510 VALOIS DRIVE, Mattawa, ON P0H1V0
See all 26 photos
510 VALOIS DRIVE, Mattawa, ON P0H1V0
510 VALOIS DRIVE, Mattawa, ON P0H1V0
510 VALOIS DRIVE, Mattawa, ON P0H1V0
510 VALOIS DRIVE, Mattawa, ON P0H1V0
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jordan Rossman

Jordan Rossman

+1(705) 345-0797
$ 999,900
Est. payment /mo
Save
Active

510 VALOIS DRIVE Mattawa, ON P0H1V0

8 Baths

6,142 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 6142

Square Footage 6,142 sqft

Price per Sqft $162

Subdivision Mattawa

MLS® Listing ID X13634474

Property Description

Looking for a strong cash-flowing investment that meets the 1% rule with room to increase value even further? This building has a strong occupancy history plus a 8.69% cap rate including vacancy, maintenance and management expenses. Gross income 137,885.88, net income 86,849. 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 or a 3 bedroom unit. 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 replaced Aug 2026 with new skylights and venting also. 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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Powered by: REALTOR.ca
Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

NEARBY SCHOOLS & PROPERTIES

Jordan Rossman

Jordan Rossman

+1(705) 345-0797

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from The Rossman Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

510 VALOIS DRIVE

QUICK SEARCH