2 days on market
$579,900
For Sale

389 Thomas St

Carleton Place, Carleton Place

3+1 Bed|2+1 Bath|Yes|2 days on market

$579,900

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Home Details

Taxes
$318 / month
Total Parking Spots
4
Driveway
Pvt Double, Available, RV/Truck
Garage Spaces
NaN
Furnished
No
Lot Size
60.25 x 96.1 Feet
Move-in Date
Flexible
Hydro Included
No
Heating
Forced Air
Water Included
No
Kitchens
2
Family Room
Yes
Basement
Apartment, Fin W/O
Fireplace
Y
Air Conditioning
Window Unit
Central Vaccum
No
Laundry Access
Main
Exterior
Brick Front, Vinyl Siding
Zoning
R2
Sewer
Sewers
Property Type
Detached
Style
Bungalow-Raised
Status
New
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Listing Description

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.

Property History

or to view this property's history
Listing DateDOMList PriceSold PriceEventMLS ID
Aug 12, 20252$579,900N/ANewX12340704

Rooms

Room dimensions for 389 Thomas St, Carleton Place
Living
13 x 13169 sqft
Dining
10 x 13130 sqft
Kitchen
10 x 10100 sqft
Primary
11 x 11121 sqft
2nd Br
13 x 10130 sqft
3rd Br
10 x 11110 sqft
Bathroom
5 x 840 sqft
Living
26 x 15390 sqft
Kitchen
11 x 12132 sqft
Br
12 x 12144 sqft
Den
8 x 756 sqft
Bathroom
13 x 565 sqft
Utility
6 x 636 sqft

Market Trends and Insights

Mortgage Calculator

Your estimated monthly payment for 389 Thomas St is 3177

Price

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Total Mortgage


Purchase Price$579900
Down Payment$115980
Mortgage Insurance$0
Total Mortgage$463920

Monthly Payment


Mortgage Payment$2859
Property Taxes$318
Maintenance Fees$0
Monthly Payment$3177
$3177
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About 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