Just Listed
Address
322 Honeyborne Street, Mississippi Mills, ON
Price
$ 6,450,000

Your Agent

Anis Al-Serri

REALTOR®

613-706-6710


Listing provided by Anis Al-Serri, REALTOR®, REMAX Hallmark Realty Group

Property Attributes
  • ID#X13778962
  • TypeCommercial
  • Listing Status New
  • CityMississippi Mills
  • Area911 - Almonte
  • Neighbourhood911 - Almonte
  • Postal CodeK0A 1A0
  • StyleApts - Over 20 Units
  • Taxes$ 51421
  • Price$ 6,450,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage34207
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

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 History
9/14/2026 Listed $6,450,000

General Features

Cooling No
Utilities Yes
Heater Type Gas Hot Water
Expenses Actual
Property Subtype Investment
Tax Year 2025
Lot Depth 216.48
Business Type Apts - Over 20 Units
County Lanark
Net Operating Income 312366.27
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status New
City Mississippi Mills
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 51421.56
Virtual Tour https://www.honeyborneapartments.com/
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
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 LC18

Interior Features

Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Elevator? No

Exterior Features

Garage Type Outside/Surface
Spa No
Building Area Total 34207.67
Lot Size Source MPAC
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in K0A 1A0

Price
AVG $240K
$6.45M

Your Agent

Anis Al-Serri

REALTOR®

613-706-6710


Listing provided by Anis Al-Serri, REALTOR®, REMAX Hallmark Realty Group

Listed By
EXP REALTY

Areas We Cover