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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!
Unit 1: Refrigerator, stove, hood fan, stackable washer and dryer. Unit 2: Refrigerator, stove, washer, dryer.
City: Carleton Place
Neighborhood: Carleton Place
Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
---|---|---|---|---|---|
Aug 12, 2025 | 2 | $579,900 | N/A | New | X12340704 |
Purchase Price | $579900 |
Down Payment | $115980 |
Mortgage Insurance | $0 |
Total Mortgage | $463920 |
Mortgage Payment | $2859 |
Property Taxes | $318 |
Maintenance Fees | $0 |
Monthly Payment | $3177 |
Sold Comparables homes near 389 Thomas St, Carleton Place
Located at 389 Thomas St , this Carleton Place house is available for sale. This property was listed for $579,900 on Tue Aug 12 2025. This house's size is 700-1100 Sqft. It has 3 bedrooms and 2 bathrooms. The property includes the following rooms: Living, Dining, Kitchen, Primary, 2nd Br, 3rd Br, Bathroom, Living, Kitchen, Br, Den, Bathroom, Utility. This property comes with 4 parking spots. 389 Thomas St, Carleton Place is situated in the Carleton Place neighbourhood.
MLS#: X12340659 · $579,900 · 3 bedroom house in Carleton Place, Carleton Place