98 North Street, Lanark Highlands, ON K0G 1K0
Lanark Highlands, ON K0G 1K0
Quick cost estimateKnown monthly subtotal$2,656.69 / monthLand transfer tax $6,455One-time estimate
Quick cost estimate
$2,656.69 / monthKnown monthly subtotal
- Mortgage principal & interest
- $2,321.77
- Property tax / month
- $334.92
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $6,455
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $6,455
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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About this home
Excellent opportunity to own a solid income-producing 4-plex in Lanark, generating $56,400 in gross annual rental income. The property consists of four rental units. The 1st-floor 2-bedroom apartment rents for $1,350 per month, while the 2nd-floor 1-bedroom apartment rents for $1,200 per month. There are also two 2-bedroom apartments occupying the 1st and 2nd floors, renting for $650 and $1,500 per month respectively. That gives the property a total rental income of approximately $4700 per month, or $56,400 annually. The annual operating expenses are very reasonable. Property taxes are $4,019.07 per year, insurance is $3,520, hydro is $600, and propane is $1,400, total annual expenses to approximate $9,539.07. There are also several desirable features that make this property attractive from both an investment maintenance standpoint. The building has a steel roof, copper wiring with breaker panels, hardwood floors, a newer water pressure tank, and a full basement that provides plenty of storage space. The property uses a propane hot-water tank, and all tenants pay their own hydro and heating costs, helping to keep the owner's operating expenses down. Lanark is approximately 45 minutes from downtown Ottawa, 10 miles north of Perth, and about 20 minutes west of Carleton Place. The community offers the everyday amenities tenants need, including a grocery store, gas station, library, town hall, pizzeria, chip stands, and more. Lanark is also attracting increasing attention from Ottawa buyers looking for more affordable real estate and income-producing properties outside the city. For investors looking for cash flow, affordability, and long-term potential, this is a property worth taking a serious look at - before Lanark values move even higher.
Home details
- Days on market
- Not reported
- Property type
- Fourplex
- MLS® number
- X13773884
- Source status
- New
- Bedrooms
- 6
- Bathrooms
- 4
- Postal code
- K0G 1K0
- Kitchens
- 4
- Kitchens above grade
- 4
- Family room / den
- No
- Interior size (reported range)
- 2500-3000
- Lot depth
- 60 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- 4
- Occupancy
- Tenant
- Possession type
- Flexible
- Garage
- None
- Annual property tax
- 4019.07
- Basement
- Unfinished, Other
- Interior features
- Separate Hydro Meter, Propane Tank
- Architectural style
- 2-Storey
- Parking features
- Private
- Pool features
- None
- Fireplace
- No
- Waterfront
- No
- Garage available
- No
- Heating system
- Baseboard
- Heating fuel
- Electric
- Cooling
- None
- Sewer
- Septic
- Direction facing
- North
- Construction materials
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Block
- MLS entry age (not confirmed DOM)
- 56 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Sewer
- Septic
- Heating system
- Baseboard
- Heating fuel
- Electric
- Cooling
- None
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
Loading source-reported room dimensions…
Converted measurements are approximate. Levels and dimensions are shown only when supplied.
- Bedrooms above grade
- 6
- Rooms above grade
- 12
- Den / family room reported
- No
Reported counts are shown independently. Room dimensions have not been inferred from these counts.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $499,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Map and neighbourhood
- Region / county
- LANARK
- Municipality
- LANARK HIGHLANDS
- MLS® community
- 919 - Lanark Highlands (Lanark Village)
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Around this property
Schools, transit & everyday places
Published local sources. Distances are approximate straight-line distances, not walking routes.
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Nearby schools
No nearby schools were returned by the current Ontario school dataset for this property. School ratings and attendance boundaries are not included.
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Transit near this property
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Nearby shops & amenities
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Similar homes for sale in Lanark Highlands
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
Property questions
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Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
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How should I use the monthly cost estimate?
It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
98 North Street, Lanark Highlands, ON K0G 1K0, Lanark Highlands is listed for sale as a Fourplex. The listing reports 6 bedrooms, 4 bathrooms, reported interior area of 2500-3000 (units not reported), kitchens reported as 4, parking spaces reported as 4. Asking price: $499,000. Occupancy is reported as Tenant. Review the Home details, room measurements and utility sections below to compare reported specifications; confirm important details with the listing brokerage. MLS® X13773884.
Local context
Explore the area: Lanark Highlands · 919 - Lanark Highlands (Lanark Village).
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: RE/MAX HALLMARK REALTY GROUP. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13773884. Information deemed reliable but not guaranteed.