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? What will the property cash flow produce as interest rates decline? Seller also willing to hold a second VTB mortgage to cover your down payment. This building currently has 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. (id:47351)
Property Details
| MLS® Number | 40603811 |
| Property Type | Multi-family |
| AmenitiesNearBy | Hospital, Schools, Shopping |
| CommunityFeatures | School Bus |
| Features | Visual Exposure, Crushed Stone Driveway, Laundry- Coin Operated |
| ParkingSpaceTotal | 20 |
| Structure | Shed, Porch |
Building
| BathroomTotal | 8 |
| BedroomsTotal | 15 |
| BasementDevelopment | Partially Finished |
| BasementType | Partial (partially Finished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 6142 Sqft |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Hospital, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 159 Ft |
| SizeFrontage | 132 Ft |
| SizeIrregular | 0.47 |
| SizeTotal | 0.47 Ac|under 1/2 Acre |
| SizeTotalText | 0.47 Ac|under 1/2 Acre |
| ZoningDescription | Residential Type 2 (r2-26) |
https://www.realtor.ca/real-estate/27031752/510-valois-drive-mattawa
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June 24 2024 01:46:30
North Bay Real Estate Board
Realty Executives Local Group Inc. Brokerage