Homula Realty Brokerage
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7 Boisvert Street, Kirkland Lake, ON P0K 1T0

8 beds · 5 baths · 5 kitchens · 16 rooms · 8 parking spaces · 3500-5000 sq ft · Laundry on the main level level · Multiplex
$595,000
Property tax
$3,162 / year

Turnkey 4-Plex: A Valuable Investment You Can't Ignore!This extraordinary turnkey 4-plex offers exceptional value and endless income potential! The property features two cozy 1-bedroom apartments, one spacious 2-bedroom unit, and a large 3-bedroom apartment with an attached granny suite, offering potential for conversion into a five-plex.Each unit includes a comfortable living area, functional kitchen, and a modern 4-piece bathroom. The property also features a beautiful backyard with a gazebo, creating a welcoming outdoor space for tenants to relax or entertain.Well maintained and tastefully updated throughout, this property is ready for its next owner. All units are currently vacant, giving you the opportunity to choose your own tenants and set your own rents.Conveniently located in the cozy community of Swastika, just 5 minutes from Agnico Eagle Mines and approximately 10 minutes to downtown Kirkland Lake, where you'll find the college, hospital, nursing homes, grocery stores, and other essential amenities.Don't miss this incredible opportunity to own a turnkey investment property with strong rental potential and long-term growth opportunities!

MLS number
T13134892
Type
Multiplex
Status
Active
Bedrooms
8
Bathrooms
5
Postal code
P0K 1T0
Photos
44
Laundry
Main Level level
121days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 576 people.

$100,000Median household income
90.7%Own their home
93.9%Detached houses
43.6Median age
3%Born outside Canada
24.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35540092 — the few blocks around this address, home to 576 people. It describes the area, not this property.

576Population
42.9Average age
2.4Household size
$116,000Average household income
$100,000Median household income
91%Own their home
9%Rent
0%Condominiums
3%Born outside Canada
24%University degree
$224,000Average home value
6%Low income
61%Not in the labour force
19%Never married
$20,000 to $24,9991%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9991%
$40,000 to $44,9993%
$45,000 to $49,9991%
$50,000 to $59,9993%
$60,000 to $69,9994%
$70,000 to $79,9993%
$80,000 to $89,9996%
$90,000 to $99,9993%
$100,000 and over34%
$100,000 to $124,99910%
$125,000 to $149,99910%
$150,000 to $199,9997%
$200,000 and over8%

Percentages are of the 355 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$119,000 · minimum here is $34,500
$2,634.53per month
Borrowed before insurance$476,000
Total borrowed$476,000
Interest over 25 years at 4.5%$314,359

If you rented it out

-$2,898.03per month out of pocket
Rent$0.00
Everything it costs to hold$2,898.03
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ZIEMINSKI REAL ESTATE INC. Listing data provided by the Toronto Regional Real Estate Board.