91 Taylor Avenue Kirkland Lake, Ontario P2N 2L5
$309,999
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. (id:24801)
Property Details
| MLS® Number | T11953633 |
| Property Type | Single Family |
| Parking Space Total | 3 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Window Coverings |
| Basement Type | Partial |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 101 Ft |
| Size Frontage | 33 Ft ,10 In |
| Size Irregular | 33.88 X 101 Ft |
| Size Total Text | 33.88 X 101 Ft |
| Zoning Description | Residential |
https://www.realtor.ca/real-estate/27872269/91-taylor-avenue-kirkland-lake
Contact Us
Contact us for more information
Mark Harris
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(905) 782-4911
www.harrisdoeshomes.ca/
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9100 Jane St Bldg L #77
Vaughan, Ontario L4K 0A4
(416) 987-8000
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February 03 2025 11:48:18
Toronto Real Estate Board
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