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For Sale · Multifamily

76-78 MAIN STREET E, Mississippi Mills

76-78 MAIN STREET E, Mississippi Mills, ON K0A1A0

$799,900 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

84%

About this property

RARELY OFFERED TOWNHOUSE DUPLEX IN HISTORIC ALMONTE! Immaculately maintained, in exceptional condition and loaded with major updates, this is the kind of opportunity that doesn't come along often! Two spacious, 2-storey residences, EACH with 3 bedrooms, 1.5 bathrooms, GARAGE PARKING and its OWN FENCED BACKYARD! Ideal for investors, multi-generational living, or occupying one unit while collecting rent from the other. Set on a generous 66 x 99 ft lot, this impressive property features a full-width covered front porch and separate entrances. Each residence offers generous living and dining areas, a kitchen and a powder room on the main floor, with 3 bedrooms and full a bathroom upstairs. Pride of ownership shines through, with separate natural gas furnaces and central A/C systems, plus an extensive list of improvements: NEW furnaces, A/C and ductwork (2019); updated bathtub and shower surrounds in BOTH units (2021); eavestroughs (2021); repaved driveway (2021); and PVC fencing separating the backyards (2024). Outside, enjoy a detached TWO-CAR GARAGE, ample parking and private fenced outdoor space for each unit. Unit 78 includes a steel gazebo (2023) and is CURRENTLY VACANT, ready for immediate owner occupancy or a new tenant. And the LOCATION! Almonte is one of the Ottawa Valley's most charming and sought-after historic towns, celebrated for its beautiful heritage buildings, iconic mills, rushing waterfalls along the Mississippi River, scenic Riverwalk, independent shops, restaurants and welcoming small-town character. Enjoy the lifestyle and charm that make Almonte so special, with Main Street East at your doorstep. TWO HOMES, TWO GARAGE SPACES, TWO FENCED YARDS and updates already taken care of. THIS IS THE ONE! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$800K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$30K

Annual cash flow

$-14K

Cash-on-cash

-5.81%

DSCR

0.69

Going-in cap

3.80%

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

80,453

Households

36,639

Median income

$107,500

Median age

31.1

Daytime population

71,133

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 76-78 MAIN STREET E, 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.