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Mattawa,ON P0H 1V0
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Mattawa
MLS Listing ID X12103996
Style 2-Storey
Bedrooms 15
Annual Tax Amount $8,291
Tax Year 2024
Property Sub-Type Multiplex
Property 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.
Location
State ON
County Nipissing
Community Mattawa
Area Nipissing
Zoning Residential Type 2 (R2-26)
Rooms
Family Room No
Basement Other
Kitchen 8
Interior
Interior Features Water Heater
Cooling Central Air
Inclusions 8 fridges, 8 stoves, coin op laundry, Carbon Monoxide Detector, Smoke Detector
Exterior
Exterior Feature Year Round Living
Parking Features Other
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 132.0
Lot Depth 171.37
Total Parking Spaces 20
Building
Foundation Stone,Concrete Block
Others
Senior Community Yes
Security Features Carbon Monoxide Detectors,Smoke Detector