1 / 23

Investment signal

$349,000

88 CHARLES STREET

Save this home

Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Investment signal

Text Hasan Open map Ask a question

Location 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.

About this home

ATTENTION INVESTORS & CONTRACTORS: Great investment opportunity in a prime location in Carleton Place. This 4 bedroom, 2 bathroom home is ready to be brought back to it's former glory. This century home sits on a large lot, nestled on a quaint street of well-maintained homes. The main level offers a large eat-in kitchen, living room with wood-burning fireplace, family room, full bathroom, bonus room perfect as a mudroom or den; PLUS an enclosed front porch. Upstairs you'll find 4 bedrooms, and a full bathroom. The deep lot includes an oversized garage for at least 2 cars (requires repairs). A fantastic location within walking distance to the heart of downtown Carleton Place. The potential is endless! (id:65958)

Subtype: Single Family
Structure: House
Community: 909 - Carleton Place
Common interest: Freehold
Lot dimensions: 42.5 x 87 FT
Bedrooms: 4 above grade
Parking: 3 total
Stories: 2
Fireplace: 1
On market: Apr 17, 2026
Status changed: Apr 24, 2026
Annual tax: $2,617 (2025)
Photos: 23
MLS#: X13013096
Area: CARLETON_PLACE

Features and systems

Parking

Detached GarageGarage

Basement

UnfinishedN/A

Heating

Forced airNatural gas

Cooling

None

Exterior

Vinyl siding

Foundation

Stone

Lot

Carpet Free

Positive cash flow ~$664/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

11.42%

Cap rate

7.15%

GRM

10.0

Break-even rent

$2,201

Financing

Down payment$69,800

Loan amount$279,200

Mortgage$1,415/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160

Insurance$80

Maintenance$291

CapEx reserve$145

Vacancy loss$145

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.

Mortgage estimate

Estimated $1,415/mo at 4.5% with 20% down, 30-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 24, 2026.