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Raymond Hau

[email protected] +1(416) 201-2001

$ 1,050,000

Est. payment -/mo

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510 Valois DR Mattawa, ON P0H 1V0

15 Beds

8 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision Mattawa

MLS Listing ID X12398086

Style 2-Storey

Bedrooms 15

Building Age 16-30

Annual Tax Amount $8,291

Tax Year 2024

Property Sub-Type Multiplex

Property Description

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.

Location

Province ON

County Nipissing

Community Mattawa

Area Nipissing

Zoning Residential Type 2 (R2-26)

Rooms

Family Room Yes

Basement Other

Kitchen 8

Interior

Interior Features On Demand Water Heater

Cooling Central Air

Inclusions 8 fridges, 8 stoves, coin op laundry, Carbon Monoxide Detector, Smoke Detector

Exterior

Exterior Feature Year Round Living

Parking Features Other

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 132.0

Lot Depth 171.37

Total Parking Spaces 22

Building

Foundation Concrete Block, Stone

Others

Senior Community Yes

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

Raymond Hau

Team Leader

+1(416) 201-2001

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Markham, ON

Raymond Hau

510 Valois DR Mattawa, ON P0H 1V0

Key Details

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Exterior

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510 Valois DR