85-87 VICTORIA STREET
Carleton Place, Ontario
MLS® X13218280
$1,200,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13218280
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- —
1 / 51Listing description
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.
Property summary
- MLS® number
- X13218280
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 52.1 x 109.5 FT
- Annual property taxes
- $4,121.00
- Parking
- 4 spaces · Attached Garage, No Garage
- Days on market
- 110 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Window air conditioner
- Basement
- Unfinished, Other, See Remarks, N/A, N/A
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Dryer, Water Heater
- Exterior features
- Vinyl siding
What would this home cost you?
Based on the $1,200,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CENTURY 21 SYNERGY REALTY INC., OTTAWA.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.