186 Water Street, Mississippi Mills, ON
Description
Property Highlights
Welcome to this remarkable ["2-Storey"] fourplex located in the coveted neighborhood of 911 - Almonte. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $774,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 102.97 x 94.93 ft lot
- Features a ["full", "unfinished"] basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- equipped with ["none"] central cooling and highly efficient baseboard heating via electric
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.
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Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Separate Hydro Meter
Security Features
Smoke Detector
Community Features
Location
Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 186 Water Street, Mississippi Mills, ON K0A 1A0
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Properties in this area are selling at a steady pace.
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