For sale

$699,900

Est. $3,075/mo —

•

4 ba

•

View

sq ft

186 Water St, Almonte, ON K0A 1A0

About this home

CASH FLOWING 4 PLEX This 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.

Multi-familyProperty Type

9,775 sq ftLot Size

5 spacesParking

Listing updated: Jul 19, 2026 at 11:26am

Redfin checked: a few seconds ago

•Source:TREB #X13540848

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Around this home

Schools
Places
Transit

0.8km

Naismith Memorial Public School

Public, JK-6 • Assigned

1.1km

Almonte District High School

Public, 7-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Full unfinished basement
Smoke detectors

Heating & cooling
Electric heating
Baseboard heating
No central cooling

Sale and tax history for 186 Water St

Sale History
Tax History

Public record

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Finished Sq. Ft.

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Unfinished Sq. Ft.

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Style

Single Family Residential

Region

Lanark County

Parking Spaces

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Basement

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Accessible

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Last updated by owner on Aug 9, 2023.

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