$398,000

$419,000For salePrice drop↓ $21,000 (5%)

174 Parsons Way, Lanark Highlands - Single Family for Sale

174 Parsons Way, Lanark Highlands, Ontario, K0G1K0

1 bed1 bath20 parking350 ft²94 × 203 ft (19,090 sq ft) lot sizeListed 55 days ago

Overview

This 1-bedroom, 1-bathroom home in Lanark Highlands is for sale offering roughly 350 sq ft of space. Listed at $398,000, it is attractively priced about 34% below the $599,900 median asking price in Lanark Highlands. It has been on the market 55 days, fresher than the Lanark Highlands average of 105 days.

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Description

PATTERSON LAKE. SPECTACULAR WATERFRONT PARADISE. A magnificent 4 SEASON dream property on the beautiful shores of DESIRABLE PATTERSON LAKE. MASSIVE 1.032 acre lot. 93ft of waterfront. Open concept layout ideal for everyday living & hosting. FULLY RENOVATED + ABSOLUTELY FABULOUS...highly efficient build, dry/clean/insulated crawl space, perfectly level and structurally sound, new flooring, pine TG plank ceilings, upgraded insulation, fully renovated kitchen/bathroom, new siding with rigid insulation. Featuring: concrete slab/foundation, 1 large primary bedroom with lake view. Foyer (with laundry hookups), SPRAWLING CHEF'S KITCHEN. OVERSIZED WINDOWS = NATURAL LIGHT + STUNNING VIEWS. Exterior living is wonderful with private deck, gazebo and flat site with load of space to play. DETACHED BUNKIE x3 (ideal for add'l sleeping, home office, gym, kids zone etc).FURNITURE (negotiable), Easy drive. ONLY 20 min from HWY 7. 35min to Carleton Place and 55min to Kanata....A GEM! 100amp Electrical Service. $250/Yr Road Fee (maint+snpw removal). (id:66096)

Property Details

MLS®: X13766904
Property Type: Single Family
Zoning: Residential
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 20
Interior Size: 350 ft²
Lot Size: 94 × 203 ft (19,090 sq ft)
Frontage: 93 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Forced air, Propane
Cooling: None
Garage: No Garage
Waterfront: Yes
Ownership

Rooms

Main level

Bathroom: 1.52 x 2.31 meters
Bedroom: 2.62 x 3.44 meters
Dining room: 3.18 x 2.52 meters
Kitchen: 2.51 x 3.94 meters
Living room: 3.52 x 5.3 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Stove, Water Heater
Foundation: Concrete
Exterior: Vinyl siding
Lot Features: Irregular lot size, Flat site, Gazebo

Services

Water: Drilled Well
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

55d

Lanark Highlands listings, avg age

105d

Price / ft²

$1,139

List price

$398K

Homes here sell slower than most markets

Sold homes in this market spent an average of 60 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.4 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 1-bed single family in Lanark Highlands has been listed for 55 days, which is 50 days fresher than the city average of 105. Act while there is still low competition.

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Listed by PAUL RUSHFORTH REAL ESTATE INC. · Angela (Angie) White

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0G)

This home lists at $398,000, about 4.2× the local median household income of $94,000.

Carrying it typically needs a household income of about $77,743 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $94,000
Population: 39,862
Median age: 50.4
Owner / renter: 88% / 12%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K0G)

$398,000· $1,139/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,900

Min 5%50%

Mortgage payment$2,096/mo

↳ CMHC premium ($15,124 capitalized)

Property tax (est.)$125/mo

Total monthly$2,221

Cash Needed to Close

Down payment (5%)$19,900

Land transfer tax$4,445

Est. closing costs$3,694

Total cash needed$28,039

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