A rare, purpose-built 16-unit investment opportunity in Kirkland Lake, one of Northern Ontario's most prominent markets. This well-maintained property boasts significant value-add potential, a diverse unit mix, and the unique advantage of being paired with an additional 23 units from the same portfolio for an even greater investment opportunity! A diverse unit mix with1 studio unit, 3 one-bedroom units, 1 three-bedroom unit and 11 two-bedroom units, all with common area access from the front or side. All units have their own hydro meter, with fourteen units currently paying their own hydro. Heat is gas based through a well maintained boiler and water is municipal. The property sits on a 4,962 sq. ft. lot with ample street parking. The property is located right off of the Trans- Canada Hwy and within walking distance to some of the main employers. (id:47421)
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Detailed Information
Lot
49.75 x 99.58 ft
Listing Contract Date
2025-01-17
Location Description
Government Rd E / Allen Ave
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R2
Business
Business Type
Residential
Business Subtype
Apartments
Building
Cooling Type
Partially air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Type
Multi-Family
Utility Water
Municipal water
Land
Total Size
49.83 x 99.65 FT
Size of Irregular Land
49.83 x 99.65 FT
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