$1,200,000
12.88 BTC
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85-87 Victoria Street, Carleton Place
$1,200,000
PRICE
6
BEDROOMS
4
BATHROOMS
X13218280
MLSID

85-87 Victoria Street, 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.
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Summary

Address
85-87 Victoria Street
MLSID
X13218280
Property Type
Fourplex
Property Category
Bedrooms
6
Bathrooms
4
Kitchens
4
Taxes (Annual)
$4,121.00
Tax Year
2026
Published
May 30, 2026
Days on Market
32 Days
Possession Type
Flexible
Possession Details
Tbd
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Inclusions

Stove, Dryer, Washer, Refrigerator, Dishwasher ( each unit), 4x hot water tanks

Exclusions

Tenants Belongings

Details

Basement
Other, Unfinished
Interior Features
Other, Water Heater Owned
Parking Spaces
4
Parking Total
4
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Vinyl Siding
Lot Width
52 Feet
Lot Depth
110 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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