Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

55 Spring Street, Mississippi Mills, ON K0A 1A0

Commercial Retail
$1,200,000

An exceptional opportunity to own a versatile mixed-use property in the thriving and historic community of Almonte. Ideally located just steps from the hospital and minutes from the vibrant downtown core, 55 Spring Street offers the rare combination of an established commercial pharmacy space and a charming 3-bedroom residential home - perfect for owner-operators, investors, or healthcare professionals seeking a live/work lifestyle. The commercial pharmacy component offers excellent visibility, accessibility, and proximity to the Almonte General Hospital, creating strong potential for continued healthcare-related use or expansion opportunities. With an established healthcare presence in the area and convenient access for local residents, this location is perfectly positioned for a pharmacy, medical-related business, wellness practice, or professional office. Attached or adjoining the commercial space is a well-maintained 3-bedroom home filled with warmth and functionality. Whether used as a primary residence, staff accommodation, rental income opportunity, or short/long-term investment property, the residential component adds incredible flexibility and value. Almonte continues to attract families, retirees, and professionals alike with its historic architecture, thriving local businesses, scenic riverfront, and strong sense of community. Opportunities like this are few and far between. Whether you're looking to expand your pharmacy footprint, establish a new healthcare venture, invest in a growing market, or create the perfect work/live balance - 55 Spring Street delivers exceptional potential.

MLS number
X13210416
Type
Commercial Retail
Status
Active
Bedrooms
Bathrooms
2
Postal code
K0A 1A0
Photos
45
Property tax
$2,194 / year
108days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Holy Name of Mary Separate School
CDSB of Eastern Ontario
Elementary575 m7.6 / 10
76% met the standard
Almonte District High School
Upper Canada DSB
Secondary630 m7.1 / 10
71% met the standard · 2 of 6 measures
Almonte Intermediate School
Upper Canada DSB
Elementary663 mNot reported
R Tait McKenzie Public School
Upper Canada DSB
Elementary690 m7.9 / 10
79% met the standard
Naismith Memorial Public School
Upper Canada DSB
Elementary1.2 km6.7 / 10
67% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 488 people.

$106,000Median household income
79.4%Own their home
84.4%Detached houses
58Median age
4.7%Born outside Canada
26.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35090109 — the few blocks around this address, home to 488 people. It describes the area, not this property.

488Population
53.8Average age
2.4Household size
$138,000Average household income
$106,000Median household income
79%Own their home
21%Rent
0%Condominiums
5%Born outside Canada
26%University degree
$520,000Average home value
8%Low income
54%Not in the labour force
20%Never married
$20,000 to $24,9994%
$25,000 to $29,9992%
$35,000 to $39,9992%
$40,000 to $44,9994%
$50,000 to $59,9994%
$60,000 to $69,9996%
$70,000 to $79,9994%
$90,000 to $99,9994%
$100,000 and over35%
$100,000 to $124,9998%
$125,000 to $149,9996%
$150,000 to $199,9996%
$200,000 and over13%

Percentages are of the 240 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$240,000 · minimum here is $95,000
$5,313.34per month
Borrowed before insurance$960,000
Total borrowed$960,000
Interest over 25 years at 4.5%$634,002

If you rented it out

-$5,496.17per month out of pocket
Rent$0.00
Everything it costs to hold$5,496.17
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by EXP REALTY. Listing data provided by the Toronto Regional Real Estate Board.