The structural, morphological, magnetic and magnetocaloric properties of Er2Ir2O7 are investigated. The X-ray diffraction analysis showed that Er2Ir2O7 has a cubic structure with the Fđ3m space group. Using Williamson-Hall (W-H) plot, the crystallite size was found to be smaller than that obtained from the SEM image. Magnetic measurements revealed a weak ferromagnetic transition at TC =140K, caused by the appearance of magnetic order of the Ir moments. ΔT (temperature at full width of half maxima) was estimated to be 27K and 40K for magnetic field changes of 40 kOe and 50 kOe, corresponding to the relative cooling power (RCP) values of 98 J/kg and 128 J/kg, respectively. Temperature-averaged Entropy Change (TEC) was calculated for all applied magnetic fields, and found to be slightly lower than (-∆S_M^max) values, indicating less hysteresis loss in the compound Er2Ir2O7 during the magnetic transition. This study provides a new pyrochlore material for MCE magnetocaloric applications.