For Sale · Mississippi Mills · Multi-family

$699,900

186 WATER STREET, Mississippi Mills

Beds

Baths

About This Home

The details.

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. (id:66635)

Summarizing the highlights...

MLS® X13540848Listing courtesy of TRU REALTYView on map Street view

Property Details

Facts & features.

Property type: Multi-family
Storeys: 2
Parking: 5 spaces
Listed on: 2026-07-02
Days on market: 13
MLS number: X13540848
Data source: Ottawa Real Estate Board

July Value

What this home is worth.

Calculating a July Value estimate...

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$3,273

$559,920 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$3,273

Cash flow

-$3,273

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Mississippi Mills right now

Active listings

New this week

$699,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Mississippi Mills.

Household and demographic stats for Mississippi Mills, from the Statistics Canada 2021 Census.

14,740
Population (2021): 50
Median age: 6,040
Households: 2.4
Avg household size: 83.2%
Home ownership: $100,000
Median household income

Mississippi Mills market trends

The immediate block around this home (right here): about 455 residents in 249 homes, 2,136 people/km² (urban).

Source: Statistics Canada 2021 Census, Mississippi Mills, Town, Ontario; block-level figures from dissemination area 35090111.

Schools

Nearby schools.

K-12 schools closest to this home, with straight-line distances.

Naismith Memorial Public School
public · elementary
810 m
Almonte District High School
public · secondary
820 m
Almonte Intermediate School
public · middle
860 m
Holy Name of Mary Separate School
catholic · elementary
920 m
R Tait McKenzie Public School
public · elementary
980 m

Source: Statistics Canada, Open Database of Educational Facilities. Distances are straight-line, not walking routes. Catchment boundaries change; always confirm with the school district.

Rental Market

Renting nearby.

Active rentals close to this home, for rent-versus-buy context and investors sizing up cash flow.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.