Kirkland Lake, ON P2N 2L5,91 Taylor AVE
Kirkland Lake, ON P2N 2L5,91 Taylor AVE
Kirkland Lake, ON P2N 2L5,91 Taylor AVE
$300,000
Est. payment /mo
$309,999
3.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

5 Beds
3 Baths
SOLD DATE : 05/06/2025

Key Details

Sold Price $300,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

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

Kitchen 3

Interior

Cooling Central Air

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Building

Foundation Concrete

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by RE/MAX PREMIER INC.

GET MORE INFORMATION

agent

Price Team

Broker

+1(905) 308-8333

Name
Phone*
Message