275 Bridge Street

Welcome to the exceptional **Multi-Family Home for sale in Carleton Place **, located at 275 Bridge Street, Carleton Place. This impressive fourplex is a fantastic investment opportunity nestled in the vibrant and family-friendly community of Carleton Place. With its prime location and attractive features, this property is sure to capture the attention of savvy investors looking to expand their portfolio.

This **Multi-Family Home for sale in Carleton Place** boasts a well-designed layout across its two-storey structure, featuring a total of 12 bedrooms and 5 bathrooms. Each of the four spacious units comes with three bedrooms, providing ample space for families or individuals alike. The four kitchens are a standout feature, allowing for convenience and independence among tenants. Each unit also includes in-suite laundry facilities, ensuring that residents have everything they need right at their fingertips.

The property at 275 Bridge Street, Carleton Place, has been thoughtfully maintained, with vinyl siding on the exterior that adds to its charm and durability. While there is no pool or fireplace, the central air conditioning system ensures a comfortable living environment throughout the year. The forced air heating system keeps the units warm during the colder months, making this a welcoming home for tenants.

The current rental details for this **Multi-Family Home for sale in Carleton Place** are quite impressive. Unit 1 is currently rented at £1,800 per month, while Units 2, 3, and 4 are bringing in £883, £1,185, and £1,185 respectively. This results in a remarkable annual cash flow of £44,378, with tenants responsible for their own utilities, which contributes to the overall profitability of the property. There’s certainly a lot of room for future growth, making this an enticing opportunity for investors.

Situated on a generous lot measuring 97 X 105 feet, this property also features a detached garage that can accommodate up to four vehicles, alongside a private driveway that offers additional parking space for tenants. Although there is no central vacuum system, the property is unfurnished, allowing potential buyers the flexibility to furnish the units according to their preferences or those of future tenants.

The **Multi-Family Home for sale in Carleton Place** is ideally located with easy access to Highway 417, making commuting a breeze. The surrounding area is rich with amenities, including schools, parks, and trails, as well as the picturesque river that runs through Carleton Place. This prime location not only enhances the appeal of the property but also ensures that it remains a sought-after residence for families and individuals alike.

In summary, the **Multi-Family Home for sale in Carleton Place** at 275 Bridge Street, Carleton Place, presents an outstanding investment opportunity in a thriving community. With its spacious units, convenient amenities, and strong rental income potential, this fourplex is a property that should not be overlooked. Whether you are a seasoned investor or looking to make your first foray into property investment, this home offers the perfect blend of comfort, convenience, and profitability.

Don’t miss out on the chance to own a piece of this desirable neighbourhood. With its robust rental history and the potential for future growth, this **Multi-Family Home for sale in Carleton Place** is poised to be a valuable addition to any investment portfolio. Come and see for yourself what makes 275 Bridge Street, Carleton Place, such an attractive opportunity!

Community 909 in Carleton Place is a charming and inviting area that offers a perfect blend of natural beauty and small-town charm. Nestled along the banks of the Mississippi River, this community boasts picturesque landscapes, with lush parks and scenic walking trails that encourage outdoor activities and leisurely strolls. The neighbourhood is characterised by its friendly atmosphere, where residents enjoy a strong sense of belonging and connection. With a variety of local shops, cafes, and amenities just a stone's throw away, Community 909 provides a delightful balance of convenience and tranquillity, making it an ideal place for those seeking a peaceful yet vibrant lifestyle. Whether you're drawn to the area's rich history or its welcoming spirit, you'll find that Community 909 offers a warm and inviting environment to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you will find Arklan Community Public School (1.0 km) and Carleton Place High School (1.1 km), both under the Upper Canada District School Board, offering French-language instruction and highly rated programs (5 and 5.1 respectively). For younger children, St. Gregory Catholic School (0.6 km) and St. Mary Catholic School (0.9 km) provide Catholic education options for grades JK to 6, although they currently have lower ratings. Additionally, Notre Dame Catholic High School, situated just 0.8 km away, serves grades 7 to 12 and boasts a commendable rating of 7.1. This variety of schools, including both public and Catholic options, ensures that families have access to quality education close to home, catering to different preferences and educational philosophies. With a mix of grades and school types, this area is well-suited for families looking for a nurturing environment for their children’s academic growth.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 541 residents, with an average household size of 2.2. The demographic profile indicates a relatively young community, with an average age of 38.9 years. The average household income stands at $77,500, with 12.8% of the population classified as low-income. The real estate market reflects a median property price of $385,000, making it an attractive option for potential buyers. Notably, 52.81% of the population is single, and 40% of households include children, highlighting a diverse family structure. The rental market is significant, with 46% of residents renting their homes, while 14% live in condominiums. Educational attainment is high, with 55.81% of residents holding a college or university degree. However, a considerable portion of the population, 37.21%, is not participating in the labor force, which may influence economic dynamics in the area. Additionally, the community has a small immigrant population, comprising 3.85% of residents. Overall, this demographic snapshot presents a vibrant, educated community with a mix of families and singles, contributing to the area's unique character.