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186 Water Street, Mississippi Mills, ON K0A 1A0

Mississippi Mills, ON, K0A 1A0 · 911 - Almonte

4 Beds
4 Baths
Sq Ft
5 Parking
Fourplex Type
X13540848 MLS#

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
TBD

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

Listing courtesy of TRU REALTY
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