322 Honeyborne Street, Mississippi Mills, ON K0A 1A0
$6,800,000
322 Honeyborne Street, Mississippi Mills, ON K0A 1A0, Mississippi Mills, ON
34207.67 sqft
Purpose-built 24-unit apartment building completed in 2020, located in the growing community of Almonte, approximately 20 minutes west of Ottawa. This modern three-storey asset features a strong and practical unit mix comprised of 17 two-bedroom units, 2 one-bedroom units, and 5 three-bedroom units, and is serviced by an elevator, making it attractive to a broad range of tenants and long-term demographic demand.Suites range from approximately 650 to 955 square feet and feature efficient, open-concept layouts. Units are finished with laminate flooring, are equipped with fridge, stove, dishwasher, and window coverings. Coinamatic's modern laundry facilities are conveniently located on every floor.From an operational standpoint, the property is designed for efficiency and ease of management. Tenants pay hydro, while the landlord pays gas heat, water, and sewer. The site offers approximately 30 parking spaces plus 5 visitor parking, with additional street parking available. Security features include controlled entry with intercom and camera-monitored common areas.As a newer construction, the property has benefited from favourable property tax treatment applicable to new multi-residential rental developments, subject to municipal tax classifications. In addition, as a post-2018 construction, the building benefits from rent control exemption, providing meaningful long-term income growth potential.Ideally situated within walking distance to grocery stores, pharmacies, restaurants, banks, parks, coffee shops, and essential services, the property benefits from Almonte's continued population growth and proximity to Ottawa's west end.A modern, scalable multifamily asset offering strong fundamentals, durable construction, and long-term stability in a supply-constrained rental market.
Property Highlights
For Sale
MLS NO.
X12757566
Type
Commercial
Sub Type
Investment
Square Footage
34207.67 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12757566
Lot Width
53.29
Garage Type
Outside/Surface
Cooling
No
Heat Type
Gas Hot Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
322 Honeyborne Street, Mississippi Mills, ON K0A 1A0
City
Mississippi Mills
Neighbourhood
911 - Almonte
County / Region
Lanark
Province / State
ON
Postal Code
K0A 1A0
Cross Street
Conc 11A and Honeyborne
Directions
From Ottawa, West on Hwy49 to Almonte, right on Conc 11A and left onto Honeyborne
Country
CA
List Price
$6,800,000
Annual Taxes
$51,422
Tax Year
2025
Legal Description
PART BLOCK 2, PLAN 27M80, PART 1 ON 27R11050 SUBJECT TO AN EASEMENT AS IN LC181938 SUBJECT TO AN EASEMENT IN GROSS AS IN LC181939 SUBJECT TO AN EASEMENT AS IN LC181941 SUBJECT TO AN EASEMENT AS IN LC181951 MUNICIPALITY OF MISSISSIPPI MILLS
Possession Type
Flexible
Possession Details
TBD
Listing Office
EXP REALTY
Board
Ottawa Real Estate Board
Original Entry
2026-02-04T15:53:51Z
Media Updated
2026-02-04T15:53:51Z
Photos Updated
2026-02-04T15:53:51Z
Last Modified
2026-02-06T15:10:14Z
System Modified
2026-02-06T15:10:14.509598Z
MLS Status
New
Co List Office Name
EXP REALTY
Ddfyn
Yes
Expiration Date
2026-07-31
Heat Type Multi
Gas Hot Water
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
050890814
Public Remarks
Purpose-built 24-unit apartment building completed in 2020, located in the growing community of Almonte, approximately 20 minutes west of Ottawa. This modern three-storey asset features a strong and practical unit mix comprised of 17 two-bedroom units, 2 one-bedroom units, and 5 three-bedroom units, and is serviced by an elevator, making it attractive to a broad range of tenants and long-term demographic demand.Suites range from approximately 650 to 955 square feet and feature efficient, open-concept layouts. Units are finished with laminate flooring, are equipped with fridge, stove, dishwasher, and window coverings. Coinamatic's modern laundry facilities are conveniently located on every floor.From an operational standpoint, the property is designed for efficiency and ease of management. Tenants pay hydro, while the landlord pays gas heat, water, and sewer. The site offers approximately 30 parking spaces plus 5 visitor parking, with additional street parking available. Security features include controlled entry with intercom and camera-monitored common areas.As a newer construction, the property has benefited from favourable property tax treatment applicable to new multi-residential rental developments, subject to municipal tax classifications. In addition, as a post-2018 construction, the building benefits from rent control exemption, providing meaningful long-term income growth potential.Ideally situated within walking distance to grocery stores, pharmacies, restaurants, banks, parks, coffee shops, and essential services, the property benefits from Almonte's continued population growth and proximity to Ottawa's west end.A modern, scalable multifamily asset offering strong fundamentals, durable construction, and long-term stability in a supply-constrained rental market.
