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510 VALOIS DRIVE Mattawa, ON P0H1V0
6,142 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,142 sqft
Price per Sqft $166
Subdivision Mattawa
MLS® Listing ID X12398085
Lot Size 0.400 Acres
Acres 0.4
Source North Bay and Area REALTORS® Association
Property Description
Looking for a strong cash-flowing investment that meets the 1% rule with room to increase value even further? This property offers 8 fully tenanted units and is zoned for up to 10 residential apartments. With existing unused space, there's potential to add two additional 1-bedroom units-a built-in value-add opportunity. Unit 4 is currently under-rented, providing additional upside. Most units have already seen upgrades and are occupied by great tenants. Recent capital improvements include new weeping tile (2023) on the north and east sides, resolving previous water penetration concerns. The original structure features a solid rock foundation, while the addition (c. 1987) provides further stability and functionality. Additional highlights include a double garage with an attached outbuilding for extra storage, two furnaces, two A/C units, and two hot water on-demand rental systems. Each unit has its own hydro panel and current rents are all-inclusive. Roof shingles are in excellent condition (age unknown).The location is unbeatable being located right beside the new OPP station, and within walking distance to downtown amenities including the Beer Store, LCBO, restaurants, and the Mattawa River just a couple of blocks away. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 22
Private Pool No
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
