Property Information:

Exceptional investment opportunity in the heart of Carleton Place! Formerly configured as a triplex with commercial office space, the property has since been converted into four residential units and extensively updated throughout. The building features separate hydro meters, two forced-air furnaces servicing front and rear units separately, updated ductwork completed in 2024, and four owned hot water tanks installed in 2024. Many original character details remain including beautiful hardwood strip flooring throughout much of the property. Windows appear to be vinyl clad and the large 16' x 12' upper deck with direct access from the living area provides excellent outdoor space for tenants.Strong rental appeal with a desirable unit mix, ample on-site parking, plus additional public parking directly behind the property. Excellent opportunity for investors seeking cash flow, future appreciation, and development upside with the included severed lot. Located close to downtown amenities, shopping, restaurants, schools, and transit in one of Eastern Ontario's fastest-growing communities. All kinds of possibilities with this unique income property. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Air Conditioning: Yes
Basement Development: Other, See Remarks, Unfinished
Basement Type: N/A, N/A
Exterior Finish: Vinyl siding
Floor Space: 2500 - 3000 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Window air conditioner
Appliances: Dishwasher, Dryer, Stove, Washer, Refrigerator

Property Features:

Property Type: Multi-family
Bedrooms: 6
Bathrooms: 4
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 109.5 Feet
Lot Frontage: 52.1 Feet
Lot Size: 52.1 x 109.5 FT
Sewer: Sanitary sewer
Parking Type: Attached garage, No Garage
No. of Parking Spaces: 4

Courtesy of: CENTURY 21 SYNERGY REALTY INC

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Demographic Information of 85-87 VICTORIA STREET, Carleton Place, Ontario, K7C 2W5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$104,659.74

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.37 %

High school certificate or equivalent

34.82 %

Apprenticeship trade certificate/diploma

8.71 %

College/non-university certificate

27.72 %

University certificate (below bachelor)

0.54 %

University Degree

13.84 %

Commuter

Travel To Work

By Car

82.02 %

By Public Transit

0.0 %

By Walking

13.36 %

By Bicycle

0.01 %

By Other Methods

4.61 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

39.03 %

Houses

60.97 %

85-87 VICTORIA STREET, Carleton Place, Ontario, K7C 2W5