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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision 909 - Carleton Place
MLS Listing ID X13008374
Annual Tax Amount $18,150
Tax Year 2025
Property Sub-Type Investment
Property Description
Purpose-built in 2018, this low-maintenance mixed-use building features six fully self-contained residential units and two ground-floor commercial spaces with a 5.5% cap-rate at asking. The residential mix includes two 3-bed, 2-bath units, one accessible 2-bed, and three spacious 2-beds all with private HVAC, in-suite laundry, dishwashers, decks, and upgraded finishes! All residential units are exempt from rent control, offering strong rental upside. The property is supported by an assumable CMHC-insured RBC mortgage ($1.45M @ 4.25%) and a potential second-position VTB, creating an attractive capital-light entry with immediate cash flow and long-term growth. An ideal hands-off investment with rent control exemption, strong in-place cash flow, and financing options that support a low-equity acquisition in one of Eastern Ontario's fastest-growing markets just outside of Ottawa.
Location
Province ON
County Lanark
Area Lanark
Zoning C3
Interior
Cooling Yes
Inclusions 6 Stoves, 6 Fridges, 6 Washers, 6 Dryers
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot
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