85 South Street, Lanark Highlands

$570,000
85 South Street

$570,000

Price Change
148d
Detached2-Storey

85 South Street, Lanark Highlands

Total Monthly Obligation $2,931

Beds
3
Baths
3
Park
3
Sqft
2000-2500
DOM
148d
Yield
4.8%
Cash on Cash
-3.2%
Cap Rate
3.9%
5Y IRR
13.0%
10Y IRR
12.6%
Property Type-Detached
MLS® Number-X13206832
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-55.5 × 132 ft
Listed on site-May 28, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$3,076.63 (2025)
Parking-4 - Attached
Basement-Partially Finished, Full
Heating-Forced Air (Propane)
Brokerage-EXP REALTY
Cooling-None
Laundry-No
Fireplace-Wood
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Metal
Foundation-Block, Stone
Sewer-Septic
Possession-x
Neighbourhood-919 - Lanark Highlands (Lanark Village)
Title-Residential Freehold

No agent assigned

Riverfront Living at Its Finest! Wake up each morning to breathtaking river views and end your day watching spectacular sunsets over the water. This charming riverfront home offers a lifestyle that's hard to match, with opportunities for swimming, canoeing, kayaking, and fishing right from your own backyard.The fully fenced rear yard is a private retreat featuring mature trees, including a beautiful blossoming tree, a fire pit, an expansive deck, and plenty of space for yard games, family gatherings, and summer barbecues. Whether you're entertaining guests or simply enjoying a quiet evening by the river, the setting is truly special.Inside, character and charm abound. A stunning curved staircase, impressive original stained wood baseboards and trim, and hammered-glass pocket doors blend seamlessly with thoughtful modern updates. The inviting floor plan is designed for comfortable everyday living and effortless entertaining, making it easy to host family and friends.The kitchen functional and welcoming, featuring a propane cooktop, generous counter space, and abundant storage. Additional storage can be found throughout the home, including a convenient crawl space. In the winter, cozy up beside the wood stove and enjoy picturesque views of the snow-covered trees-creating the perfect holiday atmosphere and storybook Christmas setting.Conveniently located within walking distance of Timber Run Golf Club, the Fitz Chip Truck, Village Treats, the grocery store, dollar store, pharmacy, LCBO, Canada Post, park, beach, Lanark Library, arena, and community centre. Commuters will appreciate being just 15 min to Perth, 20 min to Carleton Place, and approximately 40 min to Kanata.This home truly is a year-round waterfront lifestyle filled with beauty, recreation, charm, and convenience. Long list of updates is available but include: 2025 Furnace, 2026 TSSA Inspection (10 year), Bell Fibre Internet 2026. GARAGE 14' X 16'5" 48hr irrevoc on all offers OPEN HOUSE Sun May 31:1-3pm

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Closing Costs

Mortgage Amount
$456,000
Land Transfer Taxes$7,875
Legal Fees (Est.)
$
Total cash required for closing$123,375

Total Monthly Obligation

$2,931/mo
Mortgage $2,299
Monthly Loss $2,326
Principal$605
Interest$1,694
Property Tax$256
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 85 South Street

Time

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