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322 Honeyborne Street

$6,500,000

For Sale

MLS # X12757566

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Property Type

Commercial

Bedrooms

0

Bathrooms

0

Square Footage

N/A

Building Age

N/A

Time on Market

72 Days

Description

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 Summary

Building Type

Investment

Land Size

53.29 x 71.81 feet

Storeys

N/A

Property Tax - 2025

$51421.56

Address

Address

322 Honeyborne Street

City

Mississippi Mills

Postal Code

K0A 1A0

Province

Ontario

Community Name

911 - Almonte

Country

Canada

Details

Building Overview

Bedrooms & Bathrooms

  • Total Bedrooms - 0
  • Total Bathrooms - 0

Interior

Exterior

Heating & Cooling

  • Heat Type - Gas Hot Water
  • Heat Source - Unknown
  • Cooling Source - No

Utilities

  • Water Service - Municipal
  • Sewer Service - Unknown

Rooms Overview

Room Floor Dimensions Features
No room data available for this listing

Land Overview

Lot Dimensions

53.29 x 71.81 Metres

Property Features

Shoreline

Questions?

Interested in scheduling a viewing? Or just have some questions about the listing? Let us know!

EXP REALTY

Brokerage

343 PRESTON STREET, 11TH FLOOR

OTTAWA, ON, K1S1N4

866-530-7737

Disclaimer

Listing data is copyrighted by the Toronto Regional Real Estate Board. It is intended solely for consumers with a genuine interest in the purchase, sale, or lease of real estate and may not be used for any commercial or unrelated purposes. While the information is believed to be reliable, accuracy is not guaranteed by Toronto Regional Real Estate Board or Brick & Noble. No representations or warranties, express or implied, are made by Brick & Noble or its affiliates as to the accuracy or completeness of the information shown. Data is deemed reliable but not guaranteed and should be independently verified.