A pic of a room for 91 Taylor Ave, Kirkland Lake Ontario P2N 2L5
36 days on Market

91 Taylor Ave, Kirkland Lake, Ontario P2N 2L5

Townhouse
5
3
- sqft
$309,999
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Townhouse
5
3
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$1,331/mo

Tax Amount (2024)$2,100/yr

Days On Market36 days


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.


Property Details

Style2-Storey
View-
Age of property-
SqFt-
Lot Size3,421 SqFt(101 x 33.88)
Parking Spaces3
MLS ®NumberT11953633
Community NameKirkland Lake
Data SourceTRREB
Listing byRE/MAX PREMIER INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Part Bsmt

Features

Lot size: 3,421 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Property History

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Listed
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36 days on market
history photo preview23
Listing by trreb®
Property listed by RE/MAX PREMIER INC., Brokerage
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Population and Demographics

Overview

Total population 7375
Average household income $108,856

Age (%)

65 and plus
23%
50 to 64
22%
0 to 19
20%
20 to 34
19%
35 to 49
16%

Household composition (%)

Single family
50%
Single person
46%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
82%
French
13%
English and French
3%
Others
2%

House tenancy (%)

Owners
60%
Renters
40%

Schools and amenities

Estimated Budget