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322 Honeyborne Street
911 - Almonte Mississippi Mills K0A 1A0

$6,450,000 /For Sale
Commercial

Main Photo: 322 Honeyborne Street in Mississippi Mills: 911 - Almonte Commercial for sale : MLS®# X13778962
Photo 1: 322 Honeyborne Street in Mississippi Mills: 911 - Almonte Commercial for sale : MLS®# X13778962
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13778962
Bus Major:
Apts - Over 20 Units
Attention Investors! A purpose-built 24-unit apartment building completed in 2020, located in the growing community of Almonte, approximately 20 minutes west of Kanata and 40 minutes from downtown Ottawa. This modern three-storey asset offers a practical unit mix comprising 17 two-bedroom, 2 one-bedroom and 5 three-bedroom units, along with elevator service. Units range from approximately 650 to 955 sq. ft. and feature efficient, open-concept layouts, laminate flooring, a fridge, stove, dishwasher, ERV and window coverings. Coinamatic laundry facilities are conveniently located on every floor. Designed for efficient operation and management, tenants pay hydro while the landlord pays heat and water. The property provides approximately 30 tenant parking spaces, 5 visitor spaces and additional street parking. Other features include controlled entry, an intercom and camera-monitored common areas. Completed and first occupied in 2020, the building is not subject to Ontario's annual rent-increase guideline. Ideally situated within walking distance of shopping, restaurants, parks and essential services, the property benefits from its location in Mississippi Mills, which experienced 12% population growth between 2016 and 2021, as well as convenient access to Kanata and Ottawa. A modern multifamily investment offering strong fundamentals, durable construction and long-term income potential.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
34208 sq. ft. Square Feet
Total Area:
34,207.67 sq. ft.
Lot Depth:
216'5¾"
Lot Frontage:
159'3⅛"
Water supply:
Municipal
Zoning:
Residential Fourth Density (R4)
Heating type:
Gas Hot Water
Garage:
Outside/Surface
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$51,421.56 / 2025
Assessment:
$- / -
Lanark
Mississippi Mills
911 - Almonte
Laundry Machines - Coinamatic
24 Fridges, 24 Stoves, 24 Dishwashers, HVAC Equipment, Gazebo & Picnic Table (as is)
Tenants Belongings including window coverings and any portable air conditioners
Public
Utilities:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Net Income Before Debt:
$312,366.27
Expenses Actual/Estimated:
Actual
Tax Expenses:
$51,421.56
Year Expenses:
163706
Major Business Type:
Apts - Over 20 Units
Category:
Apartment
Date Listed:
Sep 14, 2026
Original Price:
Previous Price:
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Listed by EXP REALTY
Data was last updated September 14, 2026 at 02:15 PM (UTC)
DARYL  KING
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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.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.