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For Sale · Multifamily

UNIT # 6 - 154 ELGIN STREET, Mississippi Mills

UNIT # 6 - 154 ELGIN STREET, Mississippi Mills, ON K0A1A0

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

99%

About this property

Welcome to Unit 6 at 154 Elgin Street in beautiful Almonte! This spacious 1 bedroom + den and 1 Bathroom approximately 1,200 sq. ft. apartment offers a comfortable blend of character, convenience, and modern living in an ideal location. The thoughtfully designed one-bedroom plus den layout provides plenty of space for a home office, guest area, or additional living space. Beautiful hardwood and tile flooring throughout adds warmth and durability, while the well-equipped kitchen includes a refrigerator, stove, dishwasher, and microwave. For added convenience, the apartment also includes a washer and dryer and features a private deck, perfect for enjoying your morning coffee or relaxing outdoors. Enjoy the best of Almonte right outside your door. This Quiet Unit is within walking distance of the Ottawa Valley Rail Trail, Mississippi River, Gemmill Park, local shops and restaurants, and seasonal markets. Whether you're looking to enjoy the outdoors, explore downtown, or simply take advantage of the community's small-town charm, this location offers exceptional convenience. with Hardwood and tile flooring, Refrigerator, stove, dishwasher & microwave included, Washer & dryer included, Private deck, One outdoor parking space included, Additional parking available for $50/month, Pets under 30 lbs permitted, subject to conditions, Tenant Pays Natural Gas, hydro and hot water tank rental (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

46,974

Households

16,407

Median income

$134,000

Median age

39.4

Daytime population

71,141

5-yr growth

1.6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for UNIT # 6 - 154 ELGIN STREET, Mississippi Mills.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.