85-87 Victoria Street
Carleton Place, ON
- 6 bed
- 4 bath
- approx. 2500-3000 sqft
- Fourplex
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $4,121
- Listed
- May 29, 2026
Price History
Property
- Style
- 2-Storey
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Other, Water Heater Owned
- Lot Size
- 52.1 x 109.52 Feet
Parking
- Garage
- Attached
- Covered Spaces
- 0
- Total Parking
- 4
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Lake Ave to Victoria Street
- Parcel Number
- 053060209
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- Stove, Dryer, Washer, Refrigerator, Dishwasher ( each unit), 4x hot water tanks
- Exclusions
- Tenants Belongings
Schools
Elementary
- St Mary's Separate School0.4 km
Catholic · CDSB of Eastern Ontario · 290 students
Grade 6 math: 26% met the provincial standard
- Caldwell Street Elementary School0.6 km
Public · Upper Canada DSB · 385 students
Grade 3 reading: 74% met the provincial standard · Grade 6 math: 67% met the provincial standard
- Carleton Place Intermediate School0.7 km
Public · Upper Canada DSB · 295 students
Secondary
- Carleton Place High School0.6 km
Public · Upper Canada DSB · 670 students
Grade 10 literacy: 88% met the provincial standard
- T R Leger School of Adult & Continuing Secondary School0.8 km
Public · Upper Canada DSB · 375 students
- Notre Dame Catholic High School1.2 km
Catholic · CDSB of Eastern Ontario · 555 students
Grade 10 literacy: 94% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K7C
- Population
- 20,382
- Private dwellings
- 8,631
- Median age
- 44
- Average household size
- 2.4
- Median household income
- $99,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Carleton Place · last 12 months
- Median sold price
- $570,000
- Homes sold
- 243
- Median days on market
- 30
- Sale-to-list price
- 97.9%
Based on 243 recorded sales of residential freehold properties in Carleton Place over the last 12 months.
Listed by
CENTURY 21 SYNERGY REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$240,000
Estimated Monthly Payment
$5,895
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,895/mo (20% down, 5.5%)
Taxes: $343/mo · Insurance: $300/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions 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.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?