5-7 Bridge Street, Mississippi Mills, ON K0A 1A0
Mississippi Mills, ON, K0A 1A0 · 911 - Almonte
About this property
A rare opportunity to own a legal fourplex on the waterfront in the heart of downtown Almonte. Filled with charm and character, this distinctive property features soaring ceilings with beautiful tin and architectural details that reflect its history, creating spaces with a warmth and personality rarely found in an investment property. Fully tenanted, the building offers three 2-bedroom apartments and one 1-bedroom apartment, each with its own unique layout and character.Set directly on the Mississippi River, tenants can enjoy a waterfront patio and outdoor space while being just steps from Almonte's shops, cafés, restaurants and vibrant downtown. Five tenant parking spaces plus visitor parking are an exceptional advantage in this sought-after downtown location. Each apartment is separately metered for hydro, with tenants paying their own electricity. Unit 1 also features in-suite laundry, with owned coin-operated laundry available for the other units.The property has benefited from significant investment and improvements over the years, including renovated kitchens and bathrooms, a gas furnace installed in 2023, two owned hot water tanks in 2025, driveway resurfacing in 2025 and substantial retaining wall and shoreline work. The individual apartments have also seen thoughtful updates while retaining the character that makes this building so appealing.Whether you're looking to expand an investment portfolio or acquire a truly distinctive income property, opportunities combining four established residential units, private parking, historic character, downtown walkability and direct waterfront are exceptionally difficult to replicate. More than an income property, this is a chance to own a special piece of Almonte-generating income today while holding an irreplaceable waterfront asset for the future.
Features & Amenities
- Basement: Separate Entrance
- Garage: None
- Cooling: None
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Brick, Other
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 7 |
| Bathrooms | 4 |
| Basement | Separate Entrance |
| Garage | None |
| Parking Spaces | 8 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $6,013 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Hydro Meter
- Fireplace
- Yes
- Fireplace Features
- Natural Gas
Exterior Features
- Exterior Features
- Deck, Landscaped, Porch Enclosed
- Pool Features
- None
- Waterfront
- Yes
- Waterfront Features
- Dock, River Front, River Access, Motorboats Prohibited
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick, Other
- Foundation Details
- Stone
- Roof
- Tar and Gravel
- Basement
- Separate Entrance
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 8
- Parking Total
- 8.00
- Parking Features
- Reserved/Assigned
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 134.00
- Lot Width
- 61.72
Financial & Tax
- Tax Annual Amount
- $6,013
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- xTBD
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 24
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 7
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Lanark
- Cross Street
- Bridge and Water Street
- Directions
- 417 West to Exit 155 Almonte/March Rd. Turn Left at the lights and take March Rd West to Almonte. Straight through at traffic circle. Left at Martin Street (S) and veer right onto Queen Street past LCBO. This turns into Bridge Street.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, See Brokerage Remarks
Location
5-7 Bridge Street, Mississippi Mills, ON K0A 1A0, Mississippi Mills, ON, K0A 1A0