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154 Elgin Street
911 - Almonte Mississippi Mills K0A 1A0

$1,899,000 /For Sale
Commercial

Main Photo: 154 Elgin Street in Mississippi Mills: 911 - Almonte Commercial for sale : MLS®# X13155724
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13155724
Bus Major:
Apts - 6 To 12 Units
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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
6000 sq. ft. Square Feet
Total Area:
6,000 sq. ft.
Lot Depth:
142'
Lot Frontage:
129'
Water supply:
Municipal
Zoning:
C3-1
Heating type:
Baseboard
Garage:
Pay
Possession Details:
To Be Determined
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$15,765 / 2025
Assessment:
$- / -
Lanark
Mississippi Mills
911 - Almonte
Hot Water Tank(s)
Utilities:
Yes
Sewers:
Sanitary
Air Conditioning:
Partial, Yes
Seller Property Info Statement:
No
Gross income:
$127,804
Net Income Before Debt:
$96,466
Expenses Actual/Estimated:
Actual
Heating Expenses:
$653
Hydro Expenses:
$1,157
Insurance Expenses:
$7,844
Tax Expenses:
$15,765
Other Expenses:
$497
Water Expenses:
$5,426
Year Expenses:
31338
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
May 21, 2026
Original Price:
Previous Price:
  • Photo 1: 154 Elgin Street in Mississippi Mills: 911 - Almonte Commercial for sale : MLS®# X13155724
    Photo 1 of 1
Listed by ROYAL LEPAGE TEAM REALTY
Data was last updated May 22, 2026 at 03:15 AM (UTC)
DARYL  KING
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Owning an apartment building for sale provides unique advantages:

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

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You can find listings across major cities and growing suburbs where rental demand remains strong.