26
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$1,100,000
Est. payment /mo
6,142 SqFt
Active
510 Valois DR Mattawa, ON P0H 1V0
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,142 sqft
Price per Sqft $179
Subdivision Mattawa
MLS Listing ID X12103993
Annual Tax Amount $8,291
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Nipissing
Community Mattawa
Area Nipissing
Zoning Residential Type 2 (R2-26)
Interior
Cooling Yes
Inclusions 8 fridges, 8 stoves, coin op laundry, Carbon Monoxide Detector, Smoke Detector
Exterior
Community Features Major Highway, Skiing
Utilities Available Yes
Lot Frontage 132.0
Lot Depth 171.37
Others
Security Features No
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
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