510 Valois Drive Active Save Request In-Person Tour Request Virtual Tour
Mattawa,ON P0H 1V0
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 6,142 sqft
Price per Sqft $179
MLS Listing ID 40603811
Bedrooms 15
Annual Tax Amount $8,208
Lot Size 0.470 Acres
Property Description
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.
Location
Province ON
County Nipissing
Area Mattawa
Zoning Residential Type 2 (R2-26)
Rooms
Other Rooms Shed(s),Storage
Kitchen 0
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Laundry Coin Operated
Exterior
Exterior Feature Year Round Living
Garage Detached Garage,Gravel
Garage Spaces 2.0
Waterfront No
Roof Type Asphalt Shing
Building
Lot Description Irregular Lot,Ample Parking,City Lot,Highway Access,Hospital,School Bus Route,Schools,Shopping Nearby,Visual Exposure
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No