Prime investment opportunity in vibrant Mississippi Mills / Almonte! Modern luxury meets unbeatable location with this stunning 2024-built investment property. Boasting 13 tastefully designed units (9 x 3-bedroom townhomes, 3 x 2-bedroom apartments, and 1 x 1-bedroom apartment) and offering modern finishes, high ceilings, and breathtaking views overlooking the Mississippi River and the charming heritage architecture of downtown Almonte. This prime downtown location places your tenants within walking distance of everything they need: Almonte General Hospital, the area's largest employer, major shopping centers, and popular downtown event centres are all just steps away. Additionally, the property directly abuts the Ottawa Valley Rail Trail, a multi-use pathway perfect for cyclists, walkers, and outdoor enthusiasts. Large windows, in-suite laundry, individually controlled heating and cooling, ample parking, and luxurious finishes will ensure happy tenants and strong rental income.
PARCEL U-1, SECTION M138 BLK U PLAN M138; SIT LT102477 PARTIALLY ABANDONED BY LT599599 SUBJECT TO LT102477, LT102479 NEPEAN
Occupancy
Owner
Possession Date
Immediate
Taxes (2023)
$30,928
Directions/Cross Streets
From Highway 417 take exit 155 for Ottawa 49/March Rd toward Almonte. Turn left on March Rd to head south toward Almonte. At the roundabout take the 2nd exit onto Ottawa St. Continue onto Main St. Property is on the right.
Neighbourhood
911 - Almonte
Area
Lanark
Price History
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lot
175 x 195 ft
Lot Irregularities
1
Parking Spaces
20
Gross Income/Sales
$445,200
Net Income Before Debt
$378,697
Water Expense
$7,800
Insurance Expense
$13,000
Operating Expenses
$66,503
Zoning
R2
Seller Property Info Statement
N
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