Want a cash flowing property that meets the 1% rule with room to lift value further? This property currently offers 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. Seller also willing to hold a second VTB mortgage to cover your down payment. (id:4069)
Address
510 VALOIS DRIVE
List Price
$1,100,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
Mattawa
Floor Area
6,142 Sq. Ft.
Lot Size
132 x 171.37 FT Sq. Ft.
MLS® Number
X12103993
Listing Brokerage
REALTY EXECUTIVES Local Group Inc. Brokerage
Postal Code
P0H1V0
Zoning
Residential Type 2 (R2-26)
Site Influences
Highway, Ski hill
Features
Irregular lot size
