510 Valois Drive

Mattawa, ON

8 bath
6,142 sqft
Investment
46 days on market

$999,900

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 replaced Aug 2026 with new skylights and venting also. 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.

Listing Details

Taxes (2025): $8,291
Listed: August 4, 2026

Price History

Listing history

Property

Age: 16-30
Lot Size: 132 x 171.37 Feet

Parking

Garage: Double Detached

Location & Legal

Cross Street: Champlain St.
Zoning: Residential Type 2 (R2-26)
Parcel Number: 491020511
Possession: Immediate
Occupancy: Tenant

Commercial

Business Type: Apts - 6 To 12 Units
Office / Apartment Area: 6142 Sq Ft

Included

Inclusions: 8 fridges, 8 stoves, coin op laundry, Carbon Monoxide Detector, Smoke Detector
Rental Items: 2 On Demand Water Heaters

Community

Postal area P0H

Population: 31,909
Private dwellings: 17,044
Median age: 50.8
Average household size: 2.4
Median household income: $80,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Mattawa · last 12 months

Median sold price: $315,000
Homes sold: 21
Median days on market: 61
Sale-to-list price: 96.6%

Based on 21 recorded sales of commercial properties in Mattawa over the last 12 months.

Listed by

REALTY EXECUTIVES Local Group Inc. Brokerage

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 6,142 sq ft
Price per sq ft: $162.80
Annual property tax: $8,291
Tax per sq ft: $1.35

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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