85-87 Victoria Street

Nestled in the vibrant heart of Carleton Place, this exceptional investment opportunity awaits at 85-87 Victoria Street, Carleton Place. This remarkable Multi-Family Home for sale in Carleton Place has been thoughtfully reconfigured from its former triplex and commercial office layout into four distinct residential units, making it a prime choice for savvy investors. With extensive updates throughout, this property is not only a sound investment but also a charming residence with character.

The building, designed in a stylish two-storey multiplex style, boasts an exterior clad in durable vinyl siding, ensuring both aesthetic appeal and low maintenance. Spanning a generous lot of 52 X 110 feet, this Multi-Family Home for sale in Carleton Place offers ample space for tenants to enjoy. With a total of 16 rooms, including six well-appointed bedrooms and four bathrooms, the layout is both practical and inviting. Each unit features its own kitchen, with a total of four kitchens available, catering to the diverse needs of the residents.

At 85-87 Victoria Street, Carleton Place, the property is equipped with separate hydro meters, which allows for easy management of utilities. The two forced-air furnaces service the front and rear units independently, ensuring comfort throughout the year. Recent updates include new ductwork completed in 2024 and four owned hot water tanks installed in the same year, providing peace of mind to both landlords and tenants. While there is no central vacuum system or family room, the layout compensates with its spacious design and practical features.

Despite the absence of a swimming pool and fireplace, this Multi-Family Home for sale in Carleton Place does not fall short in offering a delightful living experience. The windows are vinyl clad, allowing for ample natural light to flood the interiors, while the beautiful hardwood strip flooring adds a touch of elegance and warmth to the property. Tenants will also appreciate the large 16' x 12' upper deck, which provides direct access from the living area and serves as an excellent outdoor space for relaxation and socialising.

Parking is a breeze with space for four vehicles, and additional public parking is conveniently located directly behind the property. This accessibility enhances the appeal of the Multi-Family Home for sale in Carleton Place, making it an attractive option for potential renters. The property is unfurnished, allowing new owners to tailor the interiors to their liking, and it is equipped with window air conditioning units for comfort during the warmer months.

Situated in the thriving community of Carleton Place, this property is just a stone's throw away from downtown amenities, including shopping, restaurants, schools, and public transit. The location is ideal for those seeking a vibrant lifestyle in one of Eastern Ontario's fastest-growing communities. Investors will find strong rental appeal here, with a desirable mix of units and the potential for future appreciation and development upside, especially with the included severed lot.

In summary, 85-87 Victoria Street, Carleton Place, presents an outstanding opportunity for those looking to invest in a Multi-Family Home for sale in Carleton Place. With its extensive updates, character details, and prime location, this property offers a unique income-generating potential that should not be missed. Whether you are an experienced investor or just starting out, this property is sure to meet your needs and exceed your expectations. Don’t miss out on the chance to own this remarkable piece of real estate in the heart of Carleton Place!

Community 909 in Carleton Place is a charming and inviting neighbourhood that offers a delightful blend of small-town charm and modern amenities. Nestled along the banks of the Mississippi River, this area is characterised by its picturesque landscapes, tree-lined streets, and a strong sense of local pride. Residents enjoy easy access to a variety of recreational activities, including parks, walking trails, and waterfront spaces, making it ideal for outdoor enthusiasts. The community boasts a close-knit atmosphere, with local shops, cafes, and markets fostering a sense of belonging. With its welcoming spirit and convenient location just a short drive from Ottawa, Community 909 presents an appealing option for those seeking a tranquil yet vibrant place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within just 0.6 km, you'll find Caldwell Street Public School and Carleton Place High School, both operated by the Upper Canada District School Board. Caldwell Street offers a French-language curriculum for grades JK to 6 and has a respectable school rating of 3.9. Carleton Place High School caters to students in grades 7 to 12 and boasts a higher rating of 5.1, ensuring quality secondary education. Additionally, St. Mary Catholic School, located only 0.4 km away, serves grades 4 to 6 and is part of the Catholic District School Board of Eastern Ontario, although it currently has a school rating of 0. St. Gregory Catholic School, 0.9 km from the property, serves younger students (JK to 3) but also holds a rating of 0. For secondary education, Notre Dame Catholic High School is just 1.3 km away, offering grades 7 to 12 with a commendable rating of 7.1. This diverse selection of schools in close proximity ensures that families have access to quality education options in both public and Catholic systems.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 578 residents, with an average household size of 2. The community's average age is 41.4 years, reflecting a mature demographic. The average household income stands at $68,500, with 13.8% of the population classified as low-income. The average property price in the area is approximately $380,000, making it relatively accessible for many buyers. A significant portion of the population, 52.04%, is single, while 32.26% of households include children, indicating a mix of family structures. Renters comprise a substantial 63.64% of the housing market, with no condos available, suggesting a focus on other types of residential properties. Educational attainment is notable, with 46.32% of residents holding a college or university degree. However, a considerable 38.95% of the population is not in the labor force, which may reflect various factors, including retirement or other personal circumstances. Additionally, the immigrant population is relatively small at 2.88%, contributing to the area's demographic profile. Overall, this community presents a blend of young professionals, families, and retirees, making it an appealing location for diverse residents.