For Sale: 322 Honeyborne Street, Mississippi Mills, ON - REW
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$6,500,000
0 bd • ba • 34207 sf • Multifamily
322 Honeyborne Street
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$6,500,000
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322 Honeyborne StreetMississippi Mills, ON, K0A 1A0

  • 0 Bed
  • Bath
  • 34207 Sqft
  • Multifamily

About this home

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:63626)
Listed by: Edmundo Roa, Salesperson, EXP REALTY OF CANADA INC.

Home facts and features

Price details
List Price
$6,500,000
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Gross Taxes for 2025
$51,422
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
71.81 M
Frontage
53.29 meters
Heating Type
Hot water radiator heat, Natural gas
Appliances
Dishwasher
Agent details
Primary Agent
Edmundo Roa
Primary Broker
EXP REALTY OF CANADA INC.
Listing details
Days on REW
139 Days
Property Views
27
MLS® Number
X12757566
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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25 Years
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3.99%

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Property Insights

R Tait McKenzie Public School
  • Public
  • JK - 6
Holy Name of Mary School
  • Catholic
  • JK - 8
Almonte District High School
  • Public
  • 7 - 12
Naismith Memorial Public School
  • Public
  • JK - 6
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Call Agent
Salesperson
Edmundo Roa
Phone:
(613) 864-5515
Office:
866-530-7737
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