30 Duncan Avenue, Kirkland Lake, ON
Property Highlights
Welcome to this remarkable store w apt/office located in the coveted neighborhood of Kirkland Lake. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $225,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 8 Bathrooms
- Premium 40 x 94 ft lot size
- equipped with no central cooling and highly efficient baseboard heating
Description
ATTENTION INVESTORS & ENTREPRENEURS! Don't miss this incredible mixed-use investment opportunity in the heart of Kirkland Lake! This unique property features TWO buildings on one lot packed with endless income potential and opportunity to grow your portfolio. The front building includes a fully operating salon on the main floor, plus an additional vacant commercial space ready to become an office, retail shop, storage space, or your next business venture. Upstairs, you'll find four one-bedroom apartments - with two units already occupied and generating steady income, while the remaining two units simply need a few finishing touches to start bringing in even more revenue. The back building adds even more value with a vacant main floor unit that could easily be converted into a spacious two-bedroom apartment, along with a tenant-occupied four-bedroom upper unit already producing rental income. Located in the thriving mining community of Kirkland Lake near the hospital, two nursing homes, college, grocery stores, motels, and major employers like Agnico Eagle Mines, this property is bursting with opportunity for investors looking for cash flow, redevelopment potential, and multiple streams of income all in one purchase!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 30 Duncan Avenue S, Kirkland Lake, ON P2N 1X6
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About Purchasing a Home in Kirkland Lake, ON
For a property listed at $225,000 in Kirkland Lake, the legal minimum down payment is $11,250 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,975 for this transaction. As this listing is in Kirkland Lake (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.