44 Main Street

Attention investors! I am delighted to present to you a remarkable opportunity with this Multi-Family Home for sale in Kirkland Lake , located at 44 Main Street, Kirkland Lake. This splendid multiplex boasts a prime location in a town celebrated for its rich gold mining history and ongoing employment growth. If you’re seeking a sound investment in a vibrant community, this property is certainly worth your consideration.

The building itself is a two-storey structure clad in durable vinyl siding, ensuring both aesthetic appeal and longevity. Spanning a generous lot of 40 X 100 feet, this Multi-Family Home for sale in Kirkland Lake features a total of eight rooms, including four kitchens that cater to the needs of its tenants. The configuration includes two spacious two-bedroom units and two cosy one-bedroom units, making it an attractive option for a variety of renters. Each unit is equipped with a four-piece bathroom, ensuring convenience and comfort for all occupants.

Situated at 44 Main Street, Kirkland Lake, this property is fully rented, providing immediate income for the savvy investor. With four separate hydro meters installed, managing utilities is straightforward and efficient. The fire retrofit has been completed, ensuring the safety and compliance of the building, which is a significant advantage for any potential landlord. Furthermore, property management is already in place, allowing for a seamless transition for the new owner.

While the property does not feature a family room, central vacuum system, or a garage, it does offer ample parking space for up to three vehicles, which is a definite plus in a bustling area like Kirkland Lake. The absence of a pool and fireplace may be seen as limitations, but they also present an opportunity for future enhancements should the new owner wish to invest further into the property.

The heating system is powered by forced air, and the property is connected to municipal water and sewer services, ensuring reliable and efficient living conditions for tenants. Although there is no air conditioning, the natural ventilation of the two-storey layout provides a comfortable living environment. The partial basement offers additional storage options, which can be a valuable asset for residents.

As you explore this Multi-Family Home for sale in Kirkland Lake, you will appreciate the strategic location close to downtown amenities. Residents will benefit from easy access to shops, restaurants, and essential services, making it an ideal place to live. The community of KL & Area is known for its welcoming atmosphere and supportive local services, which contribute to the overall appeal of this investment opportunity.

With an age range of 51-99 years, this building carries a certain charm and character that newer constructions may lack. The history of the property adds to its allure, making it a unique offering in the Kirkland Lake real estate market.

In summary, 44 Main Street, Kirkland Lake, presents a fantastic investment opportunity with its four fully rented units, excellent location, and numerous features that cater to tenant needs. This Multi-Family Home for sale in Kirkland Lake is not just a property; it’s a chance to be part of a growing community with a promising future. Don’t miss out on the opportunity to own a piece of Kirkland Lake’s rich history while securing a solid return on your investment. Whether you’re an experienced investor or new to the property market, this is an opportunity that deserves your attention.

KL & Area, situated within the charming city of Kirkland Lake, offers a unique blend of natural beauty and vibrant local culture. Nestled in the heart of Northern Ontario, this region is characterised by its picturesque landscapes, including serene lakes and lush forests, making it an ideal haven for outdoor enthusiasts. The area boasts a rich history rooted in gold mining, which has shaped its development and community spirit. Residents enjoy a close-knit atmosphere, with a range of amenities, recreational activities, and community events that foster a sense of belonging. Whether you’re drawn to the tranquil surroundings or the engaging local events, KL & Area provides a welcoming environment for those looking to embrace a more relaxed lifestyle amidst stunning natural scenery.

Schools in the Neighbourhood

The property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you will find three public schools, all governed by the District School Board Ontario North East. Central Public School, located just 1.1 km away, offers education in French for grades JK to 6, providing a bilingual option for young learners. Federal Public School, situated 1.9 km from the property, also caters to grades JK to 6, focusing on English language instruction. For older students, Kirkland Lake District Composite School is only 1.7 km away, serving grades 7 to 12 and ensuring a smooth transition for students as they progress through their education. While the schools currently have a rating of 0, their proximity to the property offers easy access for daily commutes, and the variety of language programs can cater to diverse educational needs. This combination of accessibility and educational options makes the area appealing for families seeking a supportive community for their children’s academic journey.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 392 residents, with an average household size of 2. The community has a relatively mature demographic, with an average age of 46.9 years. The average household income stands at $84,000, indicating a moderate economic status, although 12.4% of the population lives in low-income conditions. The real estate market reflects affordability, with an average property price of $164,000. The area has a diverse social fabric, with 47.83% of residents being single and 25% of households having children. A small percentage of the population, 5.95%, consists of immigrants, contributing to the community's diversity. Renters make up 35.9% of the housing market, while there are no condominiums available. Educational attainment is relatively high, with 39.44% of residents holding a college or university degree. However, a significant portion of the population, 46.48%, is not in the labor force, which may influence local economic dynamics. Overall, this area presents a blend of stability and diversity, making it an intriguing option for potential homeowners or investors.