Description

A landmark waterfront development opportunity in the heart of Carleton Place. One of Carleton Place's most significant privately owned riverfront development opportunities, this exceptional 6.1-acre property offers extensive frontage along the Mississippi River just a short walk from the vibrant downtown core. Designated by the Town as a Strategic Property, the site presents an outstanding opportunity for future residential redevelopment, subject to all required approvals. Adjacent to Riverside Park, the public beach and recreational amenities, this rare offering combines a premier waterfront setting with municipal services and excellent access to Highway 7 and Ottawa. Vendor Take-Back financing may be considered for qualified purchasers. (id:66096)

Property Details

MLS®: X13697882
Property Type: Vacant Land
Zoning: Commercial
Lot Size: 6.10 acres
Frontage: 500 ft
Price per Acre: $737,705 per acre
Property Tax: $28,676/yr
Listed: 76 days ago

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

76d

Carleton Place listings, avg age

55d

List price

$4.50M

Homes here sell close to asking price

Homes in this market sold for an average of 98.0 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

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Listed by CENTURY 21 SYNERGY REALTY INC. · Baldvin Vidarsson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7C)

This home lists at $4,500,000, about 45.5× the local median household income of $99,000.

Carrying it typically needs a household income of about $879,008 (20% down, 25-yr amortization, stress-tested) — roughly 788% above the area median.

Median household income: $99,000
Population: 20,382
Median age: 44
Owner / renter: 79% / 21%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K7C)

$4,500,000

For sale

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Financing

Need a commercial mortgage?

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115 Emily Street, Carleton Place - Vacant Land for Sale