$419,000

For sale

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43 Duncan Avenue South, Kirkland Lake - Multi-family for Sale

43 Duncan Avenue South, Kirkland Lake, Ontario, P2N1X8

12 beds6 baths2 parking ft²

58 Second Street East, Kirkland Lake, Ontario, P2N1R5

3 bd2 ba2 pk1,750 ft²Lot size 50 × 98 ft (4,875 sq ft)

Listed by eXp Realty Ltd. - Branch

63 Government Road West, Kirkland Lake, Ontario, P2N2E6

For sale

71 days ago

$449K

63 Government Road West, Kirkland Lake, Ontario, P2N2E6

7,440 ft²Lot size 33 × 99 ft (3,297 sq ft)

Listed by CENTURY 21 SKYLARK REAL ESTATE LTD.

103 Carter Avenue, Kirkland Lake, Ontario, P2N1Z6

For salePrice drop

76 days ago

$188K$198K

↓ $10K (5%) price drop

103 Carter Avenue, Kirkland Lake, Ontario, P2N1Z6

6 bd4 ba2 pk2,250 ft²Lot size 39 × 100 ft (3,900 sq ft)

Listed by SHERRY PANAGAPKA REAL ESTATE LTD.

30 Rowan Avenue, Kirkland Lake, Ontario, P2N2N8

For sale

110 days ago

$268K

30 Rowan Avenue, Kirkland Lake, Ontario, P2N2N8

3 bd3 ba3 pkLot size 36 × 100 ft (3,550 sq ft)

Listed by eXp Realty Ltd. - Branch

Investment analysis

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$419,000

Kirkland Lake

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40 × 94 ft (3,760 sq ft) lot size

Overview

This multi-family property in Kirkland Lake is for sale offering roughly 3,250 sq ft of space. It has been on the market 72 days, fresher than the Kirkland Lake average of 101 days.

Multi-Family Properties for Sale in Kirkland Lake →All real estate in Kirkland Lake →

Description

Investment opportunity knocks! This 6-plex building is priced to sell. It features one 1-bedroom apartment, one 3-bedroom apartment, and four 2-bedroom apartments. The fully tenanted property is located in the main downtown area. The buyer has the opportunity to renovate and increase the rents for better cash flow. Net annual income is $59,246.85 according to the seller. Selling '"AS IS". (id:66096)

Property Details

MLS®: T13707330
Property Type: Multi-family
Bedrooms: 12
Beds (above / below): 12 above · 0 below
Bathrooms: 6
Parking: 2
Interior Size: 3,250 ft²
Lot Size: 40 × 94 ft (3,760 sq ft)
Frontage: 40 ft
Storeys: 2
Basement: Finished, N/A
Heating: Oil
Cooling: None
Garage: No Garage
Property Tax: $3,336/yr
Listed: 72 days ago

Features

Foundation: Concrete
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

72d

Kirkland Lake listings, avg age

101d

Price / ft²

$129

List price

$419K

Homes here sell below asking price

Homes in this market sold for an average of 91.2 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 12-bed multi-family in Kirkland Lake has been listed for 72 days, which is 29 days fresher than the city average of 101. Act while there is still low competition.

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Listed by CENTURY 21 SKYLARK REAL ESTATE LTD. · BALJIT GILL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P2N)

This home lists at $419,000, about 6.9× the local median household income of $60,800.

Carrying it typically needs a household income of about $81,845 (20% down, 25-yr amortization, stress-tested) — roughly 35% above the area median.

Median household income: $60,800
Population: 6,944
Median age: 45.2
Owner / renter: 61% / 39%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA P2N)

$419,000· $129/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,950

Min 5%50%

Mortgage payment$2,207/mo

↳ CMHC premium ($15,922 capitalized)

Property tax (est.)$278/mo

Total monthly$2,485

Cash Needed to Close

Down payment (5%)$20,950

Land transfer tax$4,855

Est. closing costs$3,757

Total cash needed$29,562

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice