115 Mary Street, Carleton Place

$624,000
115 Mary Street

$624,000

New
16d
Detached2-Storey

115 Mary Street, Carleton Place

Total Monthly Obligation $3,219

Beds
3
Baths
2
Park
4
Sqft
1500-2000
DOM
16d
Score
18
Yield
4.6%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Detached
MLS® Number-X13873580
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-69.5 × 94 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,918 (2026)
Parking-5 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-REMAX BOARDWALK REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Metal
Foundation-Stone
Sewer-Sewer
Possession-TBD
Neighbourhood-909 - Carleton Place
Title-Residential Freehold

No agent assigned

Welcome to 115 Mary Street, a charming blend of character, craftsman details, and exceptional outdoor spaces right in the heart of Carleton Place. Step inside through the inviting front entrance into a main living area highlighted by warm wide-plank hardwood flooring and a built-in display buffet with glass doors and custom storage. The spacious, light-filled kitchen offers rich wood cabinetry, stainless steel appliances including a side-by-side refrigerator/freezer, a movable center island on casters, recessed lighting, and seamless sightlines into the adjacent dining area. Upstairs, cozy sleeping quarters feature sloped ceilings, rustic slatted wood floors, and bright windows that bring in plenty of natural light. Outside, the property shines with a private, fully covered outdoor lounge space complete with a hot tub, ideal for year-round relaxation and entertaining. Tradespeople, hobbyists, or DIY enthusiasts will appreciate the substantial detached shop and garage, fully finished with pot lights, high ceilings, and ample room for tools, equipment, or projects. Situated just minutes from downtown shops, local dining, parks, and the Mississippi River, this property delivers central Carleton Place living with incredible versatile space.

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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$499,200
Land Transfer Taxes$8,955
Legal Fees (Est.)
$
Total cash required for closing$135,255

Total Monthly Obligation

$3,219/mo
Mortgage $2,517
Monthly Loss $2,556
Principal$662
Interest$1,855
Property Tax$327
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.2%24
10-Year IRR
9.2%
Returns Index
13.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$28,800/yr
NOI
$17,502/yr
Net Cash Flow
-$1,059/mo
Cash Margin
-44.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.9/ 100

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

Comparables

Properties near 115 Mary Street

Time

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Data last updated within the past 24 hours.