510 Valois Drive, Mattawa, ON P0H 1V0, Mattawa, ON, P0H 1V0
MLS: X12717114 | Multiplex
$999,900
Property Description
Looking for a strong cash-flowing investment that meets the 1% rule with room to increase value even further? 8% cap rate including vacancy, maintenance and management expenses. This property offers 8 fully tenanted units and is zoned for up to 10 residential apartments. With interior existing unused space, there's potential to add 2 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 a purpose built 6 unit addition. Other 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. Management company willing to stay on (I am part ower of that company with my son)
Quick Facts
- Property Type: Multiplex
- Style: 2-Storey
- Bedrooms: 15 (15 above)
- Bathrooms: 8
- Parking: 22.0 spaces (Other)
- Lot Size: 0 sq ft (0.0 m²)
Costs
- Annual Taxes: $8,291.00 (2025)
Listing Provided by: REALTY EXECUTIVES Local Group Inc. Brokerage
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Central Air
- Basement: Other
- Security: Carbon Monoxide Detectors, Smoke Detector
Exterior & Construction
- Style: 2-Storey
- Exterior: Fishing, Year Round Living
- Roof: Asphalt Shingle
- Construction: Vinyl Siding
- Foundation: Stone, Concrete Block
- Sewer: Sewer
Lot & Land
- Lot Size: 0 sq ft (0.0 m²)
- Pool: None
- Zoning: Residential Type 2 (R2-26)
Community & Neighbourhood
- Neighbourhood: Mattawa
Listing Information
Listing History
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510 Valois Drive, Mattawa, ON P0H 1V0, Mattawa, ON, P0H 1V0