MLS#: X13055398Listed: about 3 hours agoUpdated:about 3 hours ago
Description
Well-maintained 4-unit multiplex offering strong, stable income with a 6.3% cap rate. Each unit features a functional one-bedroom layout, appealing to reliable long-term tenants, and the property is fully leased, providing immediate cash flow. Ample parking includes five spaces-one dedicated per unit plus a convenient guest spot.Ideally positioned, the property boasts scenic views of the Almonte Fairgrounds and the nearby river, adding to its tenant appeal and long-term desirability. The setting combines small-town charm with walkable access to local amenities, making it an attractive rental location.This is a turnkey investment opportunity with consistent performance, low vacancy risk, and future upside potential. Perfect for investors seeking a manageable multi-unit property in a desirable and growing community. (id:58075)
Details
Details for 186 Water Street, Mississippi Mills, Ontario
Property Type
Multi Family
Building Type
Fourplex
Storeys
2
Neighborhood
911 - Almonte
Land Size
103 x 94.9 FT
Year Built
-
Annual Property Taxes
$4,836
Parking Type
No Garage
Inside
Appliances
Washer, Refrigerator, Stove, Dryer, Storage Shed
Rooms
19
Bedrooms
4
Bathrooms
4
Fireplace
-
Fireplace Total
-
Basement
Unfinished, Full
Building
Architecture Style
-
Direction
Cross Streets: Queen and Water. ** Directions: From Route 16A, Slight right onto Queen St, Turn left onto Water St (across from fairgrounds).
Type of Dwelling
fourplex
Roof
-
Exterior
Vinyl siding
Foundation
Concrete
Flooring
-
Land
Sewer
Sanitary sewer
Lot Size
103 x 94.9 FT
Zoning
-
Zoning Description
R2
Parking
Features
No Garage
Total Parking
5
Utilities
Cooling
None
Heating
Baseboard heaters, Electric
Water
Municipal water
Feature Highlights
Community
-
Lot Features
Irregular lot size
Security
Smoke Detectors
Pool
-
Waterfront
-
Rooms
Rooms for 186 Water Street, Mississippi Mills, Ontario