ON > Iroquois Falls > Iroquois Falls
Iroquois Falls, ON P0K 1E0,219 - 221 Devonshire AVE
Iroquois Falls, ON P0K 1E0,219 - 221 Devonshire AVE
Iroquois Falls, ON P0K 1E0,219 - 221 Devonshire AVE
Iroquois Falls, ON P0K 1E0,219 - 221 Devonshire AVE
Iroquois Falls, ON P0K 1E0,219 - 221 Devonshire AVE
Iroquois Falls, ON P0K 1E0,219 - 221 Devonshire AVE
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Mahesh Khatri

Mahesh Khatri

+1(416) 464-6568
$ 269,000
Est. payment | /mo

7 Beds

3 Baths

Save
$ 269,000
Est. payment | /mo
Save

7 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision Iroquois Falls

MLS Listing ID T12234502

Style 2-Storey

Bedrooms 7

Building Age 100+

Annual Tax Amount $2,600

Tax Year 2024

Property Sub-Type Triplex

Property Description

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.

Location

Province ON

County Cochrane

Community Iroquois Falls

Area Cochrane

Zoning R2

Rooms

Family Room Yes

Basement Unfinished

Kitchen 3

Separate Den/Office 1

Interior

Interior Features Separate Hydro Meter

Cooling None

Inclusions 3 Fridges, 3 Stoves, Washer & Dryer included (as-is).

Exterior

Parking Features Available

Pool None

Roof Type Shingles

Lot Frontage 100.0

Lot Depth 125.0

Total Parking Spaces 4

Building

Foundation Unknown

Others

Senior Community No

Listed by RE/MAX CROWN REALTY (1989) INC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

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219 - 221 Devonshire AVE

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