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389 Thomas Street Carleton Place, Ontario K7C 3Z3

4 Bedroom 2 Bathroom 700 - 1,100 ft2
Raised Bungalow Fireplace Window Air Conditioner Forced Air Landscaped

$579,900

This solid bungalow on a desirable corner lot in Carleton Place is fully developed with an in-law suite in the lower level offering flexibility for investors, multi-generational families, or owner-occupiers looking for a mortgage helper. The updated top floor has it's own entrance & driveway, featuring 3 beds/1 bath, a corner gas fireplace in the living room and stackable washer/dryer. Current tenants pay $1,670.66/month all-inclusive, providing steady income from day one. The self-contained lower level offers 1 bed + den, 4pc bath, it's own laundry, a separate entrance & driveway & will be vacant by October 1, 2025, allowing you to choose your own tenants and set your rent (estimated at $1,600/month). Enjoy a 5% cap rate based on projected income. The corner lot provides space privacy with each unit having their own deck, driveway, and private fenced yard. Carleton Place is one of Eastern Ontario's fastest-growing communities, known for its charming small-town atmosphere, strong economy, and easy access to Ottawa. Just 26 minutes to Kanata and under 45 minutes to downtown Ottawa, its a prime choice for commuters seeking more space and affordability without sacrificing amenities including grocery stores, big-box retailers, boutique shops, restaurants & recreational facilities. A vibrant historic downtown along the Mississippi River attracts residents & visitors alike with cafes, galleries & seasonal events. With rapid population growth and limited rental supply, there is a strong rental demand and competitive market rents. Infrastructure improvements, new housing developments, and expanding services continue to enhance property values. For families, the community offers quality schools, parks, trails, and waterfront activities. Whether you're seeking a stable rental investment or a home in a growing, commuter-friendly town, Carleton Place delivers a balance of lifestyle and opportunity. Recent fire code inspection & expenses on file. Call to book your showing today! (id:43934)

Property Details

MLS® Number X12340704
Property Type Multi-family
Community Name 909 - Carleton Place
Amenities Near By Beach, Golf Nearby, Hospital, Schools
Community Features School Bus, Community Centre
Equipment Type Water Heater
Features Flat Site, In-law Suite
Parking Space Total 4
Rental Equipment Type Water Heater
Structure Deck, Shed

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Below Ground 1
Bedrooms Total 4
Amenities Fireplace(s)
Appliances Dryer, Hood Fan, Stove, Washer, Refrigerator
Architectural Style Raised Bungalow
Basement Development Finished
Basement Features Apartment In Basement, Walk Out
Basement Type N/a (finished)
Cooling Type Window Air Conditioner
Exterior Finish Brick Facing, Vinyl Siding
Fire Protection Smoke Detectors
Fireplace Present Yes
Fireplace Total 2
Foundation Type Block
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 700 - 1,100 Ft2
Type Duplex
Utility Water Municipal Water

Parking

No Garage
R V

Land

Acreage No
Fence Type Fully Fenced
Land Amenities Beach, Golf Nearby, Hospital, Schools
Landscape Features Landscaped
Sewer Sanitary Sewer
Size Depth 96 Ft ,1 In
Size Frontage 60 Ft ,3 In
Size Irregular 60.3 X 96.1 Ft
Size Total Text 60.3 X 96.1 Ft
Zoning Description R2

Rooms

Level Type Dimensions
Lower Level Den 2.36 m x 2.25 m
Lower Level Bathroom 3.98 m x 1.48 m
Lower Level Utility Room 1.9 m x 1.92 m
Lower Level Living Room 7.79 m x 4.71 m
Lower Level Kitchen 3.35 m x 3.58 m
Lower Level Bedroom 3.51 m x 3.58 m
Main Level Living Room 4.07 m x 3.96 m
Main Level Dining Room 2.94 m x 3.95 m
Main Level Kitchen 3.05 m x 3.08 m
Main Level Primary Bedroom 3.37 m x 3.47 m
Main Level Bedroom 2 3.98 m x 2.9 m
Main Level Bedroom 3 3.06 m x 3.37 m
Main Level Bathroom 1.59 m x 2.29 m

https://www.realtor.ca/real-estate/28724740/389-thomas-street-carleton-place-909-carleton-place

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