




This 15-bedroom, 8-bathroom multi-family in Mattawa offers 6,142 sqft of living area on a 0.4 ac lot. 2 storeys. The property has lot dimensions of 0.4. The home features forced air, natural gas heating, fully air conditioned, a other, see remarks basement. Highlights include a 2-car garage.
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:60351)
8 fridges, 8 stoves, coin op laundry, Carbon Monoxide Detector, Smoke Detector
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| Date | Event | MLS# | Price | Change |
|---|---|---|---|---|
| Jan 20, 2026 | Listed For Sale | X12717242 | $999,900 | — |
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Listed by MIKE BURMAN, REALTY EXECUTIVES Local Group Inc. Brokerage
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Listing represented by MIKE BURMAN, REALTY EXECUTIVES Local Group Inc. Brokerage · MLS# X12717242
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.