For Sale Multi-Family

96 South Street S

$467,000 Est. $2,068/mo ↓

Lanark Highlands, Ontario K7H 0A2

3 Bedrooms
3 Bathrooms
1,500 - 2,000 sqft Interior
5 Parking spaces
70 X 138 Ft Lot size
5 days ago Listed
Central Air Conditioning Forced Air

About this home

Historic Charm Meets Modern Opportunity in Lanark Village Discover a unique investment or lifestyle opportunity in the heart of Lanark Village! This recently renovated duplex beautifully blends historic character with modern updates, offering versatility for investors, owner-occupants, or entrepreneurs looking to make the most of a distinctive property. The building features two separate units: a one-bedroom, one-bathroom unit on the ground floor and a spacious two-bedroom, one-and-a-half-bathroom unit on the upper 2 floors. Each unit has its own meter and heating/ventilating/air conditioning system, providing added independence and convenience. The potential to develop a third unit offers a variety of exciting possibilities for future expansion and increased income potential subject to municipal approval. Zoning also permits business use in one unit, provided the owner occupies the other, creating an excellent opportunity for a live-work arrangement. Whether you're looking to live in one unit while renting out the other, expand your investment portfolio, establish a home-based business, or explore the potential for a third unit, this property offers plenty of options to suit your vision. Heating features include in-floor radiant heating on the main floor and forced-air propane heating in the second unit. Upgraded plumbing, electrical and septic. A rare combination of historic charm, modern comfort, and future potential, all in the welcoming community of Lanark Village. Don't miss your opportunity to make this versatile property your own! (id:28469)

Facts & features

Property

MLS® Number
X14096820
Property Type
Multi-family
Community Name
919 - Lanark Highlands (Lanark Village)
Equipment Type
Propane Tank
Parking Space Total
5
Rental Equipment Type
Propane Tank

Building

Bathroom Total
3
Bedrooms Above Ground
3
Bedrooms Total
3
Appliances
Water Heater, Water Treatment, Dryer, Two Stoves, Washer, Refrigerator
Basement Type
None
Cooling Type
Central Air Conditioning
Exterior Finish
Stone
Foundation Type
Stone
Half Bath Total
1
Heating Fuel
Electric, Propane
Heating Type
Forced Air
Stories Total
3
Size Interior
1,500 - 2,000 Sqft
Type
Duplex

Parking

Other
—
Garage
—

Land

Acreage
No
Sewer
Septic System
Size Depth
138 Ft
Size Frontage
70 Ft
Size Irregular
70 X 138 Ft
Size Total Text
70 X 138 Ft

Monthly payment estimate

$
Estimated payment — per month
Mortgage amount
—
Total interest
—

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment
$2,068/mo
Ontario land transfer tax
$5,815 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The Lanark Highlands (Lanark Village) market

12 Active listings
$458,450 Median asking price
At the area median This home
38 days Avg. time on market
Browse all Lanark Highlands (Lanark Village) listings →

Rooms

Second Level

  • Kitchen 7.558 m x 3.92 m
  • Dining Room 3.831 m x 3.847 m
  • Living Room 3.811 m x 3.864 m
  • Bathroom 1.923 m x 1.009 m

Third Level

  • Bathroom 3.461 m x 2.969 m
  • Bedroom 7.579 m x 3.868 m
  • Bedroom 3.997 m x 3.868 m

Ground Level

  • Kitchen 4.483 m x 3.957 m
  • Living Room 4.307 m x 6.21 m
  • Bathroom 2.569 m x 2.704 m
  • Bedroom 4.322 m x 3.343 m

Location

96 South Street S, Lanark Highlands, Ontario K7H 0A2  ·  Get directions

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