5-7 Bridge Street,Mississippi Mills, ON K0A 1A0
Mississippi Mills, ON K0A 1A0
Description
A rare opportunity to own a legal fourplex on the waterfront in the heart of downtown Almonte. Filled with charm and character, this distinctive property features soaring ceilings with beautiful tin and architectural details that reflect its history, creating spaces with a warmth and personality rarely found in an investment property. Fully tenanted, the building offers three 2-bedroom apartments and one 1-bedroom apartment, each with its own unique layout and character.Set directly on the Mississippi River, tenants can enjoy a waterfront patio and outdoor space while being just steps from Almonte's shops, cafés, restaurants and vibrant downtown. Five tenant parking spaces plus visitor parking are an exceptional advantage in this sought-after downtown location. Each apartment is separately metered for hydro, with tenants paying their own electricity. Unit 1 also features in-suite laundry, with owned coin-operated laundry available for the other units.The property has benefited from significant investment and improvements over the years, including renovated kitchens and bathrooms, a gas furnace installed in 2023, two owned hot water tanks in 2025, driveway resurfacing in 2025 and substantial retaining wall and shoreline work. The individual apartments have also seen thoughtful updates while retaining the character that makes this building so appealing.Whether you're looking to expand an investment portfolio or acquire a truly distinctive income property, opportunities combining four established residential units, private parking, historic character, downtown walkability and direct waterfront are exceptionally difficult to replicate. More than an income property, this is a chance to own a special piece of Almonte-generating income today while holding an irreplaceable waterfront asset for the future.
Details
| MLS # | X13679212 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 79 |
| Listing Provided By | EXP REALTY | X13679212 488700 |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.19 |
| Water Front | Direct |
| Property View | River, Water, Downtown, Bridge |
Interior
| Interior Features | Separate Hydro Meter |
|---|---|
| Cooling | None |
| Heat Source | Electric |
| Fireplace Features | Natural Gas |
| Fireplace Yes / No | Yes |
Exterior
| Exterior Features | Deck, Landscaped, Porch Enclosed |
|---|---|
| Roof | Tar and Gravel |
| Foundation Details | Stone |
| Water View | Direct, Partially Obstructive |
| Waterfront Features | Dock, River Front, River Access, Motorboats Prohibited |
| View | River, Water, Downtown, Bridge |
| Construction Materials | Brick, Other |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Reserved/Assigned |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6013 |
|---|---|
| Tax Legal Description | PT LT 1 SEC RIDDELL PL 6262 LANARK N RAMSAY AS IN RN46063; T/W RN46063 ; TOWN MISSISSIPPI MILLS |
| Tax Year | 2025 |
Other
| Docking Type | Private |
|---|
Area Information
| Province | ON |
|---|---|
| County | Lanark |
| City | Mississippi Mills |
| Postal Code | K0A 1A0 |
| Area | 911 Almonte |
| Listing VS Median (in K0A 1A0) | |
Price: $1,300,000 low | high Med: $919,000 On site: 79 low | high Med: 107.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Lanark |
| City | Mississippi Mills |
| Postal Code | K0A 1A0 |
| Area | 911 Almonte |
| Listing VS Median (in K0A 1A0) | |
Price: $1,300,000 low | high Med: $919,000 On site: 79 low | high Med: 107.5 | |
