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$579,900
Available - For Sale
Listing ID: X12340659
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!
Price $579,900
Taxes: $3,815
Assessment Year: 2024
Occupancy by: Tenant
Address: 389 Thomas Stre , Carleton Place, K7C 3Z3, Lanark
Directions/Cross Streets: Located at the corner of Thomas Street and Ferrill Crescent.
Rooms: 7
Rooms +: 6
Bedrooms: 3
Bedrooms +: 1
Washrooms: 2
Family Room: T
Basement: Apartment
Finished wit
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 13.35 12.99 Gas Fireplace, Picture Window
Room 2: Main Dining Ro 9.64 12.96
Room 3: Main Kitchen 10.00 10.10
Room 4: Main Primary B 11.05 11.38
Room 5: Main Bedroom 2 13.05 9.51
Room 6: Main Bedroom 3 10.04 11.05
Room 7: Main Bathroom 5.22 7.51 4 Pc Bath
Room 8: Lower Living Ro 25.55 15.45 Gas Fireplace
Room 9: Lower Kitchen 10.99 11.74 Eat-in Kitchen
Room 10: Lower Bedroom 11.51 11.74
Room 11: Lower Den 7.74 7.38
Room 12: Lower Bathroom 13.05 4.85 4 Pc Bath
Room 13: Lower Utility R 6.23 6.30 Combined w/Laundry
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Lower
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Lower
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  4 Main
Washroom 12:  4 Lower
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Property Type: Detached
Style: Bungalow-Raised
Exterior: Brick Front
Vinyl Siding
Garage Type: None
(Parking/)Drive: Private Do
Drive Parking Spaces: 4
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Park #3
Parking Type: Available
Pool: None
Other Structures: Shed, Fence -
Approximatly Square Footage: 700-1100
Property Features: Beach
Golf
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Forced Air
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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CENTURY 21 SYNERGY REALTY INC.

389 Thomas Stre , Carleton Place, K7C 3Z3, Lanark


 
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At a Glance:
Type: Freehold - Detached
Area: Lanark
Municipality: Carleton Place
Neighbourhood: 909 - Carleton Place
Style: Bungalow-Raised
Lot Size: x 96.10(Feet)
Approximate Age:
Tax: $3,815
Maintenance Fee: $0
Beds: 3+1
Baths: 2
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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