$248,000
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71 Second Street E, Kirkland Lake (kl & Area), ON P2N1R6

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5 Beds
4 Baths
- Sq Ft

Fully occupied (rented) Fourplex in Kirkland offering immediate, Strong Cash Flow and long term upside. This solid income producing property generates $3, 800 per month in rental income with approximately $1, 100 per month in operating expenses, delivering an impressive over 13% CAP rate at just $248, 000. A rare opportunity to acquire a high yielding asset at an affordable price point.The building is fully occupied with stable long term tenants paying $1, 200, $1, 100, $1, 000, and $500 monthly. Significant value add potential exists through gradual rent optimization over time, allowing an investor to further increase returns. MPAC assessed at $334, 000, offering built in equity from day one.Upper units are equipped with space heaters, the main floor features forced air heating. Metered water averages $170 per month, heat averages $250 per month, and hydro averages $250 per month, keeping overall expenses efficient and predictable.This is true turnkey investing with immediate income, strong cash on cash return, and clear growth potential. Whether you are expanding your portfolio or entering the market with a high performing asset, this fourplex checks every box for a smart, strategic investment. (id:58753)

Listing By: AMIR ZEINALPOUR PARVIN - RE/MAX HALLMARK ARI ZADEGAN GROUP REALTY cncrea2 Realty.com
  • MLS® T12783780
  • Date Listed02/12/2026
  • Days on Realty 115 Days
  • Bedrooms 5
  • Bathrooms 4 baths
  • Lot Size -
  • Sewer Other
  • Property Type Quadruplex
  • Water Public

Interior Features

  • Appliances Washer, Refrigerator, Water meter, Stove, Dryer
  • Cooling None
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Carpet Free

Directions

2nd Street E & Allen Ave

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for P2N1R6

Discover key demographics, population statistics, and environmental insights for the Kirkland Lake (kl & Area), ON area.

Walkability in ON / P2N1R6

Source: Walk Score

80/100

Very Walkable

Walk Score ®

0/100

Minimal Transit

Transit Score ®

51/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 0/100, Bike Score: 26/100.

Points of Interest near 71 SECOND STREET E, Kirkland Lake (KL & Area), ON P2N1R6

Frequently Asked Questions for 71 SECOND STREET E

Source: Realty.com

71 SECOND STREET E, Kirkland Lake (KL & Area), ON P2N1R6 in Kirkland Lake (KL & Area), ON P2N1R6 is a quadruplex listed at $248,000. Highlights include 5 bedrooms, 4 bathrooms. Realty.ca has 18 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 18 photos of 71 SECOND STREET E.

The full address for this home is 71 SECOND STREET E, Kirkland Lake (KL & Area), ON P2N1R6.

71 SECOND STREET E has been listed on Realty.com since Thu February 12, 2026

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 0/100, Bike Score: 26/100.

Listing provided courtesy of: RE/MAX HALLMARK ARI ZADEGAN GROUP REALTY
Listing agent: AMIR ZEINALPOUR PARVIN

This content last refreshed on 2026-06-07 21:52:50. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.