322 Honeyborne Street Mississippi Mills, Ontario K0A 1A0

$6,800,000

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. (id:43934)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12757566
Property Type	Multi-family
Neigbourhood	Almonte
Community Name	911 - Almonte

Building

Appliances	Dishwasher
Cooling Type	None
Heating Fuel	Natural Gas
Heating Type	Hot Water Radiator Heat
Size Exterior	34207.67 Sqft
Size Interior	34,208 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	71.81 M
Size Frontage	53.29 M
Size Irregular	Bldg=53.29 X 71.81 M
Size Total Text	Bldg=53.29 X 71.81 M
Zoning Description	Residential Fourth Density (r4)

https://www.realtor.ca/real-estate/29322930/322-honeyborne-street-mississippi-mills-911-almonte