REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 309,999
Est. payment /mo
Pending
91 Taylor AVE Kirkland Lake, ON P2N 2L5
5 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Subdivision Kl & Area
MLS Listing ID T11953633
Style 2-Storey
Bedrooms 5
Annual Tax Amount $2,100
Tax Year 2024
Property Sub-Type Triplex
Property Description
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.
Location
Province ON
County Timiskaming
Community Kl & Area
Area Timiskaming
Zoning Residential
Rooms
Family Room No
Basement Partial Basement
Kitchen 3
Interior
Interior Features None
Cooling Central Air
Inclusions All Elfs, All Window Coverings, All Appliances
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.88
Lot Depth 101.0
Total Parking Spaces 3
Building
Foundation Concrete
Listed by RE/MAX PREMIER INC.