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. (id:1945)
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Property details for 85-87 Victoria Street, Carleton Place
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 4
- Lot Size
- 52.1 x 109.5 FT
- Stories
- 2
- Basement
- Unfinished, Other, See Remarks, N/A, N/A
- Parking
- Attached Garage, No Garage
- Heating
- Forced air, Natural gas
- Cooling
- Window air conditioner
- Exterior
- Vinyl siding
- Annual Taxes
- $4,121 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 85-87 Victoria Street
Active Listings
1
Min Price
$1,200,000
Max Price
$1,200,000
Avg Price
$1,200,000
Days on Market
110
days
Sold Listings
2
Min Sold Price
$729,900
Max Sold Price
$749,900
Avg Sold Price
$739,900
Days until Sold
59
days
Neighbourhood Census Data
Carleton Place, Ontario
Population
489
Median Age
37.8
Median Income
$28,928
Dwelling Value
$239,771
Housing Tenure
Owners 56%
Renters 44%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 2,608.0/km²
Avg Shelter Cost: $1,229/mo
Owners with Mortgage: 65.2%
Owners Spending 30%+: 30.4%
Tenants Spending 30%+: 55.6%
English only: 84.5%
English and French: 16.5%
Median Household Income: $51,840
Median Employment Income: $28,784
Price History
Listed
May 30, 2026
by CENTURY 21 SYNERGY REALTY INC
Current Price
$1,200,000
Type
Multi-family
For Sale