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.
Address
85-87 Victoria Street
List Price
$1,200,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Carleton Place
Sub-Area
909 - Carleton Place
Region
Lanark
Bedrooms
6
Bedrooms (Total)
6
Rooms Above Grade
16
Bathrooms
4
Floor Area
2500-3000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
109.52
Lot Size Units
Feet
Lot Width
52.1
Parcel Number
053060209
Occupant Type
Tenant
Cross Street
Lake Ave to Victoria Street
MLS® Number
X13218280
Listing Brokerage
CENTURY 21 SYNERGY REALTY INC.
Basement Area
Other, Unfinished
Postal Code
K7C 2W5
Posession Details
TBD
Parking Places (Total)
4
Parking Spaces
4
Tax Amount
$4,121.00
Tax Year
2026
Interior Features
Other, Water Heater Owned
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Window Unit(s)
Construction Materials
Vinyl Siding
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
Attached
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PLAN 276 PT LOT 16 RP 26R2795 PART 1 and PLAN 276 PT LOT 15 SECTION C RP 26R2795 PART 2
Waterfront
No
Sewer
Sewer
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