91 Taylor Avenue, Kirkland Lake, ON
Property no longer active
This property was sold on May 6, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of KL & Area. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $309,999 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
- Premium 33.88 x 101 ft lot size
- Features a partial basement basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This income-generating triplex offers a fantastic opportunity for investors looking for strong cash flow and minimal management responsibilities. Fully tenanted and professionally managed, this property features two spacious 2-bedroom units and one well-maintained 1-bedroom unit, making it an excellent addition to any real estate portfolio. With an impressive annual rental income of $35,000+ and low operating expenses, this property delivers exceptional returns and a high cap rate, making it a rare find in todays market. Located in the heart of Kirkland Lake, this property benefits from the towns growing demand for quality rental housing. The area is experiencing a population boom, fueled by gold mining operations, government offices, a regional hospital, and Northern College, all of which drive a steady demand for housing. With low vacancy rates and a strong rental market, investors can feel confident in the long-term sustainability of this asset. Kirkland Lake is a thriving regional hub along the Trans-Canada Highway, offering a mix of small-town charm and modern amenities typically found in much larger cities. Residents enjoy easy access to shopping, dining, schools, healthcare facilities, and recreational activities, enhancing the overall desirability of rental properties in the area. This is a turnkey, hands-off investment that requires minimal oversight while delivering strong, consistent returns. Whether you're a seasoned investor or just starting to build your portfolio, this property is a smart choice for long-term wealth building.
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Property Summary
This triplex located at 91 Taylor Avenue, Kirkland Lake is currently for sale and has been available on SousaSells for 528 days. This property is listed at $309,999 with an estimated mortgage of $1,032* per month. It has 5 beds, 3 bathrooms, and is unknown square feet. 91 Taylor 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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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 91 Taylor Avenue, Kirkland Lake, ON P2N 2L5
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 $309,999 in Kirkland Lake, the legal minimum down payment is $15,500 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 $3,125 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 $3,125.
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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.