6
See all 6 photos
$269,000
Est. payment /mo
7 Beds
3 Baths
New
219 - 221 Devonshire AVE Iroquois Falls, ON P0K 1E0
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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