510 VALOIS DRIVE,Mattawa,Ontario,P0H1V0

$999,900

510 VALOIS DRIVE,Mattawa,Ontario,P0H1V0

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:63658)

PROPERTY SUMMARY

MLS® #	:	X12717242
Listing price	:	$999,900
Listed on	:	03-03-2026
Property subtype	:	For sale
Square footage	:	6142 sqft
Year built	:	0000
Listing office	:	REALTY EXECUTIVES Local Group Inc. Brokerage

BEDROOM & BATHROOM

Total bedrooms	:	0 Bedrooms
Total bathrooms	:	8 Bathrooms

BUILDING

Building type	:
Parking	:

Community location

Neighbourhood Highlights

• Highway

  Ski hill