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Royal LePage
Royal LePage
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$550,000

Kirkland Lake ON, P2N 2G4

MLS® # T12308017

Property Information:

Fully Renovated Turnkey 4-Plex Investment Opportunity In Kirkland Lake! This Vacant And Updated Multiplex Features 2 Spacious Two-Bedroom Units And 2 Large One-Bedroom Units Each With One Kitchen And One Full Bathroom. The Building Has Been Extensively Upgraded With New Vinyl Siding, New Windows, Added Exterior Insulation, And All New Steel Entry Doors For Enhanced Security And Efficiency. Inside, Every Unit Shines With Brand New Luxury Vinyl Plank Flooring, Fresh Paint, New Interior Doors And Trim. All Kitchens Have Been Fully Renovated Including Quartz Countertops In The Main Floor Units. Bathrooms Have Been Stylishly Remodeled With Modern Tile, New Shower Enclosures, Vanities, Toilets Plus Heated Tile Flooring In Select Units. Most Units Are Separately Metered, Allowing Tenants To Pay Their Own Hydro (Water Shared). Projected Gross Rents Of $4,400 to $5,000 Per Month Make This A Strong Cash Flow Positive Asset. All Units Are Vacant Offering The Rare Opportunity To Hand-Pick Your Tenants, Lease To Local Employers Like Gold Mines, Or Convert Into A Boutique STR Or Airbnb-Style Rental. Four Rear Parking Spaces accessible from rear laneway . Potential seller financing or VTB available (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Vinyl siding
  • Floor Space: 2500 - 3000 sqft
  • Foundation Type: Stone, Poured Concrete
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Appliances: Water meter

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 6
  • Bathrooms: 4
  • Floor Space (approx): 2500 - 3000 Square Feet
  • Irregular: Yes
  • Lot Size: Unknown
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Courtesy of: HOMELIFE/VISION REALTY INC.

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 22 KIRKLAND STREET W, Kirkland Lake, Ontario, P2N 2G4

Demographic Information of 22 KIRKLAND STREET W, Kirkland Lake, Ontario, P2N 2G4

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$106,107.75

Average Number of Children

1.65

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.84 %

High school certificate or equivalent

27.36 %

Apprenticeship trade certificate/diploma

6.79 %

College/non-university certificate

25.96 %

University certificate (below bachelor)

0.3 %

University Degree

11.75 %

Commuter

Travel To Work

By Car

84.12 %

By Public Transit

0.0 %

By Walking

9.65 %

By Bicycle

0.0 %

By Other Methods

6.23 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

44.64 %

Houses

55.36 %

Own Vs. Rent

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