The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
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!
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Owners vs Renters
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$2,049/mo
Mortgage (principal + interest)$1,747
Property taxFrom listing: $3,622/yr$302
Minimum $23,350 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$93,400
Ontario land transfer taxProvincial brackets, no first-time refund$5,815
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$102,015
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Lanark Highlands has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
