727 Ambridge Drive

Nestled in the heart of Iroquois Falls, 727 Ambridge Drive is an incredible opportunity for those looking to invest in a prime income property. This Multi-Family Home for sale in Iroquois Falls boasts an impressive 11-unit building, making it a highly sought-after asset in a high-demand area where there’s even a waiting list for tenants. With its strategic location, just off Highway 67 which turns into Ambridge Drive, this property offers easy access to local amenities and the vibrant community of Iroquois Falls.

The building itself is a bungalow-style multiplex, featuring a robust exterior of metal and steel siding that not only provides durability but also a modern aesthetic. This Multi-Family Home for sale in Iroquois Falls comprises ten two-bedroom apartments and one bachelor unit, each with its own private exterior entrance as well as access through the common area. This layout is particularly appealing for tenants seeking both privacy and convenience.

Each of the two-bedroom units is well-appointed and includes a detached garage, with a total of 10 garages measuring 12' x 20' on-site. This is a significant advantage for tenants who require parking for their vehicles, and with ample tenant and guest parking available, it’s clear that this property is designed with comfort and accessibility in mind. The private driveway wraps around the building, ensuring that parking is never a hassle.

As you step inside, you’ll find a total of 53 rooms throughout the property, including 11 kitchens that cater to the needs of each unit. While there is no additional kitchen or family room, the layout is efficient and functional, perfect for the demands of modern living. Each unit is equipped with its own hydro meter, allowing for easy management of utilities, which is a great selling point for potential tenants.

Although the property does not feature air conditioning or a fireplace, it does utilise baseboard heating, ensuring that residents stay warm during the colder months. The lack of a pool may be a downside for some, but the property compensates with its generous lot size of 193 x 244 feet and additional land ranging from 0.50 to 1.99 acres, providing ample outdoor space for activities or future development.

One of the standout features of this Multi-Family Home for sale in Iroquois Falls is the common room, which includes a two-piece bathroom, making it an ideal space for tenants to gather or for hosting small events. The property also boasts indoor storage lockers and a coin-operated laundry facility, adding to the convenience for residents.

The sewer system is municipal, and water is supplied through the local municipal services, ensuring that tenants have reliable access to essential utilities. While the property is currently unfurnished, this allows new owners to personalise the space according to their vision or the needs of their tenants.

In summary, 727 Ambridge Drive, Iroquois Falls, presents a fantastic investment opportunity with its extensive features and prime location. This Multi-Family Home for sale in Iroquois Falls is not just a property; it’s a gateway to a thriving community with a high demand for rental units. With 20 bedrooms and 12 bathrooms across the 11 units, the potential for income generation is significant.

Don’t miss out on this chance to own a piece of Iroquois Falls real estate. Whether you’re an experienced investor or new to the property market, this Multi-Family Home for sale in Iroquois Falls is worth considering. With its strategic location, robust features, and the promise of steady rental income, 727 Ambridge Drive, Iroquois Falls, is truly a gem waiting to be discovered.

Iroquois Falls, nestled in the heart of Northern Ontario, is a charming town that beautifully balances the serenity of nature with the conveniences of modern living. Surrounded by lush forests and the scenic Abitibi River, this geographic entity offers a tranquil retreat for those seeking a close-knit atmosphere amidst stunning landscapes. The town is steeped in history, with its origins linked to the forestry and paper industries, and boasts a rich cultural heritage. Residents enjoy a variety of outdoor activities, from hiking and fishing to snowmobiling in the winter months. With its welcoming spirit and strong sense of community, Iroquois Falls presents an inviting option for anyone looking to embrace a peaceful lifestyle in a picturesque setting.

Schools in the Neighbourhood

The property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is Iroquois Falls Public School, situated just 1.5 km away, offering grades from Junior Kindergarten to Grade 6 in both English and French. This school is part of the District School Board Ontario North East. Additionally, Iroquois Falls Secondary School is located 2.4 km from the property, catering to students in grades 9 through 12, also under the same school board. Both schools are public institutions, providing accessible education to the community. While the school ratings are currently not available, the proximity to these educational facilities enhances the appeal of the property for families seeking quality schooling options for their children. With the option of studying in English or French at the elementary level, parents can choose the best fit for their child's educational needs. Overall, the availability of nearby schools contributes positively to the property's value and livability, ensuring that families have essential educational resources within a short distance.