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 5.4% 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. (id:15069)
| MLS® Number | X12295393 |
| Property Type | Multi-family |
| Community Name | 909 - Carleton Place |
| Appliances | Dryer, Washer |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 10,354 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Frontage | 62 Ft |
| Size Irregular | 62 Ft |
| Size Total Text | 62 Ft |
| Zoning Description | C3 |
https://www.realtor.ca/real-estate/28628372/17-moore-street-carleton-place-909-carleton-place
Contact us for more information
No Favourites Found
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)