7 Mill Street 203, Mississippi Mills

$719,900
7 Mill Street 203

$719,900

New
23d
Condo ApartmentApartment

7 Mill Street 203, Mississippi Mills

Total Monthly Obligation $4,090

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
23d
Score
15
Yield
3.1%
Cash on Cash
-15.4%
Cap Rate
1.3%
5Y IRR
3.6%
10Y IRR
5.4%
Property Type-Condo Apartment
MLS® Number-X13845888
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,513.77 (2026)
Maintenance-$692.9/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Other (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Stone
Possession-Flexible
Neighbourhood-911 - Almonte
Title-Residential Condo & Other

No agent assigned

Own a piece of Almonte's rich history. This two bedroom, one and a half bath condo sits inside the Victoria Woolen Mill, a limestone landmark right in the heart of downtown. Completed in 2018, it pairs heritage character with modern construction and finishes, a combination that's hard to find in town. Your own front door opens right onto Mill Street, leading into a private foyer and up to your home. No shared hallways, no elevators, no lobby. It lives more like a downtown walk up townhome than a condo, and a private street level entry like this is rare for a historic residence. Upstairs, the space is filled with natural light from windows overlooking downtown and the Mississippi River, and the large balcony puts that view right outside your door. The kitchen has been renovated and opens to the dining and living areas, with room for a dedicated desk and a built in bar nook that's perfect for entertaining. The primary bedroom is spacious, with plenty of room to spread out and a walk in closet. The full bath is a real standout, bright and generously sized with lots of natural light, and a second half bath is handy for guests. Radiant in floor gas heating runs throughout, with gas included in the condo fees, and heat pumps provide air conditioning. In unit laundry completes the package. Dinner is as close as Joe's Italian Kitchen downstairs, with The Sterling just up the street. Local cafés, bakeries, boutiques and the Riverwalk are all a short stroll away, and Almonte General Hospital is close by. It's no surprise the town has become a favourite backdrop for Hallmark movies. A rare chance to call one of its landmark buildings home.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$575,920
Land Transfer Taxes$10,873
Legal Fees (Est.)
$
Total cash required for closing$156,353

Total Monthly Obligation

$4,090/mo
Mortgage $2,904
Monthly Loss $3,325
Principal$764
Interest$2,140
Property Tax$293
Condo Fees$693
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
0.8%7
Cash-on-Cash
-18.8%0
5-Year IRR
1.1%4
10-Year IRR
4.0%
Returns Index
2.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$22,200/yr
NOI
$5,751/yr
Net Cash Flow
-$2,425/mo
Cash Margin
-131.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.171
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
19.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 7 Mill Street 203

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