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Want a cash flowing property that meets the 1% rule with room to lift value further? This property currently offers 8 units and is zoned for 10 residential apartments. There is current space enough to build 2 more 1 bedroom apartments inside the existing unused space. Unit 4 is also under rented for additional lift. Most units have been upgraded to some degree and have great tenants in place. Weeping tile done on north and east side in 2023 resolving water penetration, original building has rock foundation and the addition built in approx 1987. Double garage with a large shed like structure attached to it at the rear of the property. Rents are all inclusive but each unit has its own hydro panel in the unit. 2 furnaces, 2 AC, 2 hot water on demand rental units, shingles in great shape but age unknown and right beside new OPP station. Beer store, downtown, food and LCBO within walking range and bonus Mattawa river within a couple blocks of the building also. Seller also willing to hold a second VTB mortgage to cover your down payment.
8 fridges, 8 stoves, coin op laundry, Carbon Monoxide Detector, Smoke Detector
City: Mattawa
Neighborhood: Mattawa
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Jun 28, 2024 | N/A | $1,100,000 | N/A | Sold | X10709752 |

| Purchase Price | $1100000 |
| Down Payment | $220000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $880000 |
| Mortgage Payment | $5423 |
| Property Taxes | $691 |
| Maintenance Fees | $0 |
| Monthly Payment | $6114 |
Located at 510 Valois Dr , this Mattawa house is available for sale. This property was listed for $1,100,000 on Fri Apr 25 2025. This house's size is 5000 + Sqft. It has 15 bedrooms and 8 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 20 parking spots. 510 Valois Dr, Mattawa is situated in the Mattawa neighbourhood.
MLS#: X12103996 · $1,100,000 · 15 bedroom house in Mattawa, Mattawa