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31 Herriott Street Carleton Place, Ontario K7C 2A4

3 Bedroom 2 Bathroom
Central Air Conditioning Forced Air

$539,900

7.18% CAP RATE approaching $1,000/month cash flow! VACANT POSSESSION available! Welcome to 31 Herriott Street, a two-dwelling gem in Carleton Place. Carleton Place has been ranked the fastest growing community in Canada many times over - this investment is all about growth. That doesn't mean you're sacrificing cash flow, though! This property is set to earn its next proud owner over $832 per month in cash flow after finance (if you select 25% down, 5.89% fixed, 30 year am). At a stabilized future 4% rate, that figure becomes $1,300/month! After 30 years of ownership assuming only 5% annual growth, this property could be worth $2.3M+. Given that the average Canadian saves $184,000 for retirement (as per CIBC), this ONE investment could earn 12x the average retiree's wealth! Unit 1: huge 2-bedroom main floor unit tenanted at $2095+hydro (vacating soon). Unit 2: large 1-bedroom second floor unit vacant & set to rent for ~$1745+hydro. Click "More Photos" on Realtor.ca for analysis! (id:42146)

Property Details

MLS® Number 1371846
Property Type Single Family
Neigbourhood Carleton Place
Amenities Near By Recreation Nearby, Shopping, Water Nearby
Parking Space Total 5

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Total 3
Basement Development Unfinished
Basement Type Full (unfinished)
Constructed Date 1900
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Vinyl
Flooring Type Hardwood, Wood, Other
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Type House
Utility Water Municipal Water

Parking

Surfaced

Land

Acreage No
Land Amenities Recreation Nearby, Shopping, Water Nearby
Sewer Municipal Sewage System
Size Depth 121 Ft
Size Frontage 60 Ft
Size Irregular 0.16
Size Total 0.16 Ac
Size Total Text 0.16 Ac
Zoning Description Residential

Rooms

Level Type Dimensions
Main Level Kitchen 15'5" x 11'11"
Main Level Living Room 15'5" x 12'5"
Main Level Bedroom 13'0" x 11'1"

https://www.realtor.ca/real-estate/26361707/31-herriott-street-carleton-place-carleton-place

Interested?

Contact us for more information


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Kevin John
Salesperson

(613) 804-4292
everstonegroup.ca/

Keller Williams Integrity Realty
2148 Carling Ave Unit 5
Ottawa, Ontario K2A 1H1

(613) 829-1818
www.kwintegrity.ca/

Carley Humphries
Salesperson

(613) 986-0898

Keller Williams Integrity Realty
2148 Carling Ave., Units 5 & 6
Ottawa, Ontario K2A 1H1

(613) 829-1818
www.kwintegrity.ca/

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