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Business For Sale · Multifamily

154 ELGIN STREET, Mississippi Mills

154 ELGIN STREET, Mississippi Mills, ON K0A1A0

$1.8M total

6,000 SF

Asset Class

Multifamily

Size

6,000 SF

Building class

A

Zoning

RA9 — High Rise

$ / SF

$300

Occupancy

98%

About this property

JUST LISTED | Investment Opportunity Stunning 6-unit investment property located in the friendly and growing community of Almonte. This exceptional multi-residential building is within walking distance to parks, recreation, downtown shopping, and restaurants, offering tenants both convenience and lifestyle appeal. Meticulously maintained and showcasing true pride of ownership, several units have been extensively renovated, with the most recent updates completed in 2022. The quality workmanship and ongoing care make this property a standout opportunity for investors seeking stability and long-term value. Property Features:6 Apartment Units, Attached Three-Car Heated Garage, Ample Additional Parking, In-Unit Laundry, All-Inclusive Rents, Excellent Tenant Retention Potential. Unit Breakdown:1 x 1 Bedroom | 1 Bathroom, 2 x 1 Bedroom + Den | 1 Bathroom, 1 x 1 Bedroom + Den | 2 Bathrooms, 1 x 2 Bedroom | 2 Bathrooms, 1 x 3 Bedroom | 3 Bathrooms. Ideally positioned in one of the Ottawa Valley's most desirable small towns, this turnkey investment offers strong rental appeal, a high standard of maintenance, and peace of mind for any savvy investor. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.80M
Down payment30% · $540K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$91K

Annual cash flow

$-9K

Cash-on-cash

-1.61%

DSCR

0.91

Going-in cap

5.06%

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.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design5,868 SF2028-01

Area demographics

Trade area within 3 miles of the property.

Population

106,028

Households

39,740

Median income

$71,500

Median age

42.2

Daytime population

165,351

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 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.