510 Valois Drive
Mattawa, ON
- 15 bed
- 8 bath
- approx. 5000 + sqft
- Multiplex
- 46 days on market
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
Sign in to view
Property
- Style
- 2-Storey
- Age
- 16-30
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block, Stone
- Interior
- Water Heater
- Lot Size
- 132 x 171.37 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 2
- Total Parking
- 22
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Champlain St.
- Zoning
- Residential Type 2 (R2-26)
- Parcel Number
- 491020511
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 8 fridges, 8 stoves, coin op laundry, Carbon Monoxide Detector, Smoke Detector
- Rental Items
- 2 On Demand Water Heaters
Schools
Elementary
- F.J. McElligott Intermediate School0.4 km
Public · Near North DSB · 55 students
- Mattawa District Public School0.7 km
Public · Near North DSB · 115 students
Grade 3 reading: 46% met the provincial standard · Grade 6 math: 0% met the provincial standard
- École secondaire catholique Élisabeth-Bruyère1 km
French Catholic · CSDC Franco-Nord
Secondary
- F J McElligott Secondary School0.4 km
Public · Near North DSB · 115 students
Grade 10 literacy: 57% met the provincial standard
- École secondaire catholique Élisabeth-Bruyère1 km
French Catholic · CSDC Franco-Nord
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
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
Residential Freehold 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 residential freehold 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
Mortgage Calculator
$199,980
Estimated Monthly Payment
$4,912
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,912/mo (20% down, 5.5%)
Taxes: $691/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions This property offers 8 fully tenanted units and is zoned for up to 10 residential apartments.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?