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17 Moore St 6 Unit Apartment Building $1,712,207 USD ($285,368 USD/Unit) 5.50% Cap Rate Carleton Place, ON K7C 2R4
Investment Highlights
- Purpose-built in 2018, this mixed-use asset combines six residential units and two ground-floor commercial spaces within a single investment property.
- Located in Carleton Place, the property offers convenient access to local shops, services, and the growing Ottawa Valley market.
- Residential units feature private HVAC systems, in-suite laundry, dishwashers, private decks, and upgraded interior finishes.
- Rent control exemption on the residential units provides flexibility for future revenue growth and long-term investment potential.
Executive Summary
Purpose-built in 2018, this low-maintenance mixed-use building features six fully self-contained residential units and two ground-floor commercial spaces with a 5.5% cap-rate at asking. The residential mix includes two 3-bed, 2-bath units, one accessible 2-bed, and three spacious 2-beds all with private HVAC, in-suite laundry, dishwashers, decks, and upgraded finishes! All residential units are exempt from rent control, offering strong rental upside. The property is supported by an assumable CMHC-insured RBC mortgage ($1.45M @ 4.25%) and a potential second-position VTB, creating an attractive capital-light entry with immediate cash flow and long-term growth. An ideal hands-off investment with rent control exemption, strong in-place cash flow, and financing options that support a low-equity acquisition in one of Eastern Ontario's fastest-growing markets just outside of Ottawa.
Property Facts
| Price | $1,712,207 USD | Apartment Style | Low-Rise |
| Price Per Unit | $285,368 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.50% | Building Size | 9,360 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 0.64/1,000 SF |
| Zoning | C3 | ||
| Price | $1,712,207 USD |
| Price Per Unit | $285,368 USD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 9,360 SF |
| No. Stories | 3 |
| Year Built | 2018 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | C3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
| 2+1 | 4 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
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17 Moore St
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