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Wednesday, October 7th, 2026

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$6,450,000
Available - For Sale
Listing ID: X13778962
Attention Investors! A purpose-built 24-unit apartment building completed in 2020, located in the growing community of Almonte, approximately 20 minutes west of Kanata and 40 minutes from downtown Ottawa. This modern three-storey asset offers a practical unit mix comprising 17 two-bedroom, 2 one-bedroom and 5 three-bedroom units, along with elevator service. Units range from approximately 650 to 955 sq. ft. and feature efficient, open-concept layouts, laminate flooring, a fridge, stove, dishwasher, ERV and window coverings. Coinamatic laundry facilities are conveniently located on every floor. Designed for efficient operation and management, tenants pay hydro while the landlord pays heat and water. The property provides approximately 30 tenant parking spaces, 5 visitor spaces and additional street parking. Other features include controlled entry, an intercom and camera-monitored common areas. Completed and first occupied in 2020, the building is not subject to Ontario's annual rent-increase guideline. Ideally situated within walking distance of shopping, restaurants, parks and essential services, the property benefits from its location in Mississippi Mills, which experienced 12% population growth between 2016 and 2021, as well as convenient access to Kanata and Ottawa. A modern multifamily investment offering strong fundamentals, durable construction and long-term income potential.
Price $6,450,000
Taxes: $51,421.56
Tax Type: Annual
Occupancy by: Tenant
Address: 322 Honeyborne Street , Mississippi Mills, K0A 1A0, Lanark
Postal Code: K0A 1A0
Province/State: Lanark
Legal Description: PART BLOCK 2, PLAN 27M80, PART 1 ON 27R1
Directions/Cross Streets: Conc 11A and Honeyborne
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - Over 20 Units
Building Percentage: T
Total Area: 34,207.67
Total Area Code:  Square Feet
Maintenance: 0
Net Income Before Debt: $312366
Expenses Actual/Estimated: $Act
Heat Type: Gas Hot Water
Central Air Conditioning: No
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EXP REALTY

322 Honeyborne Street , Mississippi Mills, K0A 1A0, Lanark

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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Type: Com - Investment
Area: Lanark
Municipality: Mississippi Mills
Neighbourhood: 911 - Almonte
Style:
Lot Size: x 216.48(Feet)
Approximate Age:
Tax: $51,421.56
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com