Description

An exceptional opportunity to secure a versatile property in the rapidly expanding community of Carleton Place! Offering outstanding development and investment potential, 7 Smythe Road features flexible zoning permitting an extensive range of industrial, commercial, automotive, retail, service, and institutional uses. Permitted uses include automotive repair garages, body shops, service stations, manufacturing (Class I, II & III), workshops, warehouses, distribution centres, contractor shops, commercial storage, dry cleaning facilities, commercial greenhouses, fuel depots, propane refilling outlets, recreational vehicle sales and storage, municipal garages, laboratories, transportation depots, auditoriums, and more. Whether you're an investor, developer, or business owner looking to establish or expand your operations, this property presents an exciting opportunity to capitalize on the continued growth and development of Carleton Place. Unlock the potential. Explore the possibilities. Make your next investment count! (id:66096)

Market Timing

Days on market

Carleton Place listings, avg age

55d

List price

$600K

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

This vacant land in Carleton Place has been listed for 2 days, which is 53 days fresher than the city average of 55. Act while there is still low competition.

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Area context

Neighbourhood profile (K7C)

This home lists at $599,900, about 6.1× the local median household income of $99,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$599,900

For sale

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Financing

Need a commercial mortgage?

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7 Smythe Road, Carleton Place - Vacant Land for Sale

Description

Property Details

Market Timing

Location

Nearby Places

Neighbourhood profile (K7C)

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Need a commercial mortgage?