41 Church Avenue, South Dundas 702 - Iroquois
Cashback ~$2,613
$329,000
$349,000

41 Church Avenue, South Dundas 702 - Iroquois

Triplex
Property type
5
Bedrooms
4
Bathrooms
702 - Iroquois
Community name

Property details

Status
Active
Building type
2-Storey
Roof
Metal
A/C
None
Heating
Forced Air
Foundation
Poured Concrete, Stone
Pool
None
Construction
Hardboard
Parking spaces
7
Parking description
Private Double
Updated on
2025-03-25, 1:21 p.m.
MLS® number
X11980207

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-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)


$2,613 for this home
Justo provides you half of the agent’s commission on the sale.
Client Ambassador - Basma Ishaq

Here for your questions

Client Ambassador • Carolina Penuela
or call us at (315) 636-6522

Listed by: SUTTON ESSENTIAL REALTY

Note: All the listing related information herein is deemed reliable but not guaranteed accurate by TRREB®, CREB® or MLS®. It is from sources deemed reliable, but should not be relied upon without independent verification.