CASH FLOWING 4 PLEX This 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.
Address
186 Water Street
List Price
$699,900
MLS® Status
Sold Conditional
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Mississippi Mills
Sub-Area
911 - Almonte
Region
Lanark
Bedrooms
4
Bedrooms (Total)
4
Rooms Above Grade
19
Bathrooms
4
Floor Area
2500-3000 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
94.93
Lot Shape
Irregular
Lot Size Units
Feet
Lot Width
102.97
Parcel Number
050990093
Occupant Type
Tenant
Cross Street
Queen and Water
Approx. Age
51 - 99 Years
MLS® Number
X13540848
Listing Brokerage
TRU REALTY
Basement Area
Full, Unfinished
Postal Code
K0A 1A0
Posession Details
TBD
Parking Places (Total)
5
Parking Spaces
5
Tax Amount
$4,835.98
Tax Year
2025
Interior Features
Separate Hydro Meter
Cable
Available
Central Vacuum
No
Family Room
No
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active Under Contract
Board Or Association
Ottawa Real Estate Board
Heat Source
Electric
Heat Type
Baseboard
Cooling Features
None
Construction Materials
Vinyl Siding
Direction Faces
South
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Metal
Tax 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
Security Features
Smoke Detector
View Type
Meadow, Clear, River
Waterfront
No
Waterfront
Indirect
Water Body Type
River
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 4.72 x 4.57 | |
| Main | Dining Room | 3 x 1.45 | |
| Main | Kitchen | 3.99 x 1.39 | |
| Main | Bedroom | 3.21 x 3.87 | |
| Main | Bathroom | 2.12 x 1.03 | |
| Main | Living Room | 5.04 x 4.94 | |
| Main | Dining Room | 3.29 x 1.52 | |
| Main | Kitchen | 3.65 x 1.99 | |
| Main | Bedroom | 2.98 x 3.52 | |
| Main | Bathroom | 2.16 x 1.38 | |
| Second | Living Room | 5.2 x 4.57 | |
| Second | Kitchen | 1.59 x 3.96 | |
| Second | Bedroom | 3.05 x 3.86 | |
| Second | Bathroom | 1.99 x 1.39 | |
| Second | Living Room | ||
| Second | Kitchen | ||
| Second | Bedroom | ||
| Second | Bathroom | ||
| Lower | Laundry |
