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 5.4% 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.
Address
17 Moore Street
List Price
$2,645,000
MLS® Status
Extension
Expiration Date
2026-01-31
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Carleton Place
Sub-Area
909 - Carleton Place
Region
Lanark
Lot Size Source
MPAC
Lot Type
Lot
Lot Size Units
Feet
Lot Width
62
Parcel Number
051230043
Total Building Area
10354
Occupant Type
Tenant
Cross Street
Moore St / Lake Ave E.
MLS® Number
X12295393
Listing Brokerage
EXP REALTY
Postal Code
K7C 2R4
Posession Details
TBD
Tax Amount
$18,150.00
Tax Year
2024
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
