219 - 221 DEVONSHIRE AVENUE Iroquois Falls
  • 219 - 221 DEVONSHIRE AVENUE Iroquois Falls
  • 219 - 221 DEVONSHIRE AVENUE Iroquois Falls
  • 219 - 221 DEVONSHIRE AVENUE Iroquois Falls
  • 219 - 221 DEVONSHIRE AVENUE Iroquois Falls
  • 219 - 221 DEVONSHIRE AVENUE Iroquois Falls
  • 219 - 221 DEVONSHIRE AVENUE Iroquois Falls

219 - 221 DEVONSHIRE AVENUE, Iroquois Falls, Ontario

$269,000

  • 7 Beds
  • 3 Baths

Outstanding Investment Opportunity: 2-Storey Triplex. Features three spacious units: a 4-bedroom, a 2-bedroom, and a 1-bedroom currently vacant, ideal for owner-occupier or new tenant at market rent. Two units are already tenanted, generating solid cash flow. Key Financials: Gross Income Multiplier (GIM): 7X, Net Operating Income (NOI): $25,980, Cap Rate: 9.66%, Gross Rent Multiplier (GRM): 7, Operating Expense Ratio (OER): 28.78%. A strong-performing asset perfect for investors seeking immediate income and long-term upside. Don't miss this rare opportunity. (id:56241)

  • Listing ID: T12234502
  • Property Type: Multi-family
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Details

  • Equipment: Water Heater
  • Parking Spaces: 4
  • Rental Equipment: Water Heater
  • Transaction: For sale
  • Zoning Description: R2

Building

  • Amenities: Separate Electricity Meters
  • Appliances: Dryer, Stove, Washer, Refrigerator
  • BasementType: N/A (Unfinished)
  • Basement Development: Unfinished
  • Bedrooms Main Level: 6
  • Bedrooms Lower Level: 1
  • Exterior Finish: Vinyl siding
  • Fireplace Present: False
  • Foundation: Unknown
  • Bathrooms (Total): 3
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 2500 - 3000 sqft
  • Stories Total: 2
  • Type: Triplex
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 100 ft
  • Size Irregular: 100 x 125 FT
MLS®

Listing provided by RE/MAX CROWN REALTY (1989) INC
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 219 - 221 DEVONSHIRE AVENUE in Iroquois Falls Ontario. It was last modified on June 20th, 2025. Contact us to schedule a viewing or to discover other Iroquois Falls real estate for sale.

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