2966 Highway 511 Road, Lanark Highlands

$469,000
2966 Highway 511 Road

$469,000

New
36d
Detached2-Storey

2966 Highway 511 Road, Lanark Highlands

Total Monthly Obligation $2,449

Beds
4
Baths
2
Park
6
Sqft
1100-1500
DOM
36d
Score
76
Yield
10.5%
Cash on Cash
22.4%
Cap Rate
9.4%
5Y IRR
34.0%
10Y IRR
30.6%
Property Type-Detached
MLS® Number-X13796196
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-224.88 ft (front)
Listed on site-Sep 17, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,185 (2025)
Parking-6 - None
Basement-Unfinished
Heating-Forced Air (Propane)
Brokerage-RE/MAX AFFILIATES MARQUIS
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Stone
Sewer-Septic
Possession-TBD
Neighbourhood-919 - Lanark Highlands (Lanark Village)
Title-Residential Freehold

No agent assigned

Century-home character meets a designer-led renovation at this beautifully maintained brick home on half an acre. Inside, the original layout has been preserved, with defined living, dining, and kitchen spaces that give each room its own purpose while still flowing comfortably from one to the next. The home has been brought to life through the shared vision and talents of its owners: a professional interior designer and a skilled carpenter. Together, they have carefully renovated and refined the home, pairing well-chosen finishes with quality workmanship while preserving the character that makes it special. The updated kitchen is a standout, but the same level of care and attention can be seen throughout.The former summer kitchen has been transformed into additional living space, complemented by a practical mudroom, main-floor laundry, and powder room. Upstairs are four bedrooms and a beautifully renovated full bathroom. The fourth bedroom is currently used as a dressing room but could easily serve as a nursery, office, hobby room, or guest bedroom. Outside, the half-acre property offers mature trees, established landscaping, and plenty of room to garden, entertain, or enjoy the outdoors without the upkeep of a larger rural property. The classic brick exterior and welcoming setting give the home a memorable presence from the road.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$375,200
Land Transfer Taxes$5,855
Legal Fees (Est.)
$
Total cash required for closing$101,155

Total Monthly Obligation

$2,449/mo
Mortgage $1,892
Monthly Loss $1,951
Principal$498
Interest$1,394
Property Tax$182
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
8.0%73
Cash-on-Cash
14.8%77
5-Year IRR
27.8%99
10-Year IRR
25.5%
Returns Index
85.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeA
76/ 100
Good•Buy

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$49,200/yr
NOI
$37,595/yr
Net Cash Flow
$1,241/mo
Cash Margin
30.3%95
Cash Flow Index
95.5/ 100
Risk Profile
Weight: 20%
DSCR
1.6684
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
55.6/ 100

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

Comparables

Properties near 2966 Highway 511 Road

Time

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