400 Franktown Road, Carleton Place, Ontario K7C2N5

Listing courtesy of EXP REALTY.

$7,299,900
List Price
$7,299,900
MLS®
1296093
Days on Market
177
Status
ACTIVE
Type
Multifamily
Subtype
Multi-family
Subdivision
Carleton Place

Property Description

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:2579)

Additional Information

Ownership
Freehold
Heating Fuel
Electric
Subdivision
Carleton Place
Parking Spaces
36
Levels
3
Country
Canada
Sewer
Municipal sewage system
Frontage Length
235 ft
Heating
Baseboard heaters
Total Number Of Units
24
Stories
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks