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Investment signal

$650,000

189-191-193 MOFFATT STREET

Beds

Baths

Sqft

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Year

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Location

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About this home

This beautifully maintained TRIPLEX (owned by the same owners since 2004) located in a highly sought-after neighborhood, presents an incredible investment opportunity. Just a block away from Centennial Park, residents can easily access a dog friendly beach, expansive greenspace, and peaceful walking trails. The property is conveniently walking distance from downtown Carleton Place, offering a variety of quaint shops and restaurants. Highlights include a huge backyard, parking for 4 cars, and recent upgrades like a new roof and eavestroughs in 2023, and a fresh exterior repaint in 2025. The triplex features three units with recent renovations: Unit #189 updated in 2023 is a 1 bdrm upper unit. Unit #193 refurbished in 2024 is a 2 bdrm upper unit. Unit #191 freshly painted in 2026 is a 3 bdrm main floor unit. Most windows have been upgraded over the years, enhancing energy efficiency. All units have their own hot water tanks that are owned not rented. This property is a fantastic opportunity for both seasoned investors and newcomers to the real estate market, promising immediate and long-term rewards in a charming community. 24 hour irrevocable on all offers. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: 909 - Carleton Place
Lot dimensions: 55 x 102 FT
Bedrooms: 6 above grade
Parking: 4 total
Stories: 2
On market: Apr 14, 2026
Status changed: Apr 14, 2026
Annual tax: $3,534 (2025)
Zoning: Residential
Photos: 50
MLS#: X12997890
Area: CARLETON_PLACE

Features and systems

Parking

No Garage

Basement

Other, See RemarksN/A

Appliances

RefrigeratorStoveWater Heater

Heating

Baseboard heatersForced airNot knownNot knownElectricNatural gas

Cooling

None

Exterior

Wood

Foundation

Stone

Utilities

SewerElectricity

Negative cash flow ~$1,246/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.50%

Cap rate

3.59%

GRM

16.4

Break-even rent

$4,611

Financing

Down payment$130,000

Loan amount$520,000

Mortgage$3,190/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$298

Insurance$80

Maintenance$542

CapEx reserve$271

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Carleton Place. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,190/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 14, 2026.