41 Main Street

Attention Investors! Welcome to the charming and promising **Multi-Family Home for sale in Kirkland Lake **, located at 41 Main Street, Kirkland Lake. This impressive fourplex boasts a fantastic opportunity for those looking to invest in a thriving community known for its rich gold mining history and consistent employment growth. Nestled in the heart of KL & Area, this property is ideally situated close to downtown amenities, making it a prime location for potential tenants.

As you approach the property at 41 Main Street, Kirkland Lake, you will immediately notice the well-maintained exterior, clad in durable vinyl siding. This two-storey multiplex is a remarkable investment opportunity, featuring a total of eight rooms, including four kitchens, which is a rare find in such properties. The building is designed to accommodate a variety of living arrangements, with two spacious two-bedroom units and two larger three-bedroom units. Each unit is equipped with a four-piece bathroom, ensuring convenience and comfort for all residents.

The **Multi-Family Home for sale in Kirkland Lake** has been thoughtfully laid out to maximise space and functionality. Although there is no den or family room, the ample living areas within each unit provide plenty of room for relaxation and socialising. The property is unfurnished, allowing new owners to personalise the space to their liking. Additionally, the building benefits from a full basement, offering extra storage or potential for further development, should the new owner wish to explore that avenue.

One of the standout features of this **Multi-Family Home for sale in Kirkland Lake** is the presence of separated hydro meters, allowing each unit to manage its own utilities efficiently. This is an attractive aspect for both investors and tenants, as it promotes transparency and independence. Furthermore, the property has undergone a fire retrofit, ensuring safety and compliance with local regulations, which is a significant advantage for any investor.

At 41 Main Street, Kirkland Lake, you will find parking space for up to four vehicles, a valuable feature in a bustling town where parking can often be a challenge. While there is no garage or driveway, the designated parking area is a practical solution for residents. The property is connected to municipal water and sewer systems, providing reliable services for all tenants.

The heating system is forced air, which is efficient for the cold winters typical of the Timiskaming area. However, it is worth noting that there is no air conditioning, which may be a consideration for prospective tenants during the warmer months. Internet access is available, making this property even more appealing to those who work from home or require connectivity for leisure.

As you explore the surrounding area, you will discover the vibrant community of Kirkland Lake, renowned for its outdoor activities and friendly atmosphere. This **Multi-Family Home for sale in Kirkland Lake** is not just a property; it is an investment in a lifestyle that offers both tranquillity and opportunity. The town's continuous employment growth and proximity to various amenities make it an ideal location for families and individuals alike.

In summary, 41 Main Street, Kirkland Lake, presents an exceptional opportunity for investors looking to expand their portfolio with a well-located, fully tenanted multiplex. With its eight rooms, four kitchens, and essential amenities, this **Multi-Family Home for sale in Kirkland Lake** is poised to provide a steady income stream. Don’t miss your chance to own a piece of this thriving community; schedule a viewing today and see for yourself the potential that awaits!

KL & Area, nestled within the city of Kirkland Lake, offers a unique blend of natural beauty and small-town charm, making it an appealing choice for prospective residents. Surrounded by lush forests and pristine lakes, this area is a haven for outdoor enthusiasts, providing ample opportunities for hiking, fishing, and winter sports. The community boasts a rich history rooted in mining, which has shaped its vibrant culture and friendly atmosphere. With a range of amenities, including local shops, schools, and recreational facilities, KL & Area fosters a close-knit environment while still offering the conveniences of modern living. Whether you seek adventure or a peaceful retreat, this picturesque locale promises a fulfilling lifestyle amidst stunning landscapes.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you'll find three public schools operated by the District School Board Ontario North East. Central Public School, situated just 1.0 km away, offers French language instruction for students from Junior Kindergarten to Grade 6. Federal Public School, located 1.8 km from the property, provides English language education for the same grade levels. Additionally, Kirkland Lake District Composite School, only 1.6 km away, caters to older students from Grades 7 to 12, ensuring a comprehensive educational pathway for your children. Although the schools currently have a rating of 0, their proximity and the variety of language options available make them a practical choice for local families. With these schools nearby, parents can enjoy the convenience of short commutes for their children, fostering a supportive community environment for education and growth.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 571 residents, characterized by an average household size of 1.6. The community has a median age of 44.5 years, indicating a mature demographic. The average household income stands at $67,600, although a significant portion, 30.6%, is classified as low-income. Housing prices are relatively affordable, with an average price of $136,000. The area has a high percentage of single individuals, comprising 67.33% of the population, while households with children make up 21.74%. Renters dominate the housing landscape, accounting for 61.54% of residents, and there are no condominiums available in the area. Educational attainment is notable, with 51.11% of the population holding a college or university degree. However, a substantial 41.11% of residents are not participating in the labor force, which may reflect various socio-economic factors. Additionally, immigrants represent 4.81% of the population, contributing to the area's diversity. Overall, this demographic snapshot highlights a community with a mix of economic challenges and educational achievements, along with a predominance of single and rental households.