About Property

Nestled in the peaceful and picturesque village of Carp, this well-maintained bungalow offers a unique investment opportunity with 3 legal self-contained apartments under one roof. Set on a spacious lot with Village Mixed Use zoning, this property combines small-town charm and practicality. With the necessary city permits, there is the potential to build a coach house in the backyard. The property has 400 amp service, 3 hydro meters (plus one rough-in), 3 electric hot water tanks that are owned (2015), and plenty of parking space. The building consists of 1 x bachelor that is rented for $1,025 plus hydro, 1 x 2-bedroom rented for $1,230 plus hydro, and 1 x 3-bedroom rented for $1,281 plus hydro. The lease terms end in 2026. The units are equipped with washers and dryers. The 2024 operating expenses were Maintenance $645, Property taxes $2,674, Insurance approximately $3,009, Water/Sewer $1,083, Snow Removal $791. The seller manages the property and handles the grass cutting. Updates include the roof (2022) and several windows (2023). The Final Occupancy Permit will be available soon. The tenant in the bachelor unit C has a large dog, and access to it is limited until a conditional sale is in place. Photos are of the 2-bedroom unit only. Please allow 24-hours notice for all showings.

Features