Welcome to 33 Napoleon Street, where timeless character, exceptional walkability and income potential come together in the heart of Carleton Place. This rare offering features two self-contained living quarters, two separate driveways and separate gas meters, providing outstanding flexibility for homeowners and investors alike. Live comfortably in the beautifully preserved three-bedroom main residence while generating approximately $20,000 annually from the rear one-bedroom suite, or lease both units for potential annual rental income of approximately $50,000. The main home showcases soaring 10-foot ceilings, stunning original millwork, oversized windows and light-filled principal rooms that blend historic charm with everyday comfort. Located just one block from vibrant downtown Carleton Place, you'll enjoy the convenience of walking to grocery stores, restaurants, cafés, boutiques, schools, parks, beaches, the library, hospital, clinics and scenic walking trails. The additional rental income can significantly offset monthly carrying costs, making homeownership more attainable while building long-term wealth through real estate. Whether you're searching for a charming century home with mortgage support or a turnkey investment opportunity, this is a property that delivers both lifestyle and financial value. Book your private showing today. Tenant in 1 bedroom unit currently - income awaits. Updates include: Seller purchased an addition of 871.88 sq.ft in the backyard (2025), Privacy cedars (2026), Washer/Dryer in unit A (2021), New refrigerator Unit A (2023), New 220amp panel Unit A (2021), stackable washer/dryer unit B (2022), total reno on unit B including electrical, plumbing, kitchen, bath, flooring, woodwork, trim, foundation support, exterior stairs, bedroom closet (2022 - $~65K+ value),gutters unit A&B (2021/22), window treatments and blinds unit A x13 (2022), 2x water heaters (2021), Front porch (2017),separate driveways (2013), garage roof & siding (2019) (id:60457) Location - Cross Streets: Lake Ave & Napoleon St. ** Directions: highway 7, turn north onto Napoleon.