ON > Carleton Place > 909 - Carleton Place
Carleton Place, ON K1L 6R2,26 Mcarthur AVE
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Carleton Place, ON K1L 6R2,26 Mcarthur AVE
Carleton Place, ON K1L 6R2,26 Mcarthur AVE
Carleton Place, ON K1L 6R2,26 Mcarthur AVE
Carleton Place, ON K1L 6R2,26 Mcarthur AVE
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Mahesh Mehra

Mahesh Mehra

+1(416) 820-0094
$ 5,000,000
Est. payment /mo
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26 Mcarthur AVE Carleton Place, ON K1L 6R2

16 Beds

12 Baths

UPDATED:

Key Details

Property Type Single Family Home, Condo

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5000 +

Subdivision 909 - Carleton Place

MLS Listing ID X12392560

Style Other

Bedrooms 16

Annual Tax Amount $14,637

Tax Year 2025

Property Sub-Type Detached

Lot Depth 91.79

Lot Front 47.84

Property Description

Brand-new 12-unit apartment building located in Ottawa, offering strong income potential with an estimated annual rent roll of $300,600. The property consists of eight one-bedroom and four two-bedroom apartments, each equipped with five appliances and individual storage lockers. The units feature luxury vinyl tile flooring in the living areas, kitchens, and bedrooms, complemented by ceramic tile in the bathrooms. Modern design and quality finishes are consistent throughout the building. Please note that there is no on-site parking.As a newly constructed building, this is a turnkey, low-maintenance investment ideally situated in a high-demand rental market. Based on current projected revenue and normalized expenses, the cap rate is estimated at 4.21%. Asking rents are set at $2,400 for the two-bedroom units, $1,950 for the one-bedroom units, and $1,800 for a basement one-bedroom unit. This represents a rare opportunity to acquire a newly built, income-generating property with strong rental demand and solid long-term upside in Ottawas competitive multi-residential market.

Location

Province ON

County Lanark

Community 909 - Carleton Place

Area Lanark

Rooms

Family Room No

Basement Finished, Apartment

Kitchen 12

Interior

Interior Features Carpet Free, Separate Hydro Meter, Storage Area Lockers, Air Exchanger, Water Heater, Ventilation System, Separate Heating Controls

Cooling Wall Unit(s)

Fireplace No

Heat Source Gas

Exterior

Pool None

Roof Type Flat,Tar and Gravel

Topography Flat

Lot Frontage 47.84

Lot Depth 91.79

Building

Foundation Poured Concrete

Listed by RE/MAX HALLMARK REALTY GROUP

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Mahesh Mehra
Mahesh Mehra

Agent | N/A 4731525

+1(416) 820-0094 | mahesh@zuminrealestate.ca

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26 Mcarthur AVE