$269,000
PRICE
6 + 1
BEDROOMS
3
BATHROOMS
T12234502
MLSID
219 - 221 Devonshire Avenue, Iroquois Falls
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.
Summary
Address
219 - 221 Devonshire Avenue
City
Community
Street
MLSID
T12234502
Property Type
Triplex
Property Category
Bedrooms
6 + 1
Bathrooms
3
Kitchens
2 + 1
Zoning
R2
Taxes (Annual)
$2,600.00
Tax Year
2024
Published
June 20, 2025
Days on Market
2 Days
Possession Type
Immediate
Possession Details
Tbd
Inclusions
3 Fridges, 3 Stoves, Washer & Dryer included (as-is).
Exclusions
Tenants belongings
Details
Bathroom 1
4-Piece Second Level
Bathroom 2
4-Piece Ground Level
Bathroom 3
4-Piece Basement Level
Parking Spaces
4
Parking Total
4
Parking Features
Available
Architectural Style
2-Storey
Lot Size
12,500 SquareFeet
Lot Width
100 Feet
Lot Depth
125 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
Listing Contracted with RE/MAX CROWN REALTY (1989) INC