Space
Finished area and layout
- Living Area
- 6,142 sqft
- Building Area
- 6,142 sqft
- Bedrooms
- 15
- Bathrooms
- 8
+47 more
15
Bedrooms
8
Bathrooms
6,142 sqft
Living Area
0 sqft
Lot
22
Parking
Property Snapshot
Key details for this listing
MLS #X13634474
Property
Type, style and structure
- Type
- residential
- Style
- multiplex / Multiplex
- Structure
About This Property
This 15-bedroom, 8-bathroom multiplex in Mattawa offers 6,142 sqft of living area on a 0 sqft lot. 2 storeys. The property has lot dimensions of 132 x 171.37 FT, zoned Residential Type 2 (R2-26). The home features central air, a other basement. Highlights include a none pool.
MLS Remarks
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:60351)
Full Listing Details
Address510 Valois Drive, Mattawa, ON P0H 1V0
MLS#X13634474
Listing StatusActive
Property TypeResidential
Sub-TypeMultiplex
TransactionSale
List DateAug 4, 2026
Days on Market83
Common InterestFreehold
Annual Tax$8,291 (2025)
Parking22
Parking TypePrivate
Structure TypeMulti-Family
AttachedAttached
Style2-Storey
ConstructionVinyl Siding
Bedrooms15
Bathrooms8
Bedrooms Above Grade15
Living Area6,142 sqft
Kitchens8
Stories2
CityMattawa
ProvinceOn
Postal CodeP0H 1V0
Lot Size0 sqft
Lot Dimensions132 x 171.37 FT
Frontage132.0 feet
ZoningResidential Type 2 (R2-26)
Zoning DetailsResidential Type 2 (R2-26)
Total Parking22
Parking FeaturesPrivate
CoolingCentral Air
BasementOther
RoofAsphalt Shingle
FoundationConcrete Block, Stone
ExteriorYear Round Living
SecurityCarbon Monoxide Detectors, Smoke Detector
PoolNone
SewerSewer
Annual Tax$8,291 (2025)
Business TypeApts - 6 To 12 Units
Take Hwy 17 East to Mattawa. Follow to 510 Valois Dr.(beyond the turn around and beside the OPP Station).
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