85-87 Victoria Street, Carleton Place, ON K7C 2W5
909 - Carleton Place, Carleton Place · Near Lake Ave to Victoria Street · View map
About this home
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.
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 6
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 16
- Basement
- Other, Unfinished
- Lot size
- 52.1 x 109.5 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Window Unit(s)
- Fireplace
- No
Garage & parking
- Garage
- Attached
- Driveway spaces
- 4
- Total parking
- 4
Taxes & other
- Property taxes
- $4,121/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBD
- Cross street
- Lake Ave to Victoria Street
- Neighbourhood
- 909 - Carleton Place
More
- Price per sq ft
- ~$436 (at 2,750 sq ft)
- MLS® number
- X13218280
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The home and its surroundings
- Water Heater Owned
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
85-87 Victoria Street, Carleton Place, ON K7C 2W5
909 - Carleton Place, Carleton Place · Near Lake Ave to Victoria Street
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Listing history for 85-87 Victoria Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 85-87 Victoria Street
Answers come straight from this home’s MLS® listing.
How much is 85-87 Victoria Street listed for, and what would it cost each month?
85-87 Victoria Street is listed for $1,200,000. With 20% down ($240,000), the mortgage payment would be roughly $4,840 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,184 a month, all in. That figure is an illustration, not a quote.
Is 85-87 Victoria Street freehold or a condo, and is there a monthly fee?
85-87 Victoria Street is a fourplex in 909 - Carleton Place, Carleton Place. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 85-87 Victoria Street have?
85-87 Victoria Street has 6 bedrooms and 4 bathrooms. The listing gives the style as 2-storey.
Does 85-87 Victoria Street have a garage and parking?
Yes. The listing shows the garage as attached. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 85-87 Victoria Street have a finished basement?
The listing describes the basement as other, unfinished.
What style of home is 85-87 Victoria Street?
85-87 Victoria Street is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 85-87 Victoria Street, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 52.1 x 109.5 ft.
How is 85-87 Victoria Street heated and cooled?
Heating is forced air (gas). Cooling is window unit(s).
What are the property taxes for 85-87 Victoria Street?
Property taxes are $4,121 a year (2026), or about $343 a month.
Where is 85-87 Victoria Street?
85-87 Victoria Street is in the 909 - Carleton Place community of Carleton Place. The nearest main intersection is Lake Ave to Victoria Street. The postal code is K7C 2W5.
Is 85-87 Victoria Street still for sale?
Yes. It is an active listing (MLS® X13218280). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 85-87 Victoria Street asking?
Similar properties for sale nearby right now include 192 High Street at $899,900 (4 bed), 74 LAKE Avenue W at $864,900 (4 bed) and 504 Thomas Street at $979,900 (3+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 85-87 Victoria Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 85-87 Victoria Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 909 - Carleton Place, picked by style, size and price.
Detached home$899,900192 High Street, Carleton Place4 bed · 3 bath · 909 - Carleton PlaceCourtesy of: ROYAL LEPAGE TEAM REALTYView home →
Detached home$864,90074 LAKE Avenue W, Carleton Place4 bed · 3 bath · 909 - Carleton PlaceCourtesy of: REAL BROKER ONTARIO LTD.View home →
Detached home$979,900504 Thomas Street, Carleton Place3+2 bed · 4 bath · 909 - Carleton PlaceCourtesy of: INNOVATION REALTY LTD.View home →Courtesy of: CENTURY 21 SYNERGY REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.