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Est. payment | /mo
34,207 SqFt
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Est. payment | /mo
34,207 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 34,207 sqft
Subdivision 911 - Almonte
MLS Listing ID X13778962
Annual Tax Amount $51,421
Tax Year 2025
Property Sub-Type Investment
Property Description
Attention Investors! A purpose-built 24-unit apartment building completed in 2020, located in the growing community of Almonte, approximately 20 minutes west of Kanata and 40 minutes from downtown Ottawa. This modern three-storey asset offers a practical unit mix comprising 17 two-bedroom, 2 one-bedroom and 5 three-bedroom units, along with elevator service. Units range from approximately 650 to 955 sq. ft. and feature efficient, open-concept layouts, laminate flooring, a fridge, stove, dishwasher, ERV and window coverings. Coinamatic laundry facilities are conveniently located on every floor. Designed for efficient operation and management, tenants pay hydro while the landlord pays heat and water. The property provides approximately 30 tenant parking spaces, 5 visitor spaces and additional street parking. Other features include controlled entry, an intercom and camera-monitored common areas. Completed and first occupied in 2020, the building is not subject to Ontario's annual rent-increase guideline. Ideally situated within walking distance of shopping, restaurants, parks and essential services, the property benefits from its location in Mississippi Mills, which experienced 12% population growth between 2016 and 2021, as well as convenient access to Kanata and Ottawa. A modern multifamily investment offering strong fundamentals, durable construction and long-term income potential.
Location
State ON
County Lanark
Area Lanark
Zoning Residential Fourth Density (R4)
Interior
Cooling No
Inclusions 24 Fridges, 24 Stoves, 24 Dishwashers, HVAC Equipment, Gazebo & Picnic Table (as is)
Exterior
Utilities Available Yes
Lot Frontage 159.26
Lot Depth 216.48
Others
ParcelsYN No
Virtual Tour https://www.honeyborneapartments.com/
Listed by EXP REALTY