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!
For sale
C$699,900
55 Lake Ave E, Carleton Place, ON K7C 1K7
4beds
3baths
Triplex
Built in ----
-- sqft lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Spacious unitsExcellent layoutsIn-suite laundryLarge hedged yard
- 33 days
- on Zillow |
- 18 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: March 27, 2025 at 01:32pm
Listed by:
INNOVATION REALTY LTD.
Source: TRREB,MLS®#: X12038663
Originating MLS®#: OREB

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Forced Air, Gas
Cooling
- Central Air
Features
- None
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Living area range: 1500-2000 null
Property
Parking
- Total spaces: 4
- Parking features: Lane, Private
- Has carport: Yes
Features
- Stories: 2
- Patio & porch: Deck
- Pool features: None
Details
- Parcel number: 051220093
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Vinyl Siding
- Foundation: Poured Concrete
- Roof: Asphalt Shingle
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Carleton Place
Financial & listing details
- Annual tax amount: C$3,582
- Date on market: 3/24/2025
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