85-87 VICTORIA STREET, Carleton Place

$1,200,000

For sale: Multiplex

Multiplex at 85-87 VICTORIA STREET, Carleton Place
Property type
Fourplex
Bedrooms / bathrooms
6 bedrooms, 4 bathrooms
Living area
3,000 sqft
MLS®
MLS® X13218280
Neighbourhood
909 - Carleton Place

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.

Sold data

Homes in Carleton Place — recent sold market

Homes in Carleton Place took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 56, 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 47 days.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 $532,400.

Homes sold for about 2.3% below asking on average, so there was room to negotiate.

About 7% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
29
Median sale price
$532,400
Sale-to-list ratio
97.7%
Sold above asking
7%

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

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 85-87 VICTORIA STREET