Mirna Botros

613-600-2626

322 Honeyborne Street - $6,800,000

322 Honeyborne Street

$6,800,000

911 - Almonte

Mississippi Mills, OntarioK0A1A0

0 beds

0 baths

null parking

MLS#: X12757566Listed: 25 days agoUpdated:5 days ago

Description

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:58075)

Details

Details for 322 Honeyborne Street, Mississippi Mills, Ontario

Property Type: Multi Family
Building Type: Multi Family
Storeys: -
Neighborhood: 911 - Almonte
Land Size: Bldg=53.29 x 71.81 M
Year Built: -
Annual Property Taxes: $51,422
Parking Type: -

Inside

Appliances: Dishwasher
Rooms: -
Bedrooms: -
Bathrooms: 0
Fireplace: -
Fireplace Total: -
Basement: -

Building

Architecture Style: -
Direction: Cross Streets: Conc 11A and Honeyborne. ** Directions: From Ottawa, West on Hwy49 to Almonte, right on Conc 11A and left onto Honeyborne.
Type of Dwelling: multi_family
Roof: -
Exterior: -
Foundation: -
Flooring: -