74-76 Prospect Avenue

If you’re on the lookout for a fantastic investment opportunity, look no further than this Multi-Family Home for sale in Kirkland Lake ! Located at 74-76 Prospect Avenue, Kirkland Lake, this impressive two-storey multiplex boasts an incredible 16 bedrooms and 11 bathrooms across its 27 total rooms. This is a rare find indeed, and it’s not every day that a property of this calibre comes onto the market.

The exterior of the building is constructed from solid brick, giving it a classic charm that stands the test of time. With a generous lot size of 80 X 100 feet, there’s plenty of space to accommodate tenants, and the private driveway offers parking for up to 10 vehicles. This Multi-Family Home for sale in Kirkland Lake is not just about the numbers; it’s about the potential. With a strong rental history and a mix of six two-bedroom units and five one-bedroom bachelor apartments, this property is a perfect addition to any investment portfolio.

While the building is currently unfurnished, it provides a blank canvas for new owners to put their stamp on it. The absence of a family room or den may seem like a downside, but it allows for flexibility in how the space can be utilised. Additionally, there’s no central vacuum system, but the radiant heating ensures that the property remains warm and inviting during those chilly Timiskaming winters.

One of the standout features of this Multi-Family Home for sale in Kirkland Lake is the full, finished basement. This additional space can be used for storage or potentially converted into more living space, depending on your vision. Although there’s no pool or fireplace, the property is equipped with municipal water and sewer services, ensuring a hassle-free living experience for your tenants.

The location at 74-76 Prospect Avenue, Kirkland Lake, is incredibly convenient, with easy access to local amenities. Whether it’s shops, schools, or recreational facilities, everything is within reach. This is an ideal spot for those looking to rent, making it even more appealing for investors. With many vacant units available, you’ll have the opportunity to set your own rental rates, maximising your investment potential.

This Multi-Family Home for sale in Kirkland Lake is perfect for both seasoned investors and those just starting out in the property market. The age of the building, being between 51 to 99 years old, adds to its character and charm, while also indicating a solid structure that has stood the test of time.

With no additional land to worry about, you can focus on managing the existing property without the hassle of extra plots. The potential for long-term growth is excellent, especially in a community like Kirkland Lake, which is known for its welcoming atmosphere and vibrant local culture.

In summary, 74-76 Prospect Avenue, Kirkland Lake, is a must-see for anyone interested in a Multi-Family Home for sale in Kirkland Lake. With its impressive features, strong rental history, and prime location, this property is an investment opportunity that should not be missed. Whether you’re looking to expand your portfolio or dive into property investment for the first time, this building offers the perfect blend of charm, space, and potential. Don’t let this chance slip away—come and explore what could be your next successful venture!

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Central Public School, situated just 0.8 km away, offering French language instruction for grades JK to 6. Following closely is Kirkland Lake District Composite School, located 1.0 km from the property, which caters to students in grades 7 to 12, also providing English language education. Additionally, Federal Public School is only 1.7 km away, serving grades JK to 6 in English. All these schools are part of the District School Board Ontario North East, ensuring a consistent quality of education in the area. While the schools currently have a rating of 0, the proximity to these educational facilities can be a significant advantage for families prioritizing education. With various options for younger children and those entering high school, this property is well-situated for families looking for a supportive educational environment. Overall, the nearby schools offer a range of grades and language options, enhancing the appeal of this location for potential buyers with children.