ON > Mattawa > Mattawa
Mattawa, ON P0H 1V0,510 Valois DR
Mattawa, ON P0H 1V0,510 Valois DR
Mattawa, ON P0H 1V0,510 Valois DR
Mattawa, ON P0H 1V0,510 Valois DR
Mattawa, ON P0H 1V0,510 Valois DR
Mattawa, ON P0H 1V0,510 Valois DR
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Mike Taylor

Mike Taylor

+1(705) 985-1110
$ 1,025,000
Est. payment | /mo

6,142 SqFt

Save
$ 1,025,000
Est. payment | /mo
Save

6,142 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 6,142 sqft

Price per Sqft $166

Subdivision Mattawa

MLS Listing ID X12398085

Annual Tax Amount $8,291

Tax Year 2024

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Nipissing

Community Mattawa

Area Nipissing

Zoning Residential Type 2 (R2-26)

Interior

Cooling Yes

Inclusions 8 fridges, 8 stoves, coin op laundry, Carbon Monoxide Detector, Smoke Detector

Exterior

Community Features Major Highway, Skiing

Utilities Available Yes

Lot Frontage 132.0

Lot Depth 171.37

Building

Building Age 16-30

Others

Security Features No

ParcelsYN No

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage
Mike Taylor

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

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510 Valois DR