$419,000
For sale: Multiplex

Investment opportunity knocks! This 6-plex building is priced to sell. It features one 1-bedroom apartment, one 3-bedroom apartment, and four 2-bedroom apartments. The fully tenanted property is located in the main downtown area. The buyer has the opportunity to renovate and increase the rents for better cash flow. Net annual income is $59,246.85 according to the seller. Selling '"AS IS".
Sold data
Multiplex homes in Kirkland Lake took a median of 42 days to sell over the last 730 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 83, across 31 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 93 days.
The median sale price was $309,999.
Homes sold for about 8.3% below asking on average, so there was room to negotiate.
About 6% of sales closed above the list price.
Around 29% of sellers reduced their price before finding a buyer.
Based on 31 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Kirkland Lake has 4 Fraser Institute–rated schools (2 elementary and 2 secondary), averaging 2.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$1,599,999
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