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The main unit features 2 spacious bedrooms, 1.5 bathrooms, and a comfortable layout perfect for a family or owner-occupant. The second and third units each offer 1 bedroom and 1 bathroom, ideal for rental income or extended family. With plenty of outdoor space, privacy, and easy access to major routes and conveniences, this property blends the best of country living with city connectivity." +"ArchitecturalStyle": "Bungalow-Raised" +"Basement": array:2 [ 0 => "Full" 1 => "Partially Finished" ] +"CityRegion": "58 - Greater Napanee" +"ConstructionMaterials": array:2 [ 0 => "Vinyl Siding" 1 => "Brick" ] +"Cooling": "None" +"Country": "CA" +"CountyOrParish": "Lennox & Addington" +"CoveredSpaces": "1.5" +"CreationDate": "2025-05-16T16:54:05.773509+00:00" +"CrossStreet": "Hwy 41/Drive-In" +"DirectionFaces": "North" +"Directions": "Hwy 41 north of 401 to Drive In Road West to #227" +"Exclusions": "Tenants Belongings" +"ExpirationDate": "2025-10-31" +"FoundationDetails": array:1 [ 0 => "Concrete Block" ] +"GarageYN": true +"Inclusions": "Fridge x3, Stove x 3, Dishwasher, Built-In Microwave, Washer, Dryer" +"InteriorFeatures": "Water Heater Owned" +"RFTransactionType": "For Sale" +"InternetEntireListingDisplayYN": true 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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!
Details
MLS® Number
X12038663
X12038663
Bedrooms
4
4
Bathrooms
3
3
Additional details
- Roof: Asphalt Shingle
- Sewer: Sewer
- Cooling: Central Air
- County: Lanark
- Property Type: Residential
- Pool: None
- Parking: Lane,Private
- Architectural Style: 2-Storey
Address
- Address 55 Lake E Avenue
- City Carleton Place
- State/county ON
- Zip/Postal Code K7C 1K7
- Country CA