$1,049,000
Mississippi Mills
$1,049,000
Mississippi Mills
77 Brae Street, Mississippi Mills, Ontario, K0A1A0
This retail property in Mississippi Mills is for sale offering roughly 4,746 sq ft of space.
This versatile investment property offers both commercial and residential spaces in the heart of Mississippi Mills, a town celebrated for its rich heritage and vibrant community. The building features a commercial unit alongside three separate residential apartments: two upper one-bedroom units and one lower two-bedroom unit. Each apartment includes a full bathroom, while the commercial space is equipped with two half baths.Located within the Downtown Almonte Heritage Conservation District, the property benefits from the area's historic charm and architectural character. Its proximity to notable landmarks such as the Almonte Old Town Hall and the Mississippi River further highlights its unique setting.Its prime location provides easy access to local amenities, schools, and public transportation, enhancing its long-term desirability and value. Surrounded by a vibrant mix of residential and commercial properties, this building presents a strong investment opportunity with multiple income streams from both residential and commercial tenants. Its setting within a historically significant district further supports stable demand and future appreciation, making it a smart addition to any real estate portfolio. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 112 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.
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Approximate location — exact address confirmed upon showing
This home lists at $1,049,000, about 9.1× the local median household income of $115,000.
Carrying it typically needs a household income of about $204,906 (20% down, 25-yr amortization, stress-tested) — roughly 78% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0A)
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