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. (id:47423)
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Detailed Information
Bedrooms
5
Bathrooms
3
Lot
33.83 x 101 ft
Listing Contract Date
2025-02-03
Location Description
Taylor East Of Main
# of Parking Spaces
3
Property Type
Single Family
Transaction Type
For sale
Zoning Description
Residential
Building
Appliances
Window Coverings
Basement Type
Partial
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Foundation Type
Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Land
Total Size
33.88 x 101 FT
Sewer
Sanitary sewer
Size of Irregular Land
33.88 x 101 FT
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