Added 2 weeks ago
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Type: Triplex
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Style: 2-Storey
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Lot Size: 33.88 x 101 Feet
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Age: No Data
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Taxes: $2,100 per year
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Added: Feb 03, 2025 (2 weeks ago)
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Updated:
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Last Checked: 1 hour ago
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MLS®#: T11953633
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Listed By: Re/max premier inc.
This income-generating triplex offers a fantastic opportunity for investors looking for strong cash flow and minimal management responsibilities. Fully tenanted and professionally managed, this property features two spacious 2-bedroom units and one well-maintained 1-bedroom unit, making it an excellent addition to any real estate portfolio. With an impressive annual rental income of $35,000+ and low operating expenses, this property delivers exceptional returns and a high cap rate, making it a rare find in todays market. Located in the heart of Kirkland Lake, this property benefits from the towns growing demand for quality rental housing. The area is experiencing a population boom, fueled by gold mining operations, government offices, a regional hospital, and Northern College, all of which drive a steady demand for housing. With low vacancy rates and a strong rental market, investors can feel confident in the long-term sustainability of this asset. Kirkland Lake is a thriving regional hub along the Trans-Canada Highway, offering a mix of small-town charm and modern amenities typically found in much larger cities. Residents enjoy easy access to shopping, dining, schools, healthcare facilities, and recreational activities, enhancing the overall desirability of rental properties in the area. This is a turnkey, hands-off investment that requires minimal oversight while delivering strong, consistent returns. Whether you're a seasoned investor or just starting to build your portfolio, this property is a smart choice for long-term wealth building.
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Property
Status: Sale
Property Type: Triplex
Style: 2-Storey
Area: Kirkland Lake
Availability Date: Immediate/Tbd
Inside
Bedrooms: 5
Bathrooms: 3
Kitchens: 3
Rooms: 11
Den/Family Room: No
Air Conditioning: Central Air
Fireplace: No
Central Vacuum: N
Washrooms: 3
Building
Basement: Part Bsmt
Heat Type: Forced Air
Heat Source: Gas
Exterior: Vinyl Siding
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Private
Garage Type: None
Covered Parking Spaces: 3
Total Parking Spaces: 3
Fees
Tax Year: 2024
Tax Legal Description: Pcl 3653 Sec Cst; Lt 525 Pl M110Tim Teck Sro
Taxes: $2,100
Land
Cross Street: Taylor East Of Main
Municipality District: Kirkland Lake
Fronting On: South
Parcel Number: 614040221
Pool: None
Sewer: Sewers
Lot Depth: 101 Feet
Lot Frontage: 33.88 Feet
Zoning: Residential
Very Walkable
- Most errands can be accomplished on foot.
Somewhat Bikeable
- Most errands require a car.
École catholique Jean-Vanier
Elementary: CatholicFederal Public School
Elementary: PublicSacred Heart Catholic School
Elementary: CatholicSt Jerome School
Elementary: CatholicÉcole catholique Assomption (Kirkland Lake)
Elementary: CatholicCentral School
Elementary: PublicCEA New Liskeard
Secondary: CatholicÉcole secondaire catholique Jean-Vanier
Secondary: CatholicEnglehart High School
Secondary: PublicÉcole secondaire catholique Sainte-Marie
Secondary: CatholicKirkland Lake District Composite Secondary School
Secondary: PublicTimiskaming District Secondary School
Secondary: Public-
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