Purpose built in 2018, this low maintenance mixed use building features six fully self contained residential units and two ground floor commercial spaces with a 5.
| Website: | https://www.nestseekers.com/5417258 |
|---|---|
| Address: | Carleton Place K7C 2R4 Canada |
| Ownership: | For Sale |
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| Type: | Unknown |
Financials
Price:C2,400,000
($1,751,600)
(€1,490,800)
Annual Taxes:C18,150
Description
Purpose-built in 2018, this low-maintenance mixed-use building features six fully self-contained residential units and two ground-floor commercial spaces with a 5.5% cap-rate at asking. The residential mix includes two 3-bed, 2-bath units, one accessible 2-bed, and three spacious 2-beds all with private HVAC, in-suite laundry, dishwashers, decks, and upgraded finishes! All residential units are exempt from rent control, offering strong rental upside. The property is supported by an assumable CMHC-insured RBC mortgage ($1.45M @ 4.25%) and a potential second-position VTB, creating an attractive capital-light entry with immediate cash flow and long-term growth. An ideal hands-off investment with rent control exemption, strong in-place cash flow, and financing options that support a low-equity acquisition in one of Eastern Ontario's fastest-growing markets just outside of Ottawa.
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 Fax: +1 212-252-9347 |