$729,000
For sale: Other

Prime Turnkey Commercial Opportunity in Downtown Carleton Place!Incredible turn-key investment offering a bustling business, prime real estate, and living accommodations all in one package! Situated in a high-foot-traffic location in the heart of downtown Carleton Place, this commercial building features a fully updated, 52-seat restaurant equipped with a newly added large-screen TV and a charm-filled side alleyway with incredible potential for an intimate outdoor dining patio. The fully equipped commercial kitchen includes pizza ovens, a dishwasher, multiple refrigerators, and extensive storage with multiple large chest freezers in the basement.Adding exceptional value, the upper level boasts a bright and spacious 3-bedroom, 1-bathroom apartment-perfect for owner occupancy or generating substantial rental income from a tenant. Complete with a private parking space for 4 vehicles, an outdoor storage shed, and the sale including the turnkey business, building, all furnishings, and restaurant chattels, this complete package offers a seamless transition for an ambitious entrepreneur or savvy investor!
Sold data
Homes in Carleton Place took a median of 30 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 58, across 56 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 47 days.
The median sale price was $546,000.
Homes sold for about 2.4% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 56 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
Carleton Place has 6 Fraser Institute–rated schools (4 elementary and 2 secondary), averaging 5.7/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$749,000
Other6 LAKE AVENUE W, 909 - Carleton Place, Carleton Place

$679,900
Detached104 AVENUE 4A, 910 - Beckwith Twp, Beckwith

$639,900
Detached202 SANTIAGO STREET, 909 - Carleton Place, Carleton Place

$700,000
Detached126 MOCKINGBIRD LANE, 910 - Beckwith Twp, Beckwith

$755,000
Detached16 GRAF, Harrow

$664,900
Detached28 GAMBLE DRIVE, 8204 - Richmond, Ottawa

$739,900
Townhouse6 - 525 HILSON AVENUE, 5003 - Westboro/Hampton Park, Ottawa

$824,900
Detached165 RIDEAU STREET, 903 - Drummond/North Elmsley (North Elmsley) Twp, Drummond/North Elmsley