389 Thomas Street, Carleton Place, ON

$539,900
MLS#:X12520354
4 beds
2 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow-Raised"] duplex located in the coveted neighborhood of 909 - Carleton Place. Expertly crafted featuring premium brick front and vinyl siding construction, this residence presents an exceptional opportunity offered at $539,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 700-1100 sqft on a premium 60 x 100 ft lot
  • Features a ["apartment", "finished with walk-out", "full", "separate entrance", "walk-out", "finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: Accessory Apartment, In-Law Capability
  • equipped with ["window unit(s)"] central cooling and highly efficient forced air heating via gas

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 is tenant-occupied at $1,224.92/month and offers 1 bed + den, 4pc bath, its own laundry, a separate entrance & driveway. 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!

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
2
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 1, 2026
Sold price information is available to members only
Listed Date11/6/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDuplex
ConstructionBrick Front, Vinyl Siding
Lot Size60 × 100 Feet
CountyLanark
Annual Tax$3,960
Legal DescriptionLT 35 PL 40660 LANARK N RAMSAY ; S/T RN42804,RN44572 TOWN OF CARLETON PLACE

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Window Unit(s)"]

Features

Property Features

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

Community Features

Location

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389 Thomas Street, Carleton Place, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 389 Thomas Street, Carleton Place, ON K7C 3Z3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$431,920
Monthly Mortgage$2,510
Property Tax (Est.)$330
Utilities & Maint.$350
Total Monthly Cost$3,190

Strategic Fiscal Clarity

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