$799,900
186 WATER STREET
Beds
4
Baths
4
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Mississippi Mills. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Well-maintained 4-unit multiplex offering strong, stable income with a 6.3% cap rate. Each unit features a functional one-bedroom layout, appealing to reliable long-term tenants, and the property is fully leased, providing immediate cash flow. Ample parking includes five spaces-one dedicated per unit plus a convenient guest spot.Ideally positioned, the property boasts scenic views of the Almonte Fairgrounds and the nearby river, adding to its tenant appeal and long-term desirability. The setting combines small-town charm with walkable access to local amenities, making it an attractive rental location.This is a turnkey investment opportunity with consistent performance, low vacancy risk, and future upside potential. Perfect for investors seeking a manageable multi-unit property in a desirable and growing community. (id:65958)
- Subtype
- Multi-family
- Structure
- Fourplex
- Community
- 911 - Almonte
- Lot dimensions
- 103 x 94.9 FT
- Bedrooms
- 4 above grade
- Parking
- 5 total
- Stories
- 2
- On market
- Apr 28, 2026
- Status changed
- Apr 28, 2026
- Annual tax
- $4,835.98
- Zoning
- R2
- Photos
- 32
- MLS#
- X13055398
- Area
- MISSISSIPPI_MILLS
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
View
Utilities
Security
Cash on cash
-6.67%
Cap rate
3.53%
GRM
16.7
Break-even rent
$4,936
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.