510 Valois Drive, Mattawa, ON P0H 1V0
$1,100,000
$1,100,000

510 Valois Drive

Mattawa, Mattawa, Nipissing $1,100,000

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15 Beds
8 Baths
5000 + sqft
Detached Garage
Parking for 20
Zoning: Residential Type 2 (R2-26)
MLS®#:
X12103996
Property Type:
Multiplex
Property Style:
2-Storey
Area:
Nipissing
Community:
Mattawa
Taxes:
$8,291 / 2024
Added:
April 25 2025
Lot Frontage:
132
Lot Depth:
171.37
Status:
Active
Outside:
Vinyl Siding
Year Built:
Basement:
Other
Brokerage:
REALTY EXECUTIVES Local Group Inc. Brokerage
Lot :

171

132

BIG LOT

Intersection:
Champlain St.
Rooms:
Bedrooms:
15
Bathrooms:
8
Fireplace:
Utilities
Water:
Municipal
Cooling:
Central Air
Heating Type:
Forced Air
Heating Fuel:

Listing Details

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

Insights

  1. Strong Cash Flow Potential: This property meets the 1% rule, currently generating income from 8 units with the potential to expand to 10 residential apartments, making it an attractive investment opportunity.
  2. Upgraded Units with Great Tenants: Most units have been upgraded, and there are reliable tenants in place, ensuring steady rental income and reducing vacancy risks.
  3. Prime Location: Located near essential amenities such as a beer store, downtown shops, and the Mattawa River, this property offers convenience and recreational opportunities for residents.

Property Features

Park
Place Of Worship
School Bus Route
River/Stream
Skiing
Hospital

Sale/Lease History of 510 Valois Drive

View all past sales, leases, and listings of the property at 510 Valois Drive.

Neighbourhood

Schools, amenities, travel times, and market trends near 510 Valois Drive
Schools

4 public & 4 Catholic schools serve this home. Of these, 3 have catchments.

Parks & Rec

2 pools, 2 trails and 1 other facilities are found in major parks near this home.

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Mattawa home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in Mattawa
100%

Insights for 510 Valois Drive

View the highest and lowest priced active homes, recent sales on the same street and postal code as 510 Valois Drive, and upcoming open houses this weekend.

* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)