Property Details
510 VALOIS DRIVE, Mattawa, Ontario, P0H1V0
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:2471)
REALTY EXECUTIVES Local Group Inc., Brokerage - North Bay
REALTY EXECUTIVES Local Group Inc., Brokerage - North Bay
- Property Address: 510 VALOIS DRIVE, Mattawa, Ontario, P0H1V0
- Community Name: Mattawa
- Property Type: Multi-family
- Zoning Description: Residential Type 2 (R2-26)
- Lot Size: 0.4
- Acreage: 0.4 ac
- Water Type: Municipal water
- Total Parking Spaces: 22
- Maintenance Fee: 0.00
- Amenities Nearby: Highway, Ski hill
- Structure Style: Multi-Family
- Floor Space: 6142 sqft
- Building Age: 16 to 30 years
- Heating Type: Natural gas, Forced air
- Cooling: Fully air conditioned
- Irregular lot size
Listing Offices: REALTY EXECUTIVES Local Group Inc. Brokerage
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Looking for a strong cash-flowing investment that meets the 1%...
- 15 Beds
- 8 Baths
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