487 Joseph Street, Carleton Place

$479,900
487 Joseph Street

$479,900

New
3d
Semi-Detached Backsplit 3

487 Joseph Street, Carleton Place

Total Monthly Obligation $2,558

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
3d
Score
27
Yield
6.9%
Cash on Cash
5.4%
Cap Rate
5.7%
5Y IRR
19.9%
10Y IRR
18.2%
Property Type-Semi-Detached
MLS® Number-X14098268
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-40.23 × 120 ft
Listed on site-Oct 20, 2026
Style-Backsplit 3
Building Type-Semi-Detached
Taxes-$2,967 (2026)
Parking-4 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE ADVANTAGE REAL ESTATE LTD
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-909 - Carleton Place
Title-Residential Freehold

No agent assigned

Welcome to your new home! Ideally located in Carleton Place, this inviting 3-bedroom, 2-bathroom semi-detached home offers comfortable living, a functional layout and a spacious, fully fenced backyard. Enjoy the convenience of being close to schools, parks, shopping and everything this vibrant community has to offer.The bright, updated kitchen features included appliances and opens seamlessly to the dining area, creating a welcoming space for everyday living and entertaining. The cozy living room is highlighted by an electric fireplace, adding warmth and charm. Three generously sized bedrooms share an updated 4-piece bathroom. The finished lower level extends your living space with a versatile family room perfect for relaxing, movie nights or family fun, along with a convenient 2-piece bathroom. Additional features include an efficient natural gas furnace, central air conditioning, a large storage shed and parking for up to four vehicles. Step outside to the expansive fenced backyard and deck area offering plenty of room for children, pets, gardening or summer gatherings. A wonderful opportunity for first-time buyers, families or anyone looking for comfortable living in a fantastic location!

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

Closing Costs

Mortgage Amount
$383,920
Land Transfer Taxes$6,073
Legal Fees (Est.)
$
Total cash required for closing$103,553

Total Monthly Obligation

$2,558/mo
Mortgage $1,936
Monthly Loss $2,049
Principal$509
Interest$1,426
Property Tax$247
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.6%34
Cash-on-Cash
-1.0%6
5-Year IRR
14.9%71
10-Year IRR
14.5%
Returns Index
37.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 100
Avoid•Pass

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

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$33,000/yr
NOI
$22,233/yr
Net Cash Flow
-$83/mo
Cash Margin
-3.0%3
Cash Flow Index
2.6/ 100
Risk Profile
Weight: 20%
DSCR
0.9624
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
35.2/ 100

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

Comparables

Properties near 487 Joseph Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.