510 Valois Drive Mattawa, Ontario P0H 1V0
$1,100,000
Want a cash flowing property that meets the 1% rule with room to lift value further? This property currently offers 8 units and is zoned for 10 residential apartments. There is current space enough to build 2 more 1 bedroom apartments inside the existing unused space. Unit 4 is also under rented for additional lift. Most units have been upgraded to some degree and have great tenants in place. Weeping tile done on north and east side in 2023 resolving water penetration, original building has rock foundation and the addition built in approx 1987. Double garage with a large shed like structure attached to it at the rear of the property. Rents are all inclusive but each unit has its own hydro panel in the unit. 2 furnaces, 2 AC, 2 hot water on demand rental units, shingles in great shape but age unknown and right beside new OPP station. Beer store, downtown, food and LCBO within walking range and bonus Mattawa river within a couple blocks of the building also. Seller also willing to hold a second VTB mortgage to cover your down payment. (id:61445)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X12103993 |
| Property Type | Multi-family |
| Community Name | Mattawa |
| AmenitiesNearBy | Highway, Ski Hill |
| Features | Irregular Lot Size |
| ParkingSpaceTotal | 20 |
Building
| Appliances | Stove, Refrigerator |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 6142 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway, Ski Hill |
| SizeDepth | 171 Ft ,4 In |
| SizeFrontage | 132 Ft |
| SizeIrregular | 132 X 171.37 Ft |
| SizeTotalText | 132 X 171.37 Ft |
| ZoningDescription | Residential Type 2 (r2-26) |
https://www.realtor.ca/real-estate/28215056/510-valois-drive-mattawa-mattawa
Interested?
Contact us for more information
Mike Burman
Broker of Record
325 Main Street, West
North Bay, Ontario P1B 2T9
Josee Laperle
Salesperson
325 Main Street, West
North Bay, Ontario P1B 2T9
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April 25 2025 03:27:54
Realty Executives Local Group Inc. Brokerage