For Sale: 42 Bridge Street, Mississippi Mills, ON - REW
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$1,150,000
0 bd • ba • 6395 sf • Multifamily
42 Bridge Street
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$1,150,000
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42 Bridge StreetMississippi Mills, ON, K0A 1A0

  • 0 Bed
  • Bath
  • 6395 Sqft
  • Multifamily

About this home

Taken back to the studs in 2016 by the current owner, this eight-unit stone apartment building combines historic character with substantially updated building systems. Improvements include electrical, windows, kitchens, bathrooms, flooring, and a hydronic heating system with individual fan coil units serving each apartment. The unit mix includes three one-bedroom and five two-bedroom apartments. Each unit is separately metered and equipped with its own stove, fridge, washer, and dryer. For investors, the opportunity is in the income. The property has a strong history of occupancy with established tenants, while current rents remain below prevailing market levels. This creates meaningful embedded upside as units naturally turn over and rents are repositioned toward market rates. Rather than relying on major renovations or redevelopment, a new owner can progressively grow revenue while continuing to benefit from the existing income stream. Located in the heart of Almonte, this property is approximately 30 minutes from Ottawa and surrounded by the community's historic downtown, Mississippi River waterfront, shops, restaurants, galleries, and year-round attractions. Almonte's continued growth and proximity to Ottawa support ongoing demand from both residents and visitors. Additional value includes six assigned parking spaces with potential to create a seventh, plus substantial storage space in the unfinished lower level. A stabilized eight-unit investment with limited immediate capital requirements, established occupancy, and a clear path to increasing gross income through natural tenant turnover. The building works today, with considerable opportunity to improve performance over time. (id:63626)
Listed by: Deb Driscoll, Salesperson, Real Broker Ontario Ltd.

Home facts and features

Price details
List Price
$1,150,000
Get Pre-Approved
Gross Taxes for 2026
$14,609
Home facts
Bedrooms
0
Full Bathrooms
Parking Spaces
6
Property Type
Multifamily
Lot Size
40 ft x 0 ft (4423.95 acres)
Depth
Frontage
40.0 feet
Heating Type
Radiant heat
Features
Irregular lot size
Appliances
Dryer, Washer
Agent details
Primary Agent
Deb Driscoll
Primary Broker
Real Broker Ontario Ltd.
Secondary Agent
Luke Geleynse
Secondary Broker
Real Broker Ontario Ltd.
Tertiary Agent
Jaime Peca
Tertiary Broker
Real Broker Ontario Ltd.
Listing details
Days on REW
1 Day
MLS® Number
X13652100
Source
Canadian Real Estate Association
Board
Ottawa Real Estate Board
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Naismith Memorial Public School
  • Public
  • JK - 6
Almonte District High School
  • Public
  • 7 - 12
Holy Name of Mary School
  • Catholic
  • JK - 8
R Tait McKenzie Public School
  • Public
  • JK - 6
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Call Agent
Salesperson
Deb Driscoll
Phone:
(613) 489-2996
Office:
888-311-1172
Salesperson
Luke Geleynse
Phone:
(613) 227-3727
Office:
888-311-1172
Salesperson
Jaime Peca
Phone:
(613) 326-1818
Office:
888-311-1172
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