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    For Sale - 322 Honeyborne Street, Mississippi Mills, Ontario

    Est payment $31,212/mo
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    Views   3
    Time on Jump  145 day

    AI Summary *

    • Newly built 24-unit apartment building completed in 2020 for modern living.
    • Diverse unit mix of two, one, and three-bedroom options for various needs.
    • Convenient elevator access and laundry facilities on every floor.
    • Ample parking with approximately 30 spaces and nearby street options.
    • Walkable location near grocery stores, restaurants, parks, and essential services.




    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.
    Listing IDX12757566
    Address322 Honeyborne Street
    CityMississippi Mills, Ontario
    Price$6,500,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Hot Water

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    Listing Agency:  EXP REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    322 Honeyborne Street
    Mississippi Mills , Ontario
    $6,500,000
    Get more info