510 Valois DR, Mattawa, ON P0H 1V0
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510 Valois DR, Mattawa, ON P0H 1V0
510 Valois DR, Mattawa, ON P0H 1V0
510 Valois DR, Mattawa, ON P0H 1V0
510 Valois DR, Mattawa, ON P0H 1V0
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Jethro Seymour

Jethro Seymour

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510 Valois DR Mattawa, ON P0H 1V0

8 Baths

6,142 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 6,142 sqft

Subdivision Mattawa

MLS Listing ID X13634474

Annual Tax Amount $8,291

Tax Year 2025

Property Sub-Type Investment

Lot Depth 171.37

Lot Front 132.0

Property Description

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 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.

Location

Province ON

County Nipissing

Area Nipissing

Zoning Residential Type 2 (R2-26)

Interior

Cooling Yes

Inclusions 8 fridges, 8 stoves, coin op laundry, Carbon Monoxide Detector, Smoke Detector

Exterior

Community Features Major Highway, Skiing

Utilities Available Yes

Lot Frontage 132.0

Lot Depth 171.37

Building

Building Age 16-30

Others

Security Features No

ParcelsYN No

Listed by REALTY EXECUTIVES Local Group Inc. Brokerage

NEARBY SCHOOLS & PROPERTIES

Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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510 Valois DR

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