246 Cambridge Avenue

Nestled in the charming community of Iroquois Falls, this impressive Multi-Family Home for sale in Iroquois Falls offers an exceptional investment opportunity. Located at 246 Cambridge Avenue, Iroquois Falls, this well-maintained and clean multiplex building is perfect for those looking to expand their property portfolio. With a generous 14 bedrooms and 7 bathrooms spread across its two-storey layout, this property is designed to accommodate multiple tenants comfortably.

As you approach 246 Cambridge Avenue, Iroquois Falls, you'll notice the attractive stucco exterior that gives the building a modern yet timeless appeal. The property boasts a total of 35 rooms, ensuring ample space for residents to enjoy their privacy while still benefiting from the community atmosphere that Iroquois Falls offers. Each of the seven two-bedroom units is fully tenanted, providing a steady income stream for the savvy investor. The bright and comfortable living spaces come complete with kitchen appliances, making them ideal for tenants looking for a hassle-free living experience.

One of the standout features of this Multi-Family Home for sale in Iroquois Falls is the on-site coin-operated laundry facility. This convenience not only adds value for tenants but also reduces the need for them to venture out for their laundry needs. Additionally, each unit is equipped with individual hydro meters, ensuring that tenants only pay for the utilities they use. The natural gas boiler heating system keeps the building warm and cosy during the colder months, while the baseboard heating provides an efficient and effective solution for temperature control.

Parking is never a concern at 246 Cambridge Avenue, Iroquois Falls, as the property includes private driveway access with space for up to seven vehicles. Each tenant is assigned a block heater plug-in parking space, which is particularly beneficial during the chilly winter months. Although there is no garage space available, the ample parking ensures that residents and their guests can easily find a spot.

The property also features a municipal water supply and sewer system, providing essential services to all tenants. While there is no central vacuum system or family room within the building, the layout has been thoughtfully designed to maximise the living space available. The absence of a pool and fireplace may seem like a drawback, but the focus on providing well-appointed living units ensures that tenants can enjoy a comfortable and practical home.

For those who value connectivity, this Multi-Family Home for sale in Iroquois Falls is equipped with internet access, allowing residents to stay connected for both work and leisure. The building is unfurnished, giving tenants the flexibility to personalise their living spaces to suit their tastes and preferences.

With a lot size of 112 x 125 feet, there is plenty of outdoor space for tenants to enjoy, although there are no additional land parcels included with the property. The absence of extra features means that the building remains straightforward and easy to manage, making it an ideal investment for those new to property management or seasoned investors alike.

In summary, 246 Cambridge Avenue, Iroquois Falls, is a remarkable Multi-Family Home for sale in Iroquois Falls that presents an excellent opportunity for investors. With its spacious layout, fully tenanted units, and practical amenities, this property is sure to attract interest from those looking to secure a reliable income source. Don’t miss your chance to own this fantastic multiplex in the heart of Iroquois Falls, where community spirit and convenience come together seamlessly. Whether you're an experienced investor or just starting out, this Multi-Family Home for sale in Iroquois Falls is not to be overlooked.

Iroquois Falls, nestled in the heart of Northern Ontario, is a charming town characterised by its picturesque landscapes and rich natural resources. The community is framed by the serene beauty of the Abitibi River, offering a tranquil environment for outdoor enthusiasts and nature lovers alike. With a population that embraces a strong sense of camaraderie, Iroquois Falls boasts a variety of amenities, including local shops, recreational facilities, and community events that foster a welcoming atmosphere. The town's history is deeply intertwined with the forestry and paper industries, providing a unique cultural backdrop. For those seeking a peaceful lifestyle amidst stunning natural surroundings, Iroquois Falls presents an inviting opportunity to call home.

Schools in the Neighbourhood

The property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, just 0.5 km away, is Iroquois Falls Secondary School, catering to students from grades 9 to 12, ensuring that older children have access to quality education. Additionally, Iroquois Falls Public School, located 0.6 km from the property, offers programs in both English and French for younger students from Junior Kindergarten to grade 6. This school is part of the District School Board Ontario North East, which is known for its commitment to providing a supportive learning environment. The close proximity of these schools allows for easy commutes, enhancing the convenience for families with children. Although the schools currently have a rating of 0, the focus on language diversity and the range of grades offered can be appealing for parents looking for educational options. Overall, the nearby schools provide a solid foundation for children’s education, fostering a sense of community and accessibility that potential buyers may find attractive.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 599 residents, with an average household size of 1.9 individuals. The demographic profile indicates a mature community, with an average age of 47.1 years. The average household income is $72,000, although 16.4% of the population falls below the low-income threshold. The real estate market shows an average property price of $188,000, making it relatively accessible. A significant portion of the population, 58.59%, is single, while 25% of households include children. The rental market is notable, with 49.12% of residents renting their homes, and condos make up 5.26% of the housing options. Education levels are relatively high, with 45.12% of residents holding a college or university degree. However, a considerable 47.56% of the population is not participating in the labor force, which may reflect various socio-economic factors. Overall, this area presents a unique blend of demographics, with a mix of single individuals, families, and a notable number of renters, contributing to a diverse community atmosphere.