Income-Generating Triplex in Iroquois. Great Investment Opportunity! Attention investors! This soon to be fully tenanted triplex in Iroquois offers steady rental income with room for growth. Featuring three self-contained units, this property includes two main-floor apartments and one upper-level unit, all with separate utility billing for tenant-covered expenses. Unit Breakdown: Main Floor 1 Bed, 1 Bath | Recently renovated, Now rented April 1st, 2025 for $1200/month plus utilities, creating a cap rate of over 6% for the building. Main Floor 2 Bed, 1 Bath | Long-term tenant paying $400/month. Upper Level 2 Bed, 1 Bath | Long-term tenant paying $650/monthThis property boasts low-maintenance features, including vinyl and hardwood flooring, a high-efficiency natural gas furnace (2013), electric baseboard heaters in each unit, and a steel roof (2013). Other upgrades include new vinyl windows (2010-2013), ensuring improved energy efficiency. Enjoy ample parking, a spacious yard, and a double garage great for storage or additional rental potential. One long-term tenant manages lawn care and snow removal, reducing maintenance costs. While the siding could use some attention, the soffits and fascia are in good condition. Conveniently located in Iroquois, this property is a great opportunity for investors looking for a mix of stable long-term tenants and upside rental potential. Contact your realtor or myself for more details or to schedule a private viewing! (Interior pics are of recently updated Unit B, main floor 1-bedroom) (id:4069)
Address
41 CHURCH AVENUE
List Price
$329,000
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
South Dundas
Bedrooms
5
Bathrooms
4
Floor Area
1,500 Sq. Ft.
Lot Size
70 x 150 FT Sq. Ft.
MLS® Number
X11980207
Listing Brokerage
SUTTON ESSENTIAL REALTY
Basement Area
Full (Unfinished)
Postal Code
K0E1K0
Zoning
R2 , legal non-conforming triplex
Amenities
Separate Electricity Meters, Separate Heating Controls
Schools
3 public & 5 Catholic schools serve this home. Of these, 8 have catchments.
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