10470 HIGHWAY 7 HIGHWAY, Carleton Place
$9,000/mo
For rent: Other
- Property type
- Commercial Retail
- MLS®
- MLS® X12293515
- Neighbourhood
- 909 - Carleton Place
Restaurant/Bar on Highway 7, Carleton Place. This is an exceptional opportunity to own a fully equipped and licensed restaurant and bar offering maximum visibility on busy Highway 7 in the fast-growing town of Carleton Place. Situated on a high-traffic corridor and directly connected to a successful 23-room motel, this property benefits from steady customer flow and high daily exposure, making it ideal for any food and beverage concept. The restaurant spans approximately 4200 square feet with a flawless and functional layout. It is licensed for 150 indoor seats plus an additional 60-seat outdoor patio. Inside, the space features a spacious dining area, a dedicated bar, two washrooms for patrons, and a private office. The commercial kitchen is fully equipped and ready for immediate operation. A large pylon sign along the highway ensures excellent visibility for branding, while the expansive on-site parking lot easily accommodates guests and staff alike. Zoned Highway Commercial, there are no restrictions on the type of restaurant or menu, offering ultimate flexibility for operators. Whether you envision a banquet hall, family restaurant, sports bar, fine dining venue, or multicultural eatery, the location and infrastructure are ready to support your vision. The close connection with the adjacent motel creates additional opportunities for breakfast service, room service, catering, and event hosting, making this a multi-revenue stream business. This is a rare turnkey offering in one of Eastern Ontario's most rapidly developing communities.
Sold data
Homes in Carleton Place — recent sold market
Homes in Carleton Place took a median of 37 days to sell over the last 90 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 62, across 64 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.
The median sale price was $576,350.
Homes sold for about 2.3% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 30% of sellers reduced their price before finding a buyer.
- Median days to sell
- 37
- Median sale price
- $576,350
- Sale-to-list ratio
- 97.7%
- Sold above asking
- 5%
Based on 64 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Carleton Place
Carleton Place has 6 Fraser Institute–rated schools (4 elementary and 2 secondary), averaging 5.7/10.
- Rated schools
- 6
- Elementary
- 4
- Secondary
- 2
- Average rating
- 5.7 / 10
Top-rated schools in Carleton Place
- Notre Dame — secondaryFraser rating 6.8/10
- Beckwith — elementaryFraser rating 6.6/10
- Caldwell Street — elementaryFraser rating 6.4/10
- Carleton Place — secondaryFraser rating 5.7/10
- J.-L.-Couroux — elementaryFraser rating 5.2/10
- Arklan Community — elementaryFraser rating 3.5/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 10470 HIGHWAY 7 HIGHWAY
$32/sqft
Other102 - 60 MOORE STREET, 909 - Carleton Place, Carleton Place
$32/sqft
Other103 - 60 MOORE STREET, 909 - Carleton Place, Carleton Place
$25/sqft
Other006 - 150 MILL STREET, 909 - Carleton Place, Carleton Place
$30/sqft
Other003 - 150 MILL STREET, 909 - Carleton Place, Carleton Place
$25/sqft
Other009 - 150 MILL STREET, 909 - Carleton Place, Carleton Place
$25/sqft
Other008 - 150 MILL STREET, 909 - Carleton Place, Carleton Place
$30/sqft
Other004 - 150 MILL STREET, 909 - Carleton Place, Carleton Place
$20/sqft
Other002 - 150 MILL STREET, 909 - Carleton Place, Carleton Place