80 Woods Street

Nestled in the heart of Kirkland Lake, at 80 Woods Street, this delightful Multi-Family Home for sale in Kirkland Lake presents an exceptional opportunity for both homeowners and investors alike. With its charming duplex layout, this property offers the perfect blend of comfortable living and potential rental income. Whether you’re looking to live in one unit while renting out the other or simply seeking to expand your investment portfolio, this property is a smart choice.

As you approach 80 Woods Street, Kirkland Lake, you’ll immediately notice the appealing exterior, featuring asbestos siding that has stood the test of time. This multiplex building, styled as a 1 1/2 storey, is both practical and inviting. The location is superb, situated on a quiet street with easy access to the amenities of KL & Area, making it a desirable place to live.

Inside, the main floor welcomes you with a bright and airy front entrance that leads into a comfortable living room. This space is perfect for relaxing after a long day or entertaining friends and family. The main unit boasts two spacious bedrooms, ideal for a small family or individuals seeking extra room for guests. The eat-in kitchen is a highlight, providing a warm space for family meals and gatherings. It’s well-equipped and features a convenient pantry area, making it easy to store all your culinary essentials. The main floor also includes a 4-piece bathroom and access to a partial basement, which offers ample storage and laundry facilities.

Moving upstairs, you’ll find a cosy bachelor apartment that adds tremendous value to this Multi-Family Home for sale in Kirkland Lake. This unit features its own eat-in kitchen, a 4-piece bathroom, and laundry hookups, making it perfect for generating rental income or accommodating extended family members. The layout is practical and ensures privacy for both units, which is a significant advantage for any potential landlord.

The property, located at 80 Woods Street, Kirkland Lake, is equipped with essential amenities, including municipal water and sewer services. While there is no central vacuum system or air conditioning, the forced air heating keeps the home warm and comfortable during the colder months. The absence of a pool and fireplace means lower maintenance, allowing you to focus on enjoying the property rather than worrying about additional upkeep.

Parking is a breeze with a private driveway that accommodates up to two vehicles, ensuring that you and your tenants have easy access to your home. With the added benefit of being unfurnished, this Multi-Family Home for sale in Kirkland Lake allows you to personalise the space to your liking, making it truly feel like home.

Recent updates add to the appeal of this property, including new roof shingles installed in 2022, a furnace replacement in 2021, and a hot water tank updated in 2023. These improvements not only enhance the home’s efficiency but also provide peace of mind for potential buyers. The heating costs are approximately £150 monthly, while water expenses are manageable at £238.82 per quarter. The rental income potential is promising, with the main unit currently fetching £850 per month and the upstairs bachelor apartment bringing in £1,200 monthly, both without the burden of heat and hydro costs for tenants.

In summary, this Multi-Family Home for sale in Kirkland Lake, located at 80 Woods Street, is a fantastic investment opportunity. With its charming layout, recent updates, and the potential for rental income, it’s a property that should not be overlooked. Whether you’re looking to live in one unit and rent the other or simply add a valuable asset to your portfolio, this home in Kirkland Lake is sure to meet your needs. Don’t miss out on this chance to secure a smart investment in a thriving community!

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 pristine lakes, this geographic entity is a haven for outdoor enthusiasts, providing ample opportunities for hiking, fishing, and snowmobiling throughout the year. The area boasts a rich history rooted in mining, which has shaped its vibrant culture and community spirit. With a welcoming atmosphere, local amenities, and a strong sense of belonging, KL & Area presents an inviting option for those seeking a tranquil lifestyle amidst stunning landscapes, all while being part of a close-knit and friendly community.

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 1.2 km away, offering French language instruction for grades JK to 6. Following closely is Kirkland Lake District Composite School, located 1.6 km from the property, which caters to students in grades 7 to 12. Lastly, Federal Public School is 2.0 km away, providing English language education for grades JK to 6. All schools are part of the District School Board Ontario North East and are categorized as public institutions. While the school ratings are currently not available, the proximity of these schools offers a range of educational options for children of different age groups, ensuring that families can easily access quality education. The diverse language offerings, including both English and French, further enhance the educational landscape in the area. This makes the property not only a comfortable living space but also a great investment for families prioritizing education.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 508 residents, with an average household size of 2.1 individuals. The demographic profile reveals an average age of 43.8 years, indicating a mature community. The average household income stands at $74,500, though 14% of the population is classified as low-income. The average property price in the area is $164,000, making it relatively accessible. Notably, 43.9% of residents are single, while 42.86% of households include children, suggesting a mix of family and single-person households. The rental market is represented by 27.08% of residents who are renters, although there are no condominiums in the area. Educational attainment is high, with 46.75% of the population holding a college or university degree. However, a significant portion of the community, 50.65%, is not in the labor force, which may reflect a range of factors including retirement or other commitments. Additionally, the immigrant population is relatively small at 2.17%, contributing to the area's overall demographic stability. Overall, this community presents a blend of family-oriented and single lifestyles, with a focus on education and moderate income levels.