Property Details

510 VALOIS Drive, Mattawa, Ontario, P0H1V0

510 VALOIS Drive, Mattawa, Ontario, P0H1V0 (ID 40603811)
Representative
Barry Graham portrait
Barry Graham
Sales Representative
REALTY EXECUTIVES Local Group Inc. Brokerage - Temagami
Cell: 705-493-5393

$1,100,000 - For sale

ID#:40603811

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:2471)

Location DescriptionHighway 17 Eastbound into Mattawa to 510 Valois beside OPP station

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Property Details
  • Property Address:510 VALOIS Drive, Mattawa, Ontario, P0H1V0
  • Property Type:Multi-family
  • Title:Freehold
  • Lot Size:0.47 ac|under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Access:Road access, Highway access
  • Driveway:Detached Garage
  • Parking Space Total:20
Structure Details for 510 VALOIS Drive, Mattawa, Ontario, P0H1V0
  • Bedrooms:15
  • Bathrooms:8
  • Floor Space:6142 sqft
  • Heating Type:Natural gas, Forced air
  • Storeys:2
  • Basement Type:Partial (Partially finished)
  • Foundation Type:Block
  • Cooling Type:Central air conditioning
  • Exterior Type:Vinyl siding
Amenities for 510 VALOIS Drive, Mattawa, Ontario, P0H1V0 Visual exposure, Crushed stone driveway, Laundry- Coin operated, School Bus
  • Amenities Nearby:Hospital, Schools, Shopping
Representative
Barry Graham portrait
Barry Graham
Sales Representative
REALTY EXECUTIVES Local Group Inc. Brokerage - Temagami
Cell: 705-493-5393
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510 VALOIS Drive, Mattawa, Ontario, P0H1V0

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