Opportunity meets flexibility in this well-located detached elevated bungalow with a fully renovated in-law suite, just minutes from downtown Kingston. This property offers two self-contained living spaces, making it ideal for investors, multi-generational families, or buyers looking to offset their mortgage with rental income. The main floor features a bright 3-bedroom 1-bathroom layout with a large kitchen that opens to the living room, creating a functional space for everyday living. With the upper unit fully vacant, the new owner has the flexibility to move in immediately or set their own rental rate. Downstairs, the large 48x48-inch windows bring in plenty of natural light, giving the space an open feel rarely found in basement units. The suite also includes a modern kitchen with a butcher block island and a renovated bathroom with a walk-in shower and tile finishes. The home features an efficient gas boiler heating system with separate zones for each unit, and the electrical system was updated since 2020. Outside, the property includes a detached single-car garage converted into an insulated workshop, ideal for hobbies, storage, or workspace. Located five minutes from downtown Kingston and within walking distance to Regiopolis Catholic High School and major transit routes, this property offers strong rental potential and long-term value. Whether you're searching for a live-in investment or a flexible income property, 43 Carleton Street offers both opportunity and location.