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400 Franktown Road Carleton Place, Ontario K7C 2N5

Baseboard Heaters

$7,299,900

ATTENTION INVESTORS! This 24 unit building is currently under construction and will be 100% complete on closing! Built by a QUALITY BUILDER with a successful portfolio, this 3-storey, 24-unit building will provide immediate cash flow. Conveniently located in the growing town of Carleton Place just 45 minutes from downtown Ottawa and halfway between the towns of Perth, Almonte and Smiths Falls. Walking distance to parks & recreation, shopping, transit and other essential amenities. This building features an efficient electric baseboard heating system and ERV's (energy recovery) in each unit, 1 hydro meter, an ELEVATOR, 36 parking spots with some handicapped accessible, income generating laundry facilities with coinamatic card operated machines, and 40-year fiberglass shingles. Income & expenses are estimated based on similar completed buildings. (id:50982)

Property Details

MLS® Number 1296093
Property Type Multi-family
Neigbourhood Carleton Place
Parking Space Total 36

Building

Constructed Date 2023
Exterior Finish Stone, Siding
Fireplace Present No
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 3
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Frontage 235 Ft
Size Irregular 234.97 Ft X 0 Ft
Size Total Text 234.97 Ft X 0 Ft
Zoning Description R3

https://www.realtor.ca/real-estate/24492090/400-franktown-road-carleton-place-carleton-place

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