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$1,799,000
Mississippi Mills
154 Elgin Street, Mississippi Mills, Ontario, K0A1A0
This multi-family property in Mississippi Mills is for sale offering roughly 6,000 sq ft of space.
JUST LISTED | Investment Opportunity Stunning 6-unit investment property located in the friendly and growing community of Almonte. This exceptional multi-residential building is within walking distance to parks, recreation, downtown shopping, and restaurants, offering tenants both convenience and lifestyle appeal. Meticulously maintained and showcasing true pride of ownership, several units have been extensively renovated, with the most recent updates completed in 2022. The quality workmanship and ongoing care make this property a standout opportunity for investors seeking stability and long-term value. Property Features:6 Apartment Units, Attached Three-Car Heated Garage, Ample Additional Parking, In-Unit Laundry, All-Inclusive Rents, Excellent Tenant Retention Potential. Unit Breakdown:1 x 1 Bedroom | 1 Bathroom, 2 x 1 Bedroom + Den | 1 Bathroom, 1 x 1 Bedroom + Den | 2 Bathrooms, 1 x 2 Bedroom | 2 Bathrooms, 1 x 3 Bedroom | 3 Bathrooms. Ideally positioned in one of the Ottawa Valley's most desirable small towns, this turnkey investment offers strong rental appeal, a high standard of maintenance, and peace of mind for any savvy investor. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 167 days on market, against an average age of 104 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 97.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This multi-family in Mississippi Mills is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,799,000, about 15.6× the local median household income of $115,000.
Carrying it typically needs a household income of about $351,408 (20% down, 25-yr amortization, stress-tested) — roughly 206% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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