MLS#: X13679212Listed: about 2 hours agoUpdated:about 2 hours ago
Description
A rare opportunity to own a legal fourplex on the waterfront in the heart of downtown Almonte. Filled with charm and character, this distinctive property features soaring ceilings with beautiful tin and architectural details that reflect its history, creating spaces with a warmth and personality rarely found in an investment property. Fully tenanted, the building offers three 2-bedroom apartments and one 1-bedroom apartment, each with its own unique layout and character.Set directly on the Mississippi River, tenants can enjoy a waterfront patio and outdoor space while being just steps from Almonte's shops, cafés, restaurants and vibrant downtown. Five tenant parking spaces plus visitor parking are an exceptional advantage in this sought-after downtown location. Each apartment is separately metered for hydro, with tenants paying their own electricity. Unit 1 also features in-suite laundry, with owned coin-operated laundry available for the other units.The property has benefited from significant investment and improvements over the years, including renovated kitchens and bathrooms, a gas furnace installed in 2023, two owned hot water tanks in 2025, driveway resurfacing in 2025 and substantial retaining wall and shoreline work. The individual apartments have also seen thoughtful updates while retaining the character that makes this building so appealing.Whether you're looking to expand an investment portfolio or acquire a truly distinctive income property, opportunities combining four established residential units, private parking, historic character, downtown walkability and direct waterfront are exceptionally difficult to replicate. More than an income property, this is a chance to own a special piece of Almonte-generating income today while holding an irreplaceable waterfront asset for the future. (id:58075)
Details
Details for 5 7 Bridge Street, Mississippi Mills, Ontario
Property Type
Multi Family
Building Type
Fourplex
Storeys
2
Neighborhood
911 - Almonte
Land Size
61.7 x 134 FT
Year Built
-
Annual Property Taxes
$6,013
Parking Type
No Garage
Inside
Appliances
Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Microwave, Water Heater
Rooms
14
Bedrooms
7
Bathrooms
4
Fireplace
-
Fireplace Total
1
Basement
Separate entrance, N/A
Building
Architecture Style
-
Direction
Cross Streets: Bridge and Water Street. ** Directions: 417 West to Exit 155 Almonte/March Rd. Turn Left at the lights and take March Rd West to Almonte. Straight through at traffic circle. Left at Martin Street (S) and veer right onto Queen Street past LCBO. This turns into Bridge Street.
Type of Dwelling
fourplex
Roof
-
Exterior
Brick
Foundation
Stone
Flooring
-
Land
Sewer
Sanitary sewer
Lot Size
61.7 x 134 FT
Zoning
-
Zoning Description
C3
Parking
Features
No Garage
Total Parking
8
Utilities
Cooling
None
Heating
Baseboard heaters, Forced air, Electric, Natural gas
Water
Municipal water
Feature Highlights
Community
-
Lot Features
Irregular lot size
Security
-
Pool
-
Waterfront
Waterfront on river
Rooms
Rooms for 5 7 Bridge Street, Mississippi Mills, Ontario