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. (id:35492)
MLS® Number | 40603811 |
Property Type | Multi-family |
Amenities Near By | Hospital, Schools, Shopping |
Community Features | School Bus |
Features | Visual Exposure, Crushed Stone Driveway, Laundry- Coin Operated |
Parking Space Total | 20 |
Structure | Shed, Porch |
Bathroom Total | 8 |
Bedrooms Total | 15 |
Basement Development | Partially Finished |
Basement Type | Partial (partially Finished) |
Cooling Type | Central Air Conditioning |
Exterior Finish | Vinyl Siding |
Foundation Type | Block |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Stories Total | 2 |
Size Interior | 6142 Sqft |
Utility Water | Municipal Water |
Detached Garage |
Access Type | Road Access, Highway Access |
Acreage | No |
Land Amenities | Hospital, Schools, Shopping |
Sewer | Municipal Sewage System |
Size Depth | 159 Ft |
Size Frontage | 132 Ft |
Size Irregular | 0.47 |
Size Total | 0.47 Ac|under 1/2 Acre |
Size Total Text | 0.47 Ac|under 1/2 Acre |
Zoning Description | Residential Type 2 (r2-26) |
https://www.realtor.ca/real-estate/27031752/510-valois-drive-mattawa
Contact us for more information
Mike Burman
Broker of Record
(705) 478-8588
www.realtyexecutivesnorthbay.com
Josee Laperle
Salesperson
(705) 478-8588
www.realtyexecutivesnorthbay.com