186 Water Street, Mississippi Mills, ON K0A 1A0
Mississippi Mills, ON, K0A 1A0 · 911 - Almonte
About this property
CASH FLOWING 4 PLEX This well-maintained 4-unit multiplex offering strong, stable income with a 6.3% cap rate. Each unit features a functional one-bedroom layout, appealing to reliable long-term tenants, and the property is fully leased, providing immediate cash flow. Ample parking includes five spaces-one dedicated per unit plus a convenient guest spot.Ideally positioned, the property boasts scenic views of the Almonte Fairgrounds and the nearby river, adding to its tenant appeal and long-term desirability. The setting combines small-town charm with walkable access to local amenities, making it an attractive rental location.This is a turnkey investment opportunity with consistent performance, low vacancy risk, and future upside potential. Perfect for investors seeking a manageable multi-unit property in a desirable and growing community.
Features & Amenities
- Basement: Full, Unfinished
- Garage: None
- Cooling: None
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Basement | Full, Unfinished |
| Garage | None |
| Parking Spaces | 5 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $4,836 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Hydro Meter
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Concrete
- Roof
- Metal
- Basement
- Full, Unfinished
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 5
- Parking Total
- 5.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 94.93
- Lot Width
- 102.97
Financial & Tax
- Tax Annual Amount
- $4,836
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- TBA
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 19
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 4
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Lanark
- Cross Street
- Queen and Water
- Directions
- From Route 16A, Slight right onto Queen St, Turn left onto Water St (across from fairgrounds)
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
186 Water Street, Mississippi Mills, ON K0A 1A0, Mississippi Mills, ON, K0A 1A0