92 Prospect Avenue

Nestled in the heart of Kirkland Lake, at 92 Prospect Avenue, this impressive Multi-Family Home for sale in Kirkland Lake presents a remarkable opportunity for investors or those seeking a spacious residence with income potential. The property is situated in a desirable area of KL & Area, within the Timiskaming region, making it a prime location for both tenants and homeowners alike.

This substantial multiplex, designed as a two-storey building, boasts a robust exterior of brick and vinyl siding, ensuring durability and low maintenance. With a total of 28 rooms, including 12 well-appointed bedrooms and five bathrooms, this Multi-Family Home for sale in Kirkland Lake is perfectly suited for accommodating multiple families or generating rental income. The layout has been thoughtfully designed to optimise space and comfort, making it an attractive option for prospective tenants.

As you enter the property, you will find that it features eight kitchens, each equipped to meet the needs of its occupants. While there is no additional kitchen or family room, the multiple kitchens within the apartments provide ample cooking facilities, ensuring that residents can enjoy the convenience of home-cooked meals. The absence of a central vacuum system and air conditioning is compensated by the property's well-structured heating system, which utilises water heating to maintain a comfortable environment throughout the year.

The property does not include a pool or fireplace, but it does offer the advantage of internet connectivity, which is essential for modern living. The absence of a garage and driveway may seem like a drawback; however, the Multi-Family Home for sale in Kirkland Lake provides parking space for up to four vehicles, ensuring that residents have convenient access to their cars.

The basement of the building houses an apartment, adding to the versatility of this property. This additional living space can serve as a rental unit or be used for extended family, further enhancing the appeal of this Multi-Family Home for sale in Kirkland Lake. With four apartments currently vacant and fully renovated, the new owner has the opportunity to set market-rate rents, maximising the potential for income generation.

The lot measures 40 by 99 feet, providing ample outdoor space for tenants to enjoy. Although there is no additional land included with the property, the current lot size is sufficient for a variety of outdoor activities. The municipal water and sewer services ensure that residents have access to essential utilities, contributing to the overall convenience of living in this well-located property.

92 Prospect Avenue, Kirkland Lake, is ideally positioned near local amenities, making it an attractive option for potential tenants. The surrounding KL & Area community offers a range of services, shops, and recreational facilities, enhancing the quality of life for residents. The location is not only convenient for daily living but also provides a sense of community, which is often sought after by those looking to rent.

In summary, this Multi-Family Home for sale in Kirkland Lake at 92 Prospect Avenue, Kirkland Lake, is an excellent investment opportunity with its freshly updated units and strategic location. With 12 bedrooms, five bathrooms, and eight kitchens, this property is designed for functionality and comfort. The potential for income generation is significant, especially with four vacant apartments ready for new tenants. Don't miss the chance to acquire this versatile property in a thriving community. Whether you are looking to invest or to create a spacious family home, this Multi-Family Home for sale in Kirkland Lake is sure to meet your needs.

KL & Area, nestled within the charming town of Kirkland Lake, offers a unique blend of natural beauty and small-town charm that is sure to appeal to prospective residents. Surrounded by lush forests and serene lakes, this geographic area is a haven for outdoor enthusiasts, providing ample opportunities for hiking, fishing, and winter sports. The community is characterised by its friendly atmosphere, where neighbours greet one another with a smile, and local events foster a strong sense of belonging. With essential amenities, including shops, schools, and healthcare facilities, all within easy reach, KL & Area presents an inviting option for those seeking a tranquil lifestyle enriched by the warmth of a close-knit environment.

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'll find Central Public School, just 0.9 km away, offering French language instruction for grades JK to 6. For older students, Kirkland Lake District Composite School is situated 1.0 km from the property, providing education for grades 7 to 12 in English. Additionally, Federal Public School is located 1.8 km away, catering to grades JK to 6 in English. 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 ensures that your children will have access to quality education within a short commute. This convenience, combined with the variety of language options and grade levels available, makes this property a great choice for families prioritizing education in their home search.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 418 residents, with an average household size of 1.9 individuals. The demographic is characterized by an average age of 44 years and a relatively healthy average household income of $70,500. However, 14.8% of the population is classified as low-income. The housing market reflects an average price of $122,000, making it accessible for potential buyers. A significant portion of the population, 54.79%, is single, while 27.27% of households include children, indicating a mix of family structures. Renters make up 30.61% of the community, and there are no condominiums present in the area. Educational attainment is notable, with 42.35% of residents holding a college or university degree. However, a substantial 47.06% of the population is not participating in the labor force, which may impact the local economy. Additionally, immigrants represent 3.03% of the population, contributing to the area’s diversity. Overall, this demographic profile suggests a community with a mix of young professionals, families, and a significant number of individuals not currently engaged in the workforce.