$6,500,000
FOR SALE

Investment

Lot: 53.29 x 71.81 m
2025 Taxes: $51,421.56

322 Honeyborne St
Mississippi Mills, ON K0A 1A0 | 911 - Almonte | Lanark

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.
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Listed By EXP REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12757566
Last Updated Apr 24, 2026
Property Summary
Property Type Investment

More like this:
Use Apts - Over 20 Units
PIN 050890814
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 Date TBD
Taxes (2025) $51,421.56
Directions/Cross Streets Conc 11A and Honeyborne
Neighbourhood 911 - Almonte
Area Lanark
Price History

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Detailed Information
Freestanding Y
Lot 53.29 x 71.81 m
Air Conditioning No
Garage Type Outside/Surface
Heat Type Gas Hot Water
Survey Y

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