322 Honeyborne Street
Mississippi Mills, ON
- 34,207 sqft
- Investment
- 214 days on market
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $51,422
- Originally Listed
- $6,800,000
- Listed
- February 2, 2026
Price History
Property
- Lot Size
- 53.29 x 71.81 Metres
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Conc 11A and Honeyborne
- Zoning
- Residential Fourth Density (R4)
- Parcel Number
- 050890814
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - Over 20 Units
Included
- Inclusions
- 24 Fridges, 24 Stoves, 24 Dishwashers, HVAC Equipment, Gazebo & Picnic Table (as is)
- Exclusions
- Tenants Belongings including window coverings and any portable air conditioners
- Rental Items
- Laundry Machines - Coinamatic
Community
Postal area K0A
- Population
- 111,626
- Private dwellings
- 43,737
- Median age
- 44
- Average household size
- 2.6
- Median household income
- $115,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Mississippi Mills · last 12 months
- Median sold price
- $655,000
- Homes sold
- 215
- Median days on market
- 30
- Sale-to-list price
- 97.7%
Based on 215 recorded sales of commercial properties in Mississippi Mills over the last 12 months.
Listed by
EXP REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 34,207 sq ft
- Price per sq ft
- $190.02
- Annual property tax
- $51,422
- Tax per sq ft
- $1.50
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?