Ottawa & Eastern OntarioNicolas Sigounis, REALTOR® · EXIT Realty Matrix, Brokerage

322 Honeyborne Street Mississippi Mills, Ontario K0A 1A0

34,208 sqft
None Hot Water Radiator Heat

$6,450,000

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. (id:67947)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X13778962
Property Type Multi-family
Community Name 911 - Almonte
Features Elevator

Building

Appliances Dishwasher
Cooling Type None
Heating Fuel Natural Gas
Heating Type Hot Water Radiator Heat
Size Exterior 34207.67 Sqft
Size Interior 34,208 Sqft
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Size Depth 216 Ft ,5 In
Size Frontage 159 Ft ,3 In
Size Irregular Bldg=159.26 X 216.48 Ft
Size Total Text Bldg=159.26 X 216.48 Ft
Zoning Description Residential Fourth Density (r4)

https://www.realtor.ca/real-estate/30273183/322-honeyborne-street-mississippi-mills-911-almonte

Nicolas Sigounis, REALTOR®

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Nicolas SigounisREALTOR® · EXIT Realty Matrix, Brokerage

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Listing courtesy of Edmundo Roa, Exp Realty

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Estimate only. This is not a rate offer or a mortgage approval. Payments use Canadian semi-annual compounding. Insurance premiums, taxes and rates can change, and legal fees, adjustments and other closing costs are not included. Confirm your numbers with your lender.