85-87 Victoria Street

About this home

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.

Details

Type

Fourplex

Style

2-Storey

Size

2500-3000 sq ft

Lot

52.1 × 109.52 ft

Basement

Other, Unfinished

Garage

Attached

Kitchens

4

Property tax

$4,121 (2026)

Neighbourhood

909 - Carleton Place

Municipality

Carleton Place

Interior

Bedrooms

6 above ground

Bathrooms

4 × 3-piece

Rooms

16 above ground

Family room or den

No

Fireplace

No

Features

Water Heater Owned

Heating, cooling and services

Heating

Forced Air, Gas

Air conditioning

Window Unit(s)

Water and sewer

Sewer

Building and exterior

Style

2-Storey

Exterior

Vinyl Siding

Roof

Asphalt Shingle

Foundation

Stone

Faces

East

Parking

Total parking

4

Lot

Size

52.1 × 109.52 ft

More

Possession

TBD

Cross street

Lake Ave to Victoria Street