5 McKelvie Avenue

Welcome to this fantastic opportunity: a Multi-Family Home for sale in Kirkland Lake , located at 5 Mckelvie Avenue, Kirkland Lake. This property is a well-maintained multiplex, boasting a charming 1 1/2 storey design, perfect for those looking to invest in a versatile living space. The exterior features durable vinyl siding, ensuring that the property not only looks great but is also built to withstand the elements.

This Multi-Family Home for sale in Kirkland Lake comprises a total of three units: two spacious two-bedroom units and one cosy one-bedroom unit. Currently, the property is generating a steady income, with two of the units tenanted, while the vacant two-bedroom unit is ready for your personal use or to welcome a new tenant. The flexibility of this setup makes it an ideal investment for anyone looking to dive into the rental market or for a family seeking a multi-generational living arrangement.

Situated on a generous lot measuring 40 X 100 feet, this property offers ample outdoor space, perfect for family gatherings or simply enjoying the fresh air. The yard is fully fenced, providing a safe environment for children or pets to play. Although there is no pool or fireplace, the outdoor space allows for plenty of potential, whether you wish to create a garden oasis or simply enjoy the open air.

As you step inside this Multi-Family Home for sale in Kirkland Lake, you will find a total of 11 rooms, including three kitchens, which is a rare feature for a property of this type. Each unit is equipped with its own kitchen, making meal preparation convenient and private for each tenant. While there is no den or family room, the layout of the units provides comfortable living spaces for all residents.

Heating is provided by a forced air system, ensuring that the home remains warm and inviting during the colder months. The property is connected to municipal water and sewer, which adds to the convenience of living in this lovely area. Although there is no air conditioning or central vacuum system, the layout and design of the home allow for comfortable living throughout the seasons.

Parking is never an issue with this Multi-Family Home for sale in Kirkland Lake, as the property features a private driveway with space for up to three vehicles. This is particularly beneficial for tenants, ensuring that they have easy access to their homes without the hassle of street parking.

The basement of the property features exposed rock, which adds a unique character to the home. While there are no additional rooms or features in the basement, this space can be utilised for storage or other purposes, depending on your needs.

Located in the KL & Area community within the Timiskaming region, 5 Mckelvie Avenue, Kirkland Lake, is perfectly positioned for those who appreciate the charm of small-town living while still being close to essential amenities. The property is equipped with internet access, making it suitable for those who work from home or enjoy staying connected.

In summary, this Multi-Family Home for sale in Kirkland Lake presents a remarkable opportunity for both investors and families alike. With its three separate units, ample parking, and generous outdoor space, this property is sure to attract attention. Don’t miss your chance to own this versatile home at 5 Mckelvie Avenue, Kirkland Lake. Whether you're looking to invest or find a unique living arrangement, this property has it all.

KL & Area, nestled within the charming city of Kirkland Lake, offers a unique blend of natural beauty and small-town charm. Surrounded by lush forests and sparkling lakes, this region is a haven for outdoor enthusiasts, providing ample opportunities for hiking, fishing, and winter sports. The area boasts a rich history, rooted in its gold mining heritage, which is reflected in its quaint architecture and local museums. Residents enjoy a close-knit atmosphere, where community events and local markets foster a sense of belonging. With its picturesque landscapes and friendly vibe, KL & Area presents an inviting environment for those seeking a peaceful yet vibrant lifestyle.

Schools in the Neighbourhood

This 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, which offers French language instruction for grades JK to 6, is just 0.7 km away, providing a close option for younger children. Federal Public School, also serving grades JK to 6 in English, is located 1.6 km from the property, while Kirkland Lake District Composite School caters to older students in grades 7 to 12 and is situated only 1.0 km away. These schools are well-placed to meet the educational needs of children in the area, ensuring easy access for daily commutes. While the school ratings are currently listed as zero, it’s worth noting that the proximity to these institutions can be a significant advantage for families prioritizing education. Overall, the nearby schools contribute to a family-friendly environment, enhancing the appeal of this property for potential buyers looking for a community-oriented neighborhood.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 543 residents, with an average household size of 1.8 individuals. The community is characterized by a relatively mature population, with an average age of 42.7 years. Economic conditions indicate an average household income of $53,000, with 26% of residents classified as low-income. The average property price stands at $130,000, making it an accessible market for potential buyers. A significant portion of the population is single, comprising 60.42%, while 28% of households include children. The area has a notable renter presence, with 62.5% of households renting their homes, and there are no condominiums available. Educational attainment is relatively high, with 45.83% of residents holding a college or university degree. However, a considerable 56.25% of the population is not in the labor force, suggesting potential challenges in employment opportunities. Additionally, immigrants represent 9.52% of the population, contributing to the area's diversity. Overall, this demographic snapshot highlights a community with a mix of economic challenges and educational aspirations, making it a unique environment for prospective homeowners and investors.