The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Nearly one full acre (42,528 sq ft / 0.976 ac) of vacant land just a short drive from Kanata, situated at the prominent intersection of Highway 7 and Mississippi Road in Carleton Place - one of the region's highest-traffic and most commercially visible corners, offering exceptional exposure for any future development. The property's Spicer Street frontage of approximately 39 ft provides a defined residential access point, and a prospective buyer may wish to explore severing this Spicer Street frontage section to develop a single or multifamily residence in line with the adjacent Spicer Street homes, while retaining the substantial remaining rear portion of the site fronting on Highway 7 and Mississippi Rd for multi-family development - a potential severance strategy that could generate additional development projects to fit in on the Spicer Street side while maximizing the remaining land's potential for multifamily (zoning in place). The site is zoned Mississippi Sector Residential with density allowances currently permitting up to 13 residential units at the present full lot size. The site offers full municipal services available at the street. Buyers with a commercial vision may also wish to explore a rezoning application for retail/office mixed-use given the high daily traffic volumes and the surrounding mix of commercial and residential uses along Highway 7 already established along this corridor. Carleton Place has emerged as one of Eastern Ontario's fastest-growing communities, with new residential subdivisions absorbing quickly and commercial development along the Highway 7 corridor accelerating, making this a compelling opportunity for a developer or investor looking to build into a market that continues to outpace supply. Note: all zoning permissions, severance potential, and development options to be confirmed by the buyer with the Town of Carleton Place planning department and their own legal counsel. Note: Municipal address is PLAN 27M28 BLK 7
Demographic data is not available for this area yet.
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Age Groups
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Owners vs Renters
Ownership data is not available.
Household Type
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,865/mo
Mortgage (principal + interest)$2,712
Property taxFrom listing: $1,830/yr$153
Minimum $47,500 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$145,000
Ontario land transfer taxProvincial brackets, no first-time refund$10,975
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$158,775
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Carleton Place has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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