Kirkland Lake, ON P2N 1W7,5 Balsam AVE
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Kirkland Lake, ON P2N 1W7,5 Balsam AVE
Kirkland Lake, ON P2N 1W7,5 Balsam AVE
Kirkland Lake, ON P2N 1W7,5 Balsam AVE
Kirkland Lake, ON P2N 1W7,5 Balsam AVE

$295,000

Est. payment /mo

$349,100

15.5%
Est.Price: ?

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5 Balsam AVE Kirkland Lake, ON P2N 1W7

5 Beds

3 Baths

SOLD DATE : 04/16/2025

Key Details

Sold Price $295,000

Property Type Multi-Family

Sub Type Multiplex

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision Kl & Area

MLS Listing ID T11925155

Sold Date 04/16/25

Style 3-Storey

Bedrooms 5

Building Age 51-99

Annual Tax Amount $1,045

Tax Year 2024

Property Sub-Type Multiplex

Property Description

*Recently Renovated Triplex in Kirkland Lake A Prime Investment Opportunity* This updated triplex in the heart of Kirkland Lake offers a fantastic opportunity for investors or for a buyer looking to live in one unit and rent out the others for additional income. Two spacious 2-bedroom units with bright living spaces, perfect for tenants or families. One cozy 1-bedroom unit, ideal for singles or couples looking for a low-maintenance space. Each unit comes with its own laundry hookups, providing convenience for tenants. Six plus parking spots ensuring ample space for tenants and guests. Outside, you'll find individual storage space, perfect for stowing away seasonal items or additional belongings. The property has been thoughtfully updated, providing peace of mind for years to come. Located in a prime area of Kirkland Lake, this triplex is just minutes away from local amenities, schools, and parks, making it an attractive choice for renters. Whether you're looking for a steady stream of rental income or a well-situated home with rental potential, this property checks all the boxes. All units are currently tenanted with a gross income of $46,800/year... 2 Bedroom Rented @ $1500/mth. 2 Bedroom rented @ 1400/mth, 1 Bedroom rented @ $1000/mth. Don't miss your chance to own this turnkey investment - schedule a viewing today!

Location

Province ON

County Timiskaming

Community Kl & Area

Area Timiskaming

Zoning R2

Rooms

Family Room No

Basement Crawl Space

Kitchen 3

Interior

Interior Features None

Cooling None

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 43.25

Lot Depth 110.25

Total Parking Spaces 6

Building

Foundation Block

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Listed by ROYAL LEPAGE NORTHERN GOLD REALTY
agent

Akash Sharma

Real Estate Agent

+1(343) 804-0015

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