322 Honeyborne Street Mississippi Mills, Ontario K0A 1A0

$6,450,000

Attention Investors! A purpose-built 24-unit apartment building completed in 2020, located in the growing community of Almonte, approximately 20 minutes west of Kanata and 40 minutes from downtown Ottawa. This modern three-storey asset offers a practical unit mix comprising 17 two-bedroom, 2 one-bedroom and 5 three-bedroom units, along with elevator service. Units range from approximately 650 to 955 sq. ft. and feature efficient, open-concept layouts, laminate flooring, a fridge, stove, dishwasher, ERV and window coverings. Coinamatic laundry facilities are conveniently located on every floor. Designed for efficient operation and management, tenants pay hydro while the landlord pays heat and water. The property provides approximately 30 tenant parking spaces, 5 visitor spaces and additional street parking. Other features include controlled entry, an intercom and camera-monitored common areas. Completed and first occupied in 2020, the building is not subject to Ontario's annual rent-increase guideline. Ideally situated within walking distance of shopping, restaurants, parks and essential services, the property benefits from its location in Mississippi Mills, which experienced 12% population growth between 2016 and 2021, as well as convenient access to Kanata and Ottawa. A modern multifamily investment offering strong fundamentals, durable construction and long-term income potential. (id:43934)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X13778962
Property Type	Multi-family
Neigbourhood	Almonte
Community Name	911 - Almonte
Features	Elevator

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 Sqft
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	216 Ft ,5 In
Size Frontage	159 Ft ,3 In
Size Irregular	Bldg=159.26 X 216.48 Ft
Size Total Text	Bldg=159.26 X 216.48 Ft
Zoning Description	Residential Fourth Density (r4)

https://www.realtor.ca/real-estate/30273183/322-honeyborne-street-mississippi-mills-911-almonte