For Sale: 510 Valois Drive, Mattawa, ON - REW
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$999,900
0 bd • 8 ba • 6142 sf • Multifamily
510 Valois Drive
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$999,900
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510 Valois DriveMattawa, ON, P0H 1V0

  • 0 Bed
  • 8 Bath
  • 6142 Sqft
  • Multifamily

About this home

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) (id:63626)
Listed by: MIKE BURMAN, Broker of Record, REALTY EXECUTIVES Local Group Inc., Brokerage

Home facts and features

Price details
List Price
$999,900
Get Pre-Approved
Gross Taxes for 2025
$8,291
Home facts
Bedrooms
0
Full Bathrooms
8
Parking Spaces
2
Property Type
Multifamily
Lot Size
132 ft x 0 ft (17424 ft²)
Depth
Frontage
132.0 feet
Heating Type
Forced air, Natural gas
Cooling
Fully air conditioned
Features
Irregular lot size
Agent details
Primary Agent
MIKE BURMAN
Primary Broker
REALTY EXECUTIVES Local Group Inc., Brokerage
Listing details
Days on REW
142 Days
Property Views
26
MLS® Number
X12717242
Source
Canadian Real Estate Association
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Property Insights

F J McElligott School
  • Public
  • 7 - 12
Mattawa District Public School
  • Public
  • JK - 6
Élisabeth-Bruyère
  • Catholic
  • 7 - 12
É Sép Sainte-Anne
  • Catholic
  • JK - 8
St Victor School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker of Record
MIKE BURMAN
Phone:
(705) 477-4442
Cell:
705-477-4442
Office:
705-478-8588
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.