51 Albert Street, Carleton Place

$375,000
51 Albert Street

$375,000

New
21d
Detached2 1/2 Storey

51 Albert Street, Carleton Place

Total Monthly Obligation $2,223

Beds
3
Baths
2
Park
4
Sqft
2500-3000
DOM
21d
Score
64
Yield
10.2%
Cash on Cash
18.0%
Cap Rate
8.5%
5Y IRR
30.3%
10Y IRR
27.2%
Property Type-Detached
MLS® Number-X13857314
Beds-3
Bathrooms-2
Size-2500-3000 sqft
Lot Size-64.89 × 77 ft
Listed on site-Oct 2, 2026
Style-2 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$4,028.89 (2026)
Parking-4 - None
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-REMAX BOARDWALK REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Stone, Concrete Block
Roof-Metal, Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-Flexible
Neighbourhood-909 - Carleton Place
Title-Residential Freehold

No agent assigned

Here is your chance to bring an old home back to life. Built in 1910, this stone home sits on a corner lot, a short walk to downtown Carleton Place, the library and Riverside Park. Many original features are still here, like the wood doors and trim, the staircase, the transom window over the front door and two clawfoot tubs, one upstairs and one on the main floor. With almost 2,800 sq ft above grade, there is lots of room to work with: 3 bedrooms, 2 bathrooms and a large third floor. The second floor laundry room could go back to a bedroom, since there is an old laundry hookup in the basement. The home needs a full renovation, including flooring, kitchen and bathrooms, plus a full look at the electrical, plumbing, windows and roof. Gas forced air heat with a furnace about 12 years old. Municipal water and sewer. Full basement for storage. Sold as is, where is.

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$
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%
$
$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$300,000
Land Transfer Taxes$4,100
Legal Fees (Est.)
$
Total cash required for closing$80,600

Total Monthly Obligation

$2,223/mo
Mortgage $1,513
Monthly Loss $1,825
Principal$398
Interest$1,115
Property Tax$336
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
6.9%62
Cash-on-Cash
9.8%49
5-Year IRR
23.8%97
10-Year IRR
22.0%
Returns Index
70.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeB
64/ 100
Fair•Hold / Negotiate

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$38,400/yr
NOI
$26,031/yr
Net Cash Flow
$657/mo
Cash Margin
20.5%75
Cash Flow Index
75.1/ 100
Risk Profile
Weight: 20%
DSCR
1.4368
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo72
Risk Index
52.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 51 Albert Street

Time

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