74-76 Prospect Avenue, Kirkland Lake, ON

$699,900
MLS#:T12062677
16 beds
11 baths
5000 + sqft
10.0 parking
Residential Freehold
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Property no longer active

This property was sold on October 16, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of KL & Area. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $699,900 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.

  • 16 Bedrooms and 11 Bathrooms with 11 functional kitchens
  • Generous living space spanning 5000 + sqft on a premium 80 x 100 ft lot
  • Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 10.0 total parking spaces available
  • Notable attributes: None
  • Efficient radiant heating via gas

Description

RARE FIND! SPACIOUS 11 UNIT INCOME PROPERTY FOR SALE Dont miss this opportunity to own a solid, 11-unit apartment building . This stately two storey property is full of classic charm & character, offering a mix of Six- 2 Bdr units & five 1 Bdr bachelor apartments. With a strong rental history & timeless appeal, this building is a perfect addition to any investment portfolio. There are many vacant units so you can set your own rental rates. Situated in a convenient location with easy access to amenities, this is your chance to step into an investment with excellent potential for long-term growth. Plenty of parking with extra lot. Whether youre an experienced investor or just getting started, this property is worth a serious look.

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Property Summary

This multiplex located at 74-76 Prospect Avenue, Kirkland Lake is currently for sale and has been available on SousaSells for 470 days. This property is listed at $699,900 with an estimated mortgage of $2,330* per month. It has 16 beds, 11 bathrooms, and is 5000 + square feet. 74-76 Prospect 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

Bedrooms
16
Bathrooms
11
Kitchens
11
Living Area
5000 + sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 16, 2025
Sold price information is available to members only
Listed Date4/3/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
Architectural Style2-Storey
ConstructionBrick
BasementFull, Finished
Lot Size80 × 100 Feet
CountyTimiskaming
Annual Tax$10,152.01
Legal DescriptionPCL 11973 SEC CST, LT 63 PL M-95 Tim, SRO & PCL 3052 SEC CST; LT 64 PL M-95, TIM TECK SRO Kirkland Lake, District of Timiskaming

Parking & Garage

Parking Spaces10.0
Garage Spaces10
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeRadiant
CoolingNone

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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74-76 Prospect Avenue, Kirkland Lake, ON
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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 74-76 Prospect Avenue, Kirkland Lake, ON P2N 2W5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Kirkland Lake.

Configure Loan Settings

Interest Rate4.00%
Down Payment$209,970 (30.0%)
* Minimum Canadian down payment required for this price is $44,990.
Amortization Period30 Years
Estimated Monthly Payment$2,330Based on a loan of $489,930 over 30 years.
Purchase Price$699,900
Loan Amount$489,930
Provincial Land Transfer Tax:$10,473
Total Estimated Closing Taxes:$10,473

About Purchasing a Home in Kirkland Lake, ON

For a property listed at $699,900 in Kirkland Lake, the legal minimum down payment is $44,990 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 $10,473 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 $10,473.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for KL & Area, Kirkland Lake.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$241,236

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.