$774,900
FOR SALE

Fourplex 2-Storey

Bedrooms: 4Bathrooms: 4Lot: 102.97 x 94.93 ft
2025 Taxes: $4,835.98

186 Water St
Mississippi Mills, ON K0A 1A0 | 911 - Almonte | 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.
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Listed By TRU REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13055398
Last Updated May 27, 2026
Property Summary
Property Type Fourplex

More like this:
PIN 050990093
Legal Description PT LT 93 SEC ANDERSON PL 6262 LANARK N RAMSAY; PT LT 94 SEC ANDERSON PL 6262 LANARK N RAMSAY AS IN RN22057 ; TOWN MISSISSIPPI MILLS
Possession Date TO BE ARRANGED
Taxes (2025) $4,835.98
Directions/Cross Streets Queen and Water
Neighbourhood 911 - Almonte
Area Lanark
Price History

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Detailed Information
Fronting On South
Special Designations Unknown
Bedrooms 4
Bathrooms 4
Lot 102.97 x 94.93 ft
Exterior Vinyl Siding
Air Conditioning None
Basement Full, Unfinished
Garage Type None
Parking Spaces 5
Heat Source Electric
Heat Type Baseboard
Sewers Sewer

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