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510 VALOIS DRIVE, MATTAWA
2026-01-21
Quick Summary
MLS®#X12717114
Property Description
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:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Beach, Hospital, Schools
Building
- Appliances: Water Heater - Tankless, Stove, Refrigerator
- Basement Development: Other, See Remarks
- Basement Type: N/A (Other, See Remarks)
- Cooling Type: Central air conditioning
- Exterior Finish: Vinyl siding
- Fireplace: No
- Interior Size: 5000 - 100000 sqft
- Building Type: Other
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Irregular lot size
Land
- Land Size: 132 x 171.4 FT
- Sewer: Sanitary sewer
Zoning
- Description: Residential Type 2 (R2-26)
Information entered by REALTY EXECUTIVES Local Group Inc. Brokerage
Listing information last updated on: 2026-03-02 12:47:12
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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