Mike Burman, North Bay real estate: Commercial Property Listings

Listing Details

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510 VALOIS DRIVE - MLS® # X12103996

Property Details

List Price

1100000

Living Area

5,000 sqft.

Bedrooms

Bathrooms

Lot Size Area

132 x 171.4 FT

Taxes

N/A

Type

Other

Style

N/A

Basement

Year Built

N/A

Description

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:2469)

Features

Irregular lot size

Amenities

Park, Place of Worship, Ski area, Hospital

Listing Provided By

REALTY EXECUTIVES Local Group Inc. Brokerage

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