85 Main Street

Introducing a remarkable investment opportunity: a Multi-Family Home for sale in Kirkland Lake , located at 85 Main Street, Kirkland Lake. This fully tenanted triplex is an excellent choice for investors seeking both financial growth and long-term stability in the thriving community of KL & Area. The property boasts a prime location at 85 Main Street, Kirkland Lake, making it an attractive option for prospective tenants.

This impressive multiplex, styled as a two-storey building, features a robust exterior comprised of stucco and vinyl siding, providing both durability and aesthetic appeal. With a total of six bedrooms and three bathrooms, this Multi-Family Home for sale in Kirkland Lake is designed to accommodate a variety of living arrangements. Each of the three units within the triplex includes a full kitchen, a living room, two bedrooms, and a bathroom, all with separate entrances, ensuring privacy and independence for each tenant.

The property offers ample parking space, with the capacity to accommodate up to five vehicles, which is a significant advantage in the bustling area of Kirkland Lake. The convenience of easy access to the property cannot be overstated, making it an appealing choice for tenants who value their comfort and convenience.

Located at 85 Main Street, Kirkland Lake, this Multi-Family Home for sale in Kirkland Lake also includes notable upgrades throughout the units, such as hardwood and vinyl flooring, which add a touch of modern elegance. Additionally, two of the three units feature in-unit laundry facilities, further enhancing the living experience for tenants. It is important to note that while the basement unit comes fully furnished, the other units are offered unfurnished, providing flexibility for tenants to personalise their living spaces.

The property is serviced by municipal water and sewer systems, ensuring reliable utility access for all residents. Heating is provided by a baseboard system, which is efficient and effective, particularly during the colder months. However, it is worth mentioning that there is no air conditioning or central vacuum system in place, nor is there a swimming pool or fireplace, which may be considerations for potential buyers.

The basement of the property is fully finished, providing additional living space that could be utilised in various ways, depending on the needs of the tenants. The total number of rooms across the triplex amounts to twelve, making it a spacious and comfortable environment for residents.

Situated on a lot measuring 39 by 100 feet, this Multi-Family Home for sale in Kirkland Lake is ideally positioned within the Timiskaming area, a region known for its vibrant community and rich amenities. The absence of a garage and driveway may be noted, but the generous parking space available compensates for this, ensuring that tenants have sufficient room for their vehicles.

In summary, 85 Main Street, Kirkland Lake, presents an exceptional opportunity for investors looking for a Multi-Family Home for sale in Kirkland Lake. With its fully tenanted status, multiple kitchens, and well-designed living spaces, this property is poised to deliver both immediate returns and long-term value. The combination of its prime location, robust features, and potential for growth makes it a standout choice in the current real estate market. Don't miss the chance to explore this unique investment opportunity in the heart of Kirkland Lake.

KL & Area, nestled within the vibrant city of Kirkland Lake, offers a unique blend of natural beauty and small-town charm. Surrounded by lush forests and pristine lakes, this geographic enclave is a haven for outdoor enthusiasts, providing ample opportunities for hiking, fishing, and winter sports. The area boasts a rich history rooted in mining, which has shaped its character and community spirit. Residents enjoy a close-knit atmosphere, where local events and gatherings foster a sense of belonging. With essential amenities, schools, and recreational facilities nearby, KL & Area presents an inviting option for those seeking a tranquil 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 the Federal Public School, just 2.1 km away, offering grades JK to 6 with instruction in English. Closer still, at 1.7 km, is the Kirkland Lake District Composite School, catering to students in grades 7 to 12, also under the District School Board Ontario North East and providing education in English. Additionally, Central Public School is only 1.2 km from the property, serving grades JK to 6 with a focus on French language instruction. All these schools are part of the public education system, ensuring accessible education for your children. While the school ratings are currently not available, the proximity to these institutions offers a promising educational environment for families looking to settle in Kirkland Lake. This diverse range of schooling options in both English and French enhances the appeal of the property, making it a desirable location for parents seeking quality education for their children.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 508 residents, with an average household size of 2.1. The community has a median age of 43.8 years, indicating a mature population. The average household income stands at $74,500, with 14% of the population classified as low-income. The average property price in the area is approximately $164,000, making it relatively affordable. A significant portion of the population, 43.9%, is single, while 42.86% of households include children, suggesting a family-friendly environment. The area has a low immigrant presence at 2.17%, and renters constitute 27.08% of the housing market. Notably, there are no condominiums in the area, which may appeal to those seeking single-family homes. Education levels are relatively high, with 46.75% of residents holding a college or university degree. However, a considerable 50.65% of the population is not in the labor force, which may reflect various factors, including retirement or other commitments. Overall, this demographic snapshot highlights a stable, educated community with a mix of families and singles, positioned in an affordable housing market.