$799,900
Available - For Sale
Listing ID: X13055398
186 Water Street , Mississippi Mills, K0A 1A0, Lanark
| 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. |
| Price | $799,900 |
| Taxes: | $4835.98 |
| Occupancy: | Tenant |
| Address: | 186 Water Street , Mississippi Mills, K0A 1A0, Lanark |
| Directions/Cross Streets: | Queen and Water |
| Rooms: | 19 |
| Bedrooms: | 4 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Full, Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 15.48 | 14.99 | |
| Room 2 | Main | Dining Ro | 9.84 | 4.76 | |
| Room 3 | Main | Kitchen | 13.09 | 4.56 | |
| Room 4 | Main | Bedroom | 10.53 | 12.69 | |
| Room 5 | Main | Bathroom | 6.95 | 3.38 | |
| Room 6 | Main | Living Ro | 16.53 | 16.2 | |
| Room 7 | Main | Dining Ro | 10.79 | 4.99 | |
| Room 8 | Main | Kitchen | 11.97 | 6.53 | |
| Room 9 | Main | Bedroom | 9.77 | 11.55 | |
| Room 10 | Main | Bathroom | 7.08 | 4.53 | |
| Room 11 | Second | Living Ro | 17.06 | 14.99 | |
| Room 12 | Second | Kitchen | 5.22 | 12.99 | |
| Room 13 | Second | Bedroom | 10 | 12.66 | |
| Room 14 | Second | Bathroom | 6.53 | 4.56 | |
| Room 15 | Second | Living Ro |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Second |
| Washroom Type 2 | 3 | Main |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Fourplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| Drive Parking Spaces: | 5 |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 2500-3000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| TRU REALTY |
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|
Hala Elkilany
Sales Representative
Dir:
647-502-2121
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Lanark |
| Municipality: | Mississippi Mills |
| Neighbourhood: | 911 - Almonte |
| Style: | 2-Storey |
| Approximate Age: | 51-99 |
| Tax: | $4,835.98 |
| Beds: | 4 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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