ON > Mattawa
Mattawa, ON P0H 1V0,510 Valois Drive
Mattawa, ON P0H 1V0,510 Valois Drive
Mattawa, ON P0H 1V0,510 Valois Drive
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$1,100,000
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15 BD
8 BA
6,142 SqFt
Active

510 Valois Drive Mattawa, ON P0H 1V0

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Jeremy Creed

Jeremy Creed

+1(416) 671-8471

UPDATED:

09/26/2024 04:07 PM

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

Abv Grd Liv Area 6,142

Originating Board North Bay

Annual Tax Amount $8,208

Lot Size 0.470 Acres

Acres 0.47

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)

Direction Highway 17 Eastbound into Mattawa to 510 Valois beside OPP station

Rooms

Other Rooms Shed(s), Storage

Basement Walk-Up Access, Partial, Partially Finished

Kitchen 0

Interior

Interior Features None

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Laundry Coin Operated

Exterior

Exterior Feature Year Round Living

Garage Detached Garage, Gravel

Garage Spaces 2.0

Waterfront No

Roof Type Asphalt Shing

Street Surface Paved

Porch Porch

Lot Frontage 131.71

Lot Depth 158.84

Parking Type Detached Garage, Gravel

Garage Yes

Building

Lot Description Irregular Lot, Ample Parking, City Lot, Highway Access, Hospital, School Bus Route, Schools, Shopping Nearby, Visual Exposure

Faces Highway 17 Eastbound into Mattawa to 510 Valois beside OPP station

Story 2

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Vinyl Siding

New Construction No

Others

Senior Community false

Tax ID 491020510

Ownership Freehold/None

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

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Jeremy Creed

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+1(416) 671-8471

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510 Valois Drive