Sign In or Create a Free Account to see full details of this property
Key Facts
Key facts for 510 Valois Drive
Property Type
Apartment, 2-Storey
Parking
Detached 2 garage, 22 parking
MLS #
X12398086
Size
5000 + sqft
Basement
Other
Listed on
2025-09-11
Lot size
132 x 171.37
Tax
$8,291 /yr
Days on Market
0
Approximate Age
16-30
Maintenance Fee
-
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 v...alue-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.
Similar Properties(No results)
Mortgage Calculator
Calculate your estimated monthly mortgage payment
Price
$1,050,000
$
%
%
Total cost of mortgage
$0
Monthly payment
By clicking Save, we will calculate your estimated mortgage for all properties using the saved values (down payment percentage, interest rate, and amortization).
The accuracy and applicability of this calculator are not guaranteed.
