Carleton Place, ON K7C3Z3 389 THOMAS STREET

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Presented By: CENTURY 21 SYNERGY REALTY INC.
  • MLS# X12340704
  • 08/12/2025
  • Request Tour
  • Request Info
  • Beds • 3+1
  • Baths • 2
  • SQFT • 700 - 1100

Home Details

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! (id:7434)
Presented By: CENTURY 21 SYNERGY REALTY INC.

Interior Features for 389 THOMAS STREET

Bedrooms

Bedrooms3+1

Other Interior Features

Basement DevelopmentFinished
Basement TypeN/A (Finished)
Building Fireplace PresentTrue
Building Fireplace Total2
Building Heating FuelNatural gas
Building Heating TypeForced air
Living Area Range700 - 1100

General for 389 THOMAS STREET

AmenitiesBeach, Golf Nearby, Hospital, Schools
Building AmenitiesFireplace(s)
Building AppliancesDryer, Hood Fan, Stove, Washer, Refrigerator
Building Architectural StyleRaised bungalow
Building Basement FeaturesApartment in basement, Walk out
Building Cooling TypeWindow air conditioner
Building TypeDuplex
Building.StoriesTotal1
Community FeaturesSchool Bus, Community Centre
CommunityName909 - Carleton Place
FeaturesFlat site, In-Law Suite
Foundation TypeBlock
Location DescriptionLocated at the corner of Thomas Street and Ferrill Crescent.
Parking Space Total4
Property TypeMulti-family
Suite - LegalNo
Zoning DescriptionR2

Exterior for 389 THOMAS STREET

Exterior FinishBrick Facing, Vinyl siding
Fence TypeFully Fenced
Land Amenities Beach, Golf Nearby, Hospital, Schools
Landscape FeaturesLandscaped
SewerSanitary sewer
StructureDeck, Shed

Additional Details

Paul Dojcinovic

TEAM LEADER, REALTOR® at eXp Realty
Price $579,900
MLS#X12340704
List Date 08/12/2025
Property Type Multi-Family
Phone 403.608.2191
Request Tour
Request Info
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