5-7 BRIDGE STREET, Mississippi Mills
$1,300,000
For sale: Multiplex
- Property type
- Fourplex
- Bedrooms / bathrooms
- 7 bedrooms, 4 bathrooms
- Living area
- 5,000 sqft
- MLS®
- MLS® X13679212
- Neighbourhood
- 911 - Almonte
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.
Sold data
Homes in Mississippi Mills — recent sold market
Homes in Mississippi Mills took a median of 30 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 62, across 54 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.
The median sale price was $634,450.
Homes sold for about 2.3% below asking on average, so there was room to negotiate.
About 4% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
- Median days to sell
- 30
- Median sale price
- $634,450
- Sale-to-list ratio
- 97.7%
- Sold above asking
- 4%
Based on 54 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Currently for sale
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$1,499,000
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