5 Balsam Avenue, Kirkland Lake, ON
Property no longer active
This property was sold on April 16, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 3-Storey multiplex located in the coveted neighborhood of KL & Area. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $349,100 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.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 43.25 x 110.25 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: None
- Efficient other heating via gas
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!
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Property Summary
This multiplex located at 5 Balsam Avenue, Kirkland Lake is currently for sale and has been available on SousaSells for 551 days. This property is listed at $349,100 with an estimated mortgage of $1,162* per month. It has 5 beds, 3 bathrooms, and is 1500-2000 square feet. 5 Balsam Avenue, Kirkland Lake is in the KL & Area neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5 Balsam Avenue, Kirkland Lake, ON P2N 1W7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Kirkland Lake, ON
For a property listed at $349,100 in Kirkland Lake, the legal minimum down payment is $17,455 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 $3,712 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 $3,712.
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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.