41 Church Avenue

Iroquois
Ontario
K0E 1X0

$275,000

Property Description

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-foor 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 since 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 fooring, a high-efciency 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 efciency. 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 softs 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 foor 1-bedroom)

Property Information

Type:

Residential

Lot Dimensions:

70’x150′

Taxes:

$1889

Water:

Municipal

Sewage Type:

Municipal

Structure:

Type:

Triplex

Bedrooms:

Bathrooms:

Basement:

n/a

Style:

2 Storey

Square Footage:

n/a

Age:

n/a

Flooring:

n/a

Heating:

Forced Air Gas

Exterior:

Hardboard

Garage:

Detached

Parking:

n/a