58 Lake Avenue E, Carleton Place

$545,000
58 Lake Avenue E

$545,000

New
23d
Detached2-Storey

58 Lake Avenue E, Carleton Place

Total Monthly Obligation $2,858

Beds
4
Baths
2
Park
2
Sqft
1500-2000
DOM
23d
Score
29
Yield
7.1%
Cash on Cash
6.5%
Cap Rate
6.0%
5Y IRR
20.8%
10Y IRR
18.9%
Property Type-Detached
MLS® Number-X13844052
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-50 × 210 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,421 (2026)
Parking-2 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-INNOVATION REALTY LTD
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Wood
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Sewer
Possession-TBA
Neighbourhood-909 - Carleton Place
Title-Residential Freehold

No agent assigned

Welcome to 58 Lake Ave East in the growing "small town" of Carleton Place.Nestled close to downtown where you can walk to all of the shops, restaurants, festivals, parks, Mississippi River, and the Farmer's Market right across the street. The Ottawa valley recreational trail is also just steps away.This charming home may have one of the prettiest porches in all of town! Enjoy a good book, hang out with the kids, or chat with the neighbours over a glass of wine. There is something special about century homes and this home offers plenty of charm and warmth throughout. Notice the original front door leads to a cozy foyer, formal dining room, and the bright spacious living room showcasing wood floors. The kitchen has been completely remodelled with all of the modern amenities for the chef in the family and looks over a lovely year round sunroom. This may be your favourite space in the home! The sunroom leads to an expansive backyard with a pond, deck area for entertaining, and tons of space to play and run, as well as a large storage shed. The laundry it tucked into the kitchen with access to another storage room and a cute powder room. The original refinished staircase leads to 3 bedrooms plus a bonus 4th bedroom or quaint office space/nursery. The main bathroom is quite large and has been remodelled as well. The roof, central air, furnace, and wiring have been updated. Parking for 2 cars in the laneway is to the right of the house and leads to the backyard.They don't build homes like this anymore. Book your visit today! 24 hour irrevocable on all offers.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$436,000
Land Transfer Taxes$7,375
Legal Fees (Est.)
$
Total cash required for closing$117,875

Total Monthly Obligation

$2,858/mo
Mortgage $2,198
Monthly Loss $2,280
Principal$579
Interest$1,620
Property Tax$285
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.9%37
Cash-on-Cash
0.5%8
5-Year IRR
16.1%77
10-Year IRR
15.4%
Returns Index
41.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
29/ 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
$38,700/yr
NOI
$26,909/yr
Net Cash Flow
$44/mo
Cash Margin
1.4%6
Cash Flow Index
6.1/ 100
Risk Profile
Weight: 20%
DSCR
1.0228
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
34.3/ 100

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

Comparables

Properties near 58 Lake Avenue E

Time

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Data last updated within the past 24 hours.