63 Second Street, Kirkland Lake, ON
Property no longer active
This property was sold on October 29, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of KL & Area. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $499,000 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.
- 10 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 49.83 x 119.58 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- Efficient forced air heating via gas
Description
Fully Renovated Four-Plex (2019) Prime Turnkey Investment Opportunity .This well-maintained four-plex is an excellent income-generating property, featuring two separate buildings, each housing two spacious units (one on the main floor and one on the second floor). With a total of four units, this property offers a balanced mix of two two-bedroom and two three-bedroom layouts, catering to a wide range of tenants. Key Features & Upgrades: Full Renovation in 2019 Modern finishes and quality upgrades throughout .Energy-Efficient Windows (2019) Enhanced insulation and reduced utility costs. Recent Mechanical Updates Includes a new furnace (1 year old), hot water tanks (2 years old), and a durable roof (4 years old)Separate Utilities Each unit has its own hydro meter, ensuring easy billing and tenant accountability . In-Unit Laundry Added convenience for tenants, increasing rental appeal .Ample Parking Dedicated parking spaces for all units, a valuable perk in high-demand areas Investment Highlights: Strong Rental Demand Ideal for long-term tenants or student rentals (if near a college/university)Low Maintenance Recent upgrades minimize immediate repair costs. Turnkey Operation Move-in ready with no major renovations needed .Financials Available : Detailed income and expense reports provided upon request
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Property Summary
This fourplex located at 63 Second Street, Kirkland Lake is currently for sale and has been available on SousaSells for 345 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 10 beds, 4 bathrooms, and is 3500-5000 square feet. 63 Second Street, 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
Additional Details
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Features
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Interior Features
Separate Hydro Meter
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 63 Second Street E, Kirkland Lake, ON P2N 1R6
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 $499,000 in Kirkland Lake, the legal minimum down payment is $24,950 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 $6,455 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 $6,455.
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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.