322 Honeyborne ST, Mississippi Mills, ON K0A 1A0
322 Honeyborne ST, Mississippi Mills, ON K0A 1A0
322 Honeyborne ST, Mississippi Mills, ON K0A 1A0
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Tyler Verheul

Tyler Verheul

+1(613) 797-0208
$6,500,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 911 - Almonte

MLS Listing ID X12757566

Annual Tax Amount $51,421

Tax Year 2025

Property Sub-Type Investment

Property Description

Purpose-built 24-unit apartment building completed in 2020, located in the growing community of Almonte, approximately 20 minutes west of Ottawa. This modern three-storey asset features a strong and practical unit mix comprised of 17 two-bedroom units, 2 one-bedroom units, and 5 three-bedroom units, and is serviced by an elevator, making it attractive to a broad range of tenants and long-term demographic demand.Suites range from approximately 650 to 955 square feet and feature efficient, open-concept layouts. Units are finished with laminate flooring, are equipped with fridge, stove, dishwasher, and window coverings. Coinamatic's modern laundry facilities are conveniently located on every floor.From an operational standpoint, the property is designed for efficiency and ease of management. Tenants pay hydro, while the landlord pays gas heat, water, and sewer. The site offers approximately 30 parking spaces plus 5 visitor parking, with additional street parking available. Security features include controlled entry with intercom and camera-monitored common areas.As a newer construction, the property has benefited from favourable property tax treatment applicable to new multi-residential rental developments, subject to municipal tax classifications. In addition, as a post-2018 construction, the building benefits from rent control exemption, providing meaningful long-term income growth potential.Ideally situated within walking distance to grocery stores, pharmacies, restaurants, banks, parks, coffee shops, and essential services, the property benefits from Almonte's continued population growth and proximity to Ottawa's west end.A modern, scalable multifamily asset offering strong fundamentals, durable construction, and long-term stability in a supply-constrained rental market.

Location

Province ON

County Lanark

Area Lanark

Zoning Residential Fourth Density (R4)

Interior

Cooling No

Inclusions 24 Fridges, 24 Stoves, 24 Dishwashers, HVAC Equipment, Gazebo & Picnic Table (as is)

Exterior

Parking Features Outside/Surface

Utilities Available Yes

Building

Lot Description Building

Others

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Tyler Verheul

More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

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322 Honeyborne ST

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