510 Valois Drive

Mattawa, Mattawa

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.

This multiplex home located at 510 Valois Drive, Mattawa, ON P0H 1V0 is currently for For Sale and has been available on Wedu.ca for days. This property is listed at CA$1M. It has 15 beds, 8 bathrooms, and is 5000 + square feet. The property is N/A years old. 510 Valois Drive, Mattawa, ON P0H 1V0 is in Mattawa neighborhood Mattawa.