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Jethro Seymour

[email protected] +1(416) 712-0767

$ 579,900

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389 Thomas ST Carleton Place, ON K7C 3Z3

4 Beds

2 Baths

UPDATED:

Key Details

Property Type Single Family Home, Condo

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision 909 - Carleton Place

MLS Listing ID X12340659

Style Bungalow-Raised

Bedrooms 4

Annual Tax Amount $3,815

Tax Year 2024

Property Sub-Type Detached

Lot Depth 96.1

Lot Front 60.25

Appx SqFt 700-1100

Property 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!

Location

Province ON

County Lanark

Community 909 - Carleton Place

Area Lanark

Rooms

Family Room Yes

Basement Apartment, Finished with Walk-Out

Kitchen 2

Separate Den/Office 1

Interior

Interior Features Accessory Apartment, In-Law Suite, Primary Bedroom - Main Floor, ERV/HRV

Cooling Window Unit(s)

Fireplaces Type Family Room, Rec Room, Natural Gas, Living Room

Fireplace Yes

Heat Source Gas

Exterior

Exterior Feature Deck, Landscaped

Parking Features Private Double, Available, RV/Truck

Pool None

Roof Type Asphalt Shingle

Topography Flat

Lot Frontage 60.25

Lot Depth 96.1

Total Parking Spaces 4

Building

Unit Features Beach,Golf,Hospital,School,School Bus Route,Rec./Commun.Centre

Foundation Concrete Block

Others

Security Features Smoke Detector

Listed by CENTURY 21 SYNERGY REALTY INC.

Jethro Seymour

Broker

+1(416) 712-0767

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Jethro Seymour

389 Thomas ST Carleton Place, ON K7C 3Z3

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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389 Thomas ST