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$ 2,400,000
Est. payment | /mo
10,354 SqFt
$ 2,400,000
Est. payment | /mo
10,354 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 10,354 sqft
Price per Sqft $231
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
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 62.0
Others
ParcelsYN No
Listed by EXP REALTY
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