510 Valois Drive Mattawa, Ontario P0H 1V0
$1,590,000
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 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 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. (id:49187)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12396509 |
| Property Type | Multi-family |
| Community Name | Mattawa |
| Amenities Near By | Highway, Ski Hill |
| Equipment Type | Water Heater, Water Heater - Tankless |
| Features | Irregular Lot Size |
| Parking Space Total | 22 |
| Rental Equipment Type | Water Heater, Water Heater - Tankless |
Building
| Age | 16 To 30 Years |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 6142 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Ski Hill |
| Size Depth | 171 Ft ,4 In |
| Size Frontage | 132 Ft |
| Size Irregular | 0.4 |
| Size Total | 0.4 Ac |
| Size Total Text | 0.4 Ac |
| Zoning Description | Residential Type 2 (r2-26) |
https://www.realtor.ca/real-estate/28847397/510-valois-drive-mattawa-mattawa
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September 11 2025 02:28:43
North Bay Real Estate Board
Realty Executives Local Group Inc. Brokerage