215 - 150 MILL STREET, Carleton Place215 - 150 MILL STREET, Carleton Place — photo 2215 - 150 MILL STREET, Carleton Place — photo 3215 - 150 MILL STREET, Carleton Place — photo 4215 - 150 MILL STREET, Carleton Place — photo 5215 - 150 MILL STREET, Carleton Place — photo 6215 - 150 MILL STREET, Carleton Place — photo 7215 - 150 MILL STREET, Carleton Place — photo 8215 - 150 MILL STREET, Carleton Place — photo 9215 - 150 MILL STREET, Carleton Place — photo 10215 - 150 MILL STREET, Carleton Place — photo 11215 - 150 MILL STREET, Carleton Place — photo 12215 - 150 MILL STREET, Carleton Place — photo 13
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For Sale · Multifamily

215 - 150 MILL STREET, Carleton Place

215 - 150 MILL STREET, Carleton Place, ON K7C1T4

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

89%

About this property

Discover a one-of-a-kind 1 bedroom + den apartment in a beautifully restored historic mill on McArthur Island, right in the heart of Carleton Place. This unique space blends century charm with modern comfort, featuring exposed brick, original hardwood floors, and soaring ceilings that highlight the building's heritage. Large windows brighten the space with natural light and offer a partial view of the Mississippi River, adding to the atmosphere and appeal.The open living area feels warm and inviting, while the bedroom provides a comfortable retreat and the den offers flexible use - ideal for a home office, studio, or guest nook. The layout makes smart use of every square foot, balancing functionality with style.Just steps away, enjoy Bridge Street's shops, cafés, restaurants, scenic trails, and riverfront pathways - all within easy walking distance. A rare opportunity for those who appreciate history, architecture, and a walkable lifestyle in one of Carleton Place's most sought-after locations.Extras: Free surface parking for the first year (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

128,573

Households

44,736

Median income

$84,000

Median age

40

Daytime population

151,232

5-yr growth

5.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 215 - 150 MILL STREET, Carleton Place.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.