Sona Bhalla
Broker
HouseSigma Inc, Brokerage
Independently owned and operated.
15 Allstate Parkway #629, Markham, Ontario L3R5B4
Cell: 647-992-7653Office: 647-360-2330
$1,300,000
Available - For Sale
Listing ID: X13679212
5-7 Bridge Street , Mississippi Mills, K0A 1A0, Lanark
| 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. |
| Price | $1,300,000 |
| Taxes: | $6013.00 |
| Occupancy: | Tenant |
| Address: | 5-7 Bridge Street , Mississippi Mills, K0A 1A0, Lanark |
| Directions/Cross Streets: | Bridge and Water Street |
| Rooms: | 24 |
| Bedrooms: | 7 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Separate Ent |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Ground | Family Ro | 14.01 | 18.34 | Stone Fireplace |
| Room 2 | Ground | Dining Ro | 10.07 | 25.32 | |
| Room 3 | Ground | Kitchen | 7.68 | 16.01 | B/I Microwave, Crown Moulding, Breakfast Bar |
| Room 4 | Ground | Bedroom | 14.01 | 10.92 | B/I Closet |
| Room 5 | Ground | Bedroom 2 | 11.51 | 10.92 | |
| Room 6 | Ground | Bathroom | 8.17 | 10.92 | |
| Room 7 | Ground | Sunroom | 13.15 | 9.41 | |
| Room 8 | Ground | Other | 12.17 | 9.25 | Overlook Water |
| Room 9 | Ground | Laundry | 3.08 | 2.16 | |
| Room 10 | Ground | Living Ro | 11.84 | 12.07 | |
| Room 11 | Ground | Kitchen | 11.84 | 8 | |
| Room 12 | Ground | Bathroom | 8.17 | 5.84 | |
| Room 13 | Ground | Bedroom | 11.84 | 15.91 | |
| Room 14 | Ground | Laundry | 4.17 | 3.51 | |
| Room 15 | Second | Breakfast | 13.15 | 9.91 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Fourplex |
| Style: | 2-Storey |
| Exterior: | Brick, Other |
| Garage Type: | None |
| (Parking/)Drive: | Reserved/A |
| Drive Parking Spaces: | 8 |
| Park #1 | |
| Parking Type: | Reserved/A |
| Park #2 | |
| Parking Type: | Reserved/A |
| Pool: | None |
| Approximatly Square Footage: | 3500-5000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
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Sona Bhalla
Broker
Dir:
647-992-7653
Bus:
647-360-2330
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Lanark |
| Municipality: | Mississippi Mills |
| Neighbourhood: | 911 - Almonte |
| Style: | 2-Storey |
| Tax: | $6,013 |
| Beds: | 7 |
| Baths: | 4 |
| Fireplace: | Y |
| Pool: | None |
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