219 - 221 Devonshire Avenue, Iroquois Falls, ON Image 1

$269,000

Triplex For Sale
MLS - #T12234502
Jun 20- By RE/MAX CROWN REALTY (1989) INC

219 - 221 Devonshire Avenue, Iroquois Falls, ON P0K 1E0

7 Bed
3 Bath
2500-3000 Sqft.
None Garage

Property Description

Property type

Triplex

Lot size

< .50

Style

2-Storey

Approx. Area

2500-3000 Sqft

About 219 - 221 Devonshire Avenue

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.

Home Overview

Last updated

Jun 20

Virtual tour

None

Basement information

Unfinished

Building size

--

Status

In-Active

Property sub type

Triplex

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:Unfinished
Cooling:None
Heating:Forced Air
Parking Features:Available
0
Similar Homes Found
$0
Average Price
26900000.0%
Higher than average

Price Comparison

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Location

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Walk Score for 219 - 221 Devonshire Avenue

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

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