85-87 Victoria Street, Carleton Place, ON K7C 2W5

About this property

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 facts & features

Property type

Fourplex

MLS® number

X13218280

Source status

New

Bedrooms

6

Bathrooms

4

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

K7C 2W5

Parking spaces

4

Garage

Attached

Lot depth (source units)

109.52

Annual property tax

4121

Basement

Other, Unfinished

Laundry

Not provided

Interior features

Other, Water Heater Owned

Exterior features

Not provided

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Floor plans & room measurements

Floor plans and verified room measurements are not available for this property.

Property value & listing history

Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.

Plan your monthly ownership costs

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

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Transit stops, schools and commute information are unavailable until verified sources are connected. Optional overlays remain off.