3 Beds 2 Bath

389 Thomas Street, Carleton Place, ON K7C 3Z3

Carleton Place K7C 3Z3 Ontario

MLS: X12340659

$579,900

Added 25 days ago | For Sale

Listed by: CENTURY 21 SYNERGY REALTY INC.

About Property

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!

Features

  • House Style:Detached
  • Bathrooms:2
  • Land Size: 60.25 X 96.1
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Located at the corner of Thomas Street and Ferrill Crescent.
  • Basement:Apartment,Finished with Walk-Out , Apartment,Finished with Walk-Out
  • Possession Date:Flexible
  • Annual Property taxes: $3815
  • Bedrooms:3 +1
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:X12340659

Level Type Features Dimensions
Main Living Room Gas Fireplace, Picture Window 13 ft, 4 in x 13 ft
Dining Room 9 ft, 8 in x 13 ft
Kitchen 10 ft x 10 ft, 1 in
Primary Bedroom 11 ft, 1 in x 11 ft, 5 in
Bedroom 2 13 ft, 1 in x 9 ft, 6 in
Bedroom 3 10 ft x 11 ft, 1 in
Bathroom 4 Pc Bath 5 ft, 3 in x 7 ft, 6 in
Lower Living Room Gas Fireplace 25 ft, 7 in x 15 ft, 5 in
Kitchen Eat-in Kitchen 11 ft x 11 ft, 9 in
Bedroom 11 ft, 6 in x 11 ft, 9 in
Den 7 ft, 9 in x 7 ft, 5 in
Bathroom 4 Pc Bath 13 ft, 1 in x 4 ft, 10 in
Utility Room Combined w/Laundry 6 ft, 3 in x 6 ft, 4 in

No property rooms available.

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