A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 55 Lake Ave, Carleton Place Ontario K7C 1K7
70 days on Market

55 Lake Ave, Carleton Place, Ontario K7C 1K7

Townhouse
4
3
~1500-2000 sqft
$699,900
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Townhouse
4
3
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$408/sqft

Est. Mortgage$3,006/mo

Tax Amount (2024)$3,582/yr

Days On Market70 days


Description

TRIPLEX Welcome to 55 Lake Avenue E! Discover this incredible investment opportunity in the ever-growing, family-friendly community of Carleton Place. This self-sufficient triplex boasts three spacious units with excellent layouts and in-suite laundry for added convenience. The property includes: Two 1-bedroom units, currently rented at $975/month and $1300/month. One 2-bedroom unit, currently rented at $1500/month. Together, these units generate an impressive $30,758 annual cash flow. The building features a private 4-car driveway and a large hedged yard, perfect for tenant enjoyment. Additionally, the property has a 100-amp electrical panel. Located in a prime area with easy access to Highway 417, this triplex is within close proximity to schools, parks, trails, the river, and all the amenities Carleton Place has to offer. Don't miss out on this exceptional opportunity to invest in one of the region's most desirable communities!


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size-
Parking Spaces4
MLS ®NumberX12038663
Community NameCarleton Place
Data SourceTRREB
Listing byINNOVATION REALTY LTD.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full, Unfinished

Main Floor

Living

3.99 x 5.18

Kitchen

3.97 x 4.27

Bathroom

1.82 x 1.85

Br

6.12 x 3.97


Parking

Garage spaces 2

Garage type Carport

Other parking spaces 2

Total parking spaces 4


Property History

Mar 24, 2025
ListedActive
$699,900
70 days on market
history photo preview30
Listing by trreb®
Property listed by INNOVATION REALTY LTD., Brokerage
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Market Data - Carleton Place

Geo Zone Map ThumbnailCarleton Place

Strong Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

22 days

Compared to

2024

23 days

2023

18 days

2022

45 days

New Listings

Past 30 days

14 listings

Compared to

2024

19 listings

2023

7 listings

2022

6 listings

Units sold

Past 30 days

11 units

Compared to

2024

7 units

2023

6 units

2022

7 units

Median Sold Price

Past 30 days

$549,900

Compared to

2024

$515,000

2023

$575,000

2022

$615,000


Population and Demographics

Overview

Total population 10455
Average household income $117,216

Age (%)

0 to 19
23%
65 and plus
21%
35 to 49
20%
50 to 64
19%
20 to 34
18%

Household composition (%)

Single family
66%
Single person
30%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
90%
French
5%
Others
3%
English and French
1%

House tenancy (%)

Owners
68%
Renters
32%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget