canada after the CN Tower.[155] It is almost the same height as the roof of the Empire State Building...." (Greater Sudbury - Wikipedia)

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Relevant Material: "Elliot Lake is a city in Algoma District, Ontario, Canada. It is north of Lake Huron, midway between the cities of Sudbury and Sault Ste. Marie in the Northern Ontario region. Once dubbed the "uranium capital of the world," Elliot Lake has since diversified to a hub for advanced manufacturing, forest harvesting, mine reclamation expertise, retirement living, all-season tourism and remote work. The nearby Mississagi Provincial Park is one of only ten operating parks in Ontario with back country hiking and camping, and is the eighth-largest hiking network in Ontario among all operating parks....Uranium mining

Main article: Uranium mining in the Elliot Lake area

The city was established as a planned community for the mining industry in 1955 after the discovery of uranium in the area, and named after the small lake on its northern edge. By the late 1950s, its population had grown to about 25,000.[5] It was originally incorporated as an improvement district. Geologist Franc Joubin and American financier Joseph Hirshhorn were instrumental in its founding. The principal mining companies were Denison Mines and Rio Algom. The population has varied with several boom-and-bust cycles from the 1950s to the 1990s, from a high of over 26,000 to a low of about 6,600.

By 1958 it was apparent that world production of uranium was far outstripping demand and Canadian producers received unofficial notice that US options on Canadian uranium production between 1962 and 1966 would not be exercised. This was confirmed in 1959.[6]

During the 1970s, federal plans for CANDU Reactors and Ontario Hydro's interest in atomic energy led the town, anticipating a population of 30,000, to expand again. However, by the early 1990s depleted reserves and low prices caused the last mines in the area to close.

Area uranium mines

  • Stanleigh Mine (1956–1960 and 1982–1997), operated by Rio Algom Ltd., produced 14 million tons[vague] of ore.
  • Spanish American Mine (1957–1959), operated by Rio Algom Ltd., produced 79,000 tons of ore.[7]
  • Can-Met Mine (1957–1960), operated by Denison Mines Ltd., produced 2.6 million tons[vague] of ore.
  • Milliken Mine (1957–1964), operated by Rio Algom Ltd., produced 6.3 million tons of ore.
  • Panel Mine (1957–1961 and 1978–1990), operated by Rio Algom Ltd., produced 15 million tons of ore.
  • Denison Mine (1957–1992), operated by Denison Mines Ltd., produced 69 million tons of ore.
  • Stanrock Mine (1958–1960 and 1964–1985), operated by Denison Mines Ltd., produced 6.4 million tons of ore.
  • Quirke Mine(s) (1955–1961 and 1965–1990), operated by Rio Algom Ltd., produced 44 million tons of ore.
  • Pronto Mine (1955–1970), operated by Rio Algom Ltd., produced 2.3 million tons of ore.
  • Buckles Mine (1956–1960), operated by Rio Algom Ltd., produced 276,000 tons of ore.
  • Lacnor Mine "Lake Nordic" (1956–1960), operated by Rio Algom Ltd., produced 3.4 million tons of ore.
  • Nordic Mine (1956–1970), operated by Rio Algom Ltd., produced 13 million tons of ore.." (Elliot Lake - Wikipedia) 
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Relevant Material: "The number of homes sold through the MLS® System of the Sudbury Real Estate Board totaled 299 units in July 2025. This was a moderate gain of 7.6% from July 2024.

Home sales were 2.7% above the five-year average and 2.8% above the 10-year average for the month of July...." (Sudbury Real Estate Board | CREA Statistics)

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Relevant Material: "

" (Elliot Lake, ON - Housing | Townfolio)

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Relevant Material: "As of August 2025, the median rent for all bedroom counts and property types in Greater Sudbury, ON is $2,099. This is +5% higher than the national average..." (Average Rent in Greater Sudbury, ON and Rent Price Trends) 

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Relevant Material: "

" (Average value (owner-estimated) of dwelling by structural type, Elliot Lake (City), 2016 to 2021 [9])
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Relevant Coverage: 

a) Travel & Health 

b) Personal Property Coverage

c) Life Insurance: Freedom of Choice, Accidental benefits and pay cheque protections, AD&D, Legal Will

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