$409,900

Kirkland Lake (Kl & Area) ON, P2N 2J7

MLS® # T12415169

Property Information:

SOLID INVESTMENT OPPORTUNITY! This well-maintained 4-unit property offers a projected $4,533.39/month in rental income with two units currently vacant, perfect for lease-up or selecting your own tenants. With an estimated 9% cap rate and $36,200.92 NOI, it's a strong cash-flow performer. Features include two 2-bedroom and two 1-bedroom units, potential for a 5th unit in the basement, and major upgrades: insulation and siding (2022), roof shingles (2019), 400-amp electrical panel, hot water on-demand, updated windows and flooring, coin laundry (2022), and a heated, wired garage rented at $200/month. A turnkey investment with upside potential. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Development: Unfinished
Basement Type: N/A
Construction Status: Insulation upgraded
Exterior Finish: Vinyl siding
Floor Space: 2500 - 3000 sqft
Foundation Type: Unknown
Heating Type: Baseboard heaters
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 4
Access Type:
Features: Irregular lot size
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 105.7 Feet
Lot Frontage: 44.8 Feet
Lot Size: 44.8 x 105.7 FT
Utility Type: Cable - Installed, Hydro - Installed, Sewer - Installed
Zoning: R-2
Sewer: Sanitary sewer
Parking Type: Detached garage, Garage
No. of Parking Spaces: 5

Courtesy of: RE/MAX CROWN REALTY (1989) INC

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⚠ Potential Investment Performance

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Market Price Trends

Location of 69 MCCAMUS AVENUE, Kirkland Lake (KL & Area), Ontario, P2N 2J7

Lifestyle
Neighbourhood

Demographic Information of 69 MCCAMUS AVENUE, Kirkland Lake (KL & Area), Ontario, P2N 2J7

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$102,559.78

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

26.32 %

High school certificate or equivalent

30.79 %

Apprenticeship trade certificate/diploma

8.56 %

College/non-university certificate

22.15 %

University certificate (below bachelor)

1.27 %

University Degree

10.9 %

Commuter

Travel To Work

By Car

87.75 %

By Public Transit

0.0 %

By Walking

12.1 %

By Bicycle

0.0 %

By Other Methods

0.15 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.38 %

Houses

68.62 %

Own Vs. Rent