NEWLY PRICED!

Red brick Commercial building, ideally located on the sought after sunny side of Bridge Street Carleton Place. This expansive, centrally located C1 property is the heart of an exploding Community in the Ottawa Valley…. The expansion of Hwy #7 to 4 lanes direct from the City of Ottawa has made this an exciting location for eager Entrepreneurs to embark in a new Business or Re-Locate an existing business to this thriving “Bedroom Community”. Make a solid investment in your Real Estate portfolio in this up and coming rural community. Many Small Businesses are very successful in operating unique stores in this competitive satellite Town. The growing number of loyal customers and tourists from surrounding communities clearly illustrates the growth pattern in the Town. This progressive Community is quickly becoming a destination for developers and investors, a sound choice worthy of detailed investigation.  

Let’s talk about this Mississippi River Town… In this unique Valley Town, tourists and residents alike stroll down our main Street and enjoy the tranquility and uniqueness of this friendly, quickly growing Valley Town.  Carleton Place offers; an excellent Hospital, Library, Recreational Facilities, Shopping, Restaurants, Catholic, Public, French & Private Schools, and much much more….  

Business Development;

Hwy # 7 Corridor, the McNeely Drive Commercial Plazas, and 3 Industrial Parks offer a wide range of Business and Recreational facilities. A “State of the Art” Fitness Facility, National name brand ‘Box’ Stores; Wal-Mart, RONA, Home Depot, Staples, Canadian Tire, & the new LCBO/ 2010.   

Proximity and quick access to City of Ottawa, Canada’s Capital, fourth largest Metropolitan area in Canada 

Low Land and Business Taxes  

Specifications

2 Storey Heritage Brick Commercial building located on Sunny side of Bridge Street, Carleton Place, Superb 1100 Square Ft Main Street Storefront Exposure (Rent $900/Month plus Utilities).  Upper Level Boasts Newly Renovated Bachelor Apartment (Rent $705/Month) plus One Bedroom Apartment (Rent $650/Month).   

Style 2 Storey Commercial Building plus 2 Residential Apartments Lot Size Imp: 18.00 ft x 88.30 ft
Possession Immediate Leases Month to Month/No Written Leases
Age --- Zoning Community Commercial (C1)
Realty Taxes $4823.34/2011 Heat Forced Air Gas
Roll # 0928020035043000000
Legal Description Plan 276 Pt Lot 10 Pt Lot 11 Town of Carleton Place
inclusions 2 Refrigerators, 2 Stoves, (in Apartments) Shelving in Store 
Exclusions Nil
Rental Hot Water Tank, $26.00 Month/Store 
Mailing Address 113 Bridge Street, Carleton Place, Ont., K7C 2V4
Directions: Hwy 7 to Carleton Place, right on Franktown to downtown core.. - Google Maps

Virtual Tour & Slideshow

Upgrades & Features
  • Location; Centrally Located on Sunny Side of the Street in the Downtown  Core
  • High Traffic area, busy intersection
  • Traffic Lights in front of storefront
  • Marketing; Excellent storefront advertising with expansive windows for display purposes
  • Parking: Upper level Tenants utilize 2 non metered municipal parking lots across the street for customers
  • Parking; 1 parking spot at rear for Store, easily  accessed from rear door
  • Deliveries; Rear access to Store for delivery of merchandise  
  • Access; 1 Bedrm apt offers convenient 2nd access (staircase privately located at rear of store)
  • Entrances; Both 2nd Floor Apartments accessed by private entrance on Bridge St. (adjacent Storefront)
  • Store: 1100 sq ft Store: freshly redecorated, floors refinished, up to date lighting, shelving installed/ 2009
  • Store amenities; Kitchenette and 2 pc Bth at rear
  • Storage; Large Lower Level Basement area, ideal for storage of merchandise, stock, shelving etc.
  • Gas Furnace replaced 2001(located in basement)
  • Separate meters located in Basement
  • Roof Resurfaced/1997
  • Exterior Brick re-pointed in 1999/2000
  • Bachelor Apartment; Newly Drywalled/2007/
  • Bachelor; Freshly painted 2011
  • 1 Bdrm Apt; Large  Living Room, Full Bth, Dining Room, Large Bedroom, Storage, Rear access
  • Excellent potential for Rental Income
  • Hydro: Separate Hydro Meters for Apartments (Hydro plus Electric Baseboard heating) Currently pd by Tenants
  • Approx 1100 Sq ft on both Levels
Prperty Documents

Property Documents: 
Land Survey: Available

Yearly Income 

1100 Sq Ft Retail Space $10,800
1 Bachelor Apt ($705) $ 8,460
1 Bdr Apt         ($650) $ 7,800
   
TOTAL $27,060
 
 
 
Yearly Expenses
Water:Store/Apts $  1524
Taxes $  4,823
Hydro $  2456
Heat:Gas(Store+1 Bdr) $  1,374
HWT: (Incl  in Heat) $    0
Insurance $  2,200
Management $    
TOTAL $ 12,377
 
 
Net Income:                                     $14,683. 
 

Leases: Month to Month Leases on Apartments #1 & #2

Currently no written leases in place 

Store: Equestrian Retail Store, owned by property owners 

Note:

Management & Maintenance by Seller/Corporation 

 


The above-information is believed to be accurate but is not warranted.
RE/MAX metro-city realty ltd.

Barbara Couch
Tel: (613) 253-0518
Tel: (613) 596-5353
Fax: (613) 253-1167

Email Barbara Couch