$579,900
Available - For Sale
Listing ID: X12340704
389 Thomas Stre , Carleton Place, K7C 3Z3, Lanark
| 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: | $3815.00 |
| Occupancy: | 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 |
| 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 | 10.1 | |
| 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 | 6.3 | Combined w/Laundry |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Lower |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 4 | Lower |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Property Type: | Duplex |
| 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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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| CENTURY 21 SYNERGY REALTY INC. |
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Dir:
647-472-6050
Bus:
905-709-7408
Fax:
905-709-7400
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Lanark |
| Municipality: | Carleton Place |
| Neighbourhood: | 909 - Carleton Place |
| Style: | Bungalow-Raised |
| Tax: | $3,815 |
| Beds: | 3+1 |
| Baths: | 2 |
| Fireplace: | Y |
| Pool: | None |
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