$599,900

For sale

385 Porcupine Way, Lanark Highlands - Single Family for Sale

385 Porcupine Way, Lanark Highlands, Ontario, K0G1M0

4 beds1 bath10 parking104 × 190 ft (19,760 sq ft) lot sizeListed 126 days ago

Overview

This 4-bedroom, 1-bathroom home in Lanark Highlands is for sale. Its $599,900 asking price sits right in line with the $599,900 median in Lanark Highlands.

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Description

Beautifully Upgraded Cottage in an Exclusive, Private Setting Uniquely situated in a very scenic, desirable location on Patterson Lake just over one hour from Ottawa. Property comes with two Storage Sheds, Third and Fourth Bedrooms are contained outside the main cottage in the Bunk Houses. Many upgrades include a New Guest Cabin in 2023, New Roof on Guest Cabin 2 in 2019, New Laminate Floor and Steps on Guest Cabin 2 in 2017, New wrap around PVC Deck, with Lighting, Railings and Stairs in 2019, New Knotty Pine Floors in the main cottage and baseboards in 2009, Hot Tub on Front Deck New main cottage windows in 2008, New dock with Flo thru deck in 2012, Retaining Wall repaired with steps installed in 2023, New flagstone Fire Pit installed in 2022, Entire property landscaped by Dutch Landscaping including planters, plants, river stone steps, and flag stone flower beds in 2019, Refaced and stained both wood sheds in 2017, New steel roof on the main cabin and guest cabin 2 in 2018. Approximately $143,500.00 in improvements and upgrades since 2008. Don't miss your opportunity to get this fantastic cottage property in desirable location. Very motivated Seller, no reasonable offer will be refused! (id:66096)

Property Details

MLS®: X13513142
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 1
Parking: 10
Lot Size: 104 × 190 ft (19,760 sq ft)
Frontage: 104 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Radiant heat, Wood
Cooling: Window air conditioner
Garage: No Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 7.77 x 3.65 meters
Dining room: 3.79 x 3.71 meters
Kitchen: 4.42 x 3.54 meters
Primary Bedroom: 4.64 x 2.19 meters
Bedroom 2: 2.53 x 2.13 meters
Bedroom 3: 5.32 x 5.15 meters
Bedroom 4: 4.74 x 3.49 meters
Bathroom: 2.44 x 2.18 meters

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

Features

Appliances: Refrigerator, Hot Tub, Stove, Microwave, Water Heater
Foundation: Concrete
Exterior: Wood
Lot Features: Level lot, Wooded area, Irregular lot size, Sloping, Partially cleared, Lane, Dry, Level, Guest Suite

Services

Sewer: Holding Tank
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

126d

Lanark Highlands listings, avg age

106d

List price

$600K

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 4-bed single family in Lanark Highlands is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by REVEL REALTY INC. · Bud Higgerty

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K0G)

This home lists at $599,900, about 6.4× the local median household income of $94,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 25% above 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)

$599,900

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment5.83% · $34,990

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,596 capitalized)

Property tax (est.)$195/mo

Total monthly$3,327

Cash Needed to Close

Down payment (5.83%)$34,990

Land transfer tax$8,473

Est. closing costs$4,300

Total cash needed$47,763

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