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Lilac & Main 36 Main St E 13 Unit Apartment Building $5,179,380 USD ($398,414 USD/Unit) 5.24% Cap Rate Mississippi Mills, ON K0A 1A0
INVESTMENT HIGHLIGHTS
- Tasteful, modern construction and design with large windows, high ceilings
- Prime downtown location within walking distance to the Almonte’s largest employer
- Featuring views overlooking the Mississippi River and beautiful downtown heritage architecture.
EXECUTIVE SUMMARY
Modern luxury meets unbeatable location with this prime investment opportunity in vibrant downtown Mississippi Mills / Almonte!
This stunning 2024-built property boasts 13 tastefully designed units offering modern finishes, high ceilings, and breathtaking views overlooking the Mississippi River and the charming heritage architecture of downtown Almonte.
Prime downtown location places your tenants within walking distance of everything they need. Almonte General Hospital, major shopping centers, grocery stores, and popular event centers are all just steps away. Additionally, the property directly abuts the Ottawa Valley Rail Trail, a multi-use pathway perfect for cyclists, walkers, and outdoor enthusiasts.
This stunning 2024-built property boasts 13 tastefully designed units offering modern finishes, high ceilings, and breathtaking views overlooking the Mississippi River and the charming heritage architecture of downtown Almonte.
Prime downtown location places your tenants within walking distance of everything they need. Almonte General Hospital, major shopping centers, grocery stores, and popular event centers are all just steps away. Additionally, the property directly abuts the Ottawa Valley Rail Trail, a multi-use pathway perfect for cyclists, walkers, and outdoor enthusiasts.
PROPERTY FACTS
| Price | $5,179,380 USD | Apartment Style | Low-Rise |
| Price Per Unit | $398,414 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 5.24% | Building Size | 21,592 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | ||
| Zoning | R2 - Residential Second Density Zone | ||
| Price | $5,179,380 USD |
| Price Per Unit | $398,414 USD |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 21,592 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | R2 - Residential Second Density Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Yard
- Basement
- Island Kitchen
SITE AMENITIES
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 9 | - | - |
| 2+1 | 3 | - | - |
| 1+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (84)
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Lilac & Main | 36 Main St E
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