$729,900

For sale

785 Ferguson Falls Road, Lanark Highlands - Single Family for Sale

785 Ferguson Falls Road, Lanark Highlands, Ontario, K7C0C5

3 beds2 baths8 parking1,300 ft²803 × 190 ft (3.50 acres) lot sizeListed 19 days ago

Overview

This 3-bedroom, 2-bathroom home in Lanark Highlands is for sale offering roughly 1,300 sq ft of space. It has been on the market 19 days, fresher than the Lanark Highlands average of 106 days.

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Description

Welcome to this brand new custom built bungalow on over 3 acres conveniently located 10 minutes from Carleton Place. Inside you will find an open concept floor plan that includes main floor laundry, a spacious custom crafted kitchen with island, direct access to the attached double car garage, 3 generously sized bedrooms with the primary bedroom featuring a convenient ensuite and walk in closet. Downstairs features a plumbing rough in for future bathroom, large egress windows, nearly 9' high ceiling, mechanical room framed in and exterior walls framed & drywalled. Additional features include septic sized to accommodate an additional bedroom in the basement, sewage pump for future bathroom installed in sewage pit, On Demand Water heater(rental) & central air. Finishes include Luxury Vinyl Plank Flooring, Quartz Counter Tops, Stone and Vinyl Board & Baton siding on front of house, 10x12' deck off patio door. Enjoy peace of mind with a 7 year Tarion backed warranty. ***please note some photos have been digitally staged/altered to act as a visualization of the completed home. Colours may vary from ones depicted*** (id:66096)

Property Details

MLS®: X14088524
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 8
Interior Size: 1,300 ft²
Lot Size: 803 × 190 ft (3.50 acres)
Frontage: 803 ft
Storeys: 1
Style: Bungalow
Basement: Full
Heating: Forced air, Propane
Cooling: Central air conditioning
Garage: Attached Garage, Garage, Inside Entry
Ownership: Freehold
Listed: 19 days ago

Rooms

Main level

Kitchen: 3.05 x 3.35 meters
Living room: 4.88 x 3.66 meters
Dining room: 3.43 x 2.26 meters
Foyer: 3.66 x 0.46 meters
Primary Bedroom: 3.51 x 4.12 meters
Bedroom: 3.05 x 4.14 meters
Bedroom: 3.53 x 3.23 meters
Bathroom: 1.52 x 2.44 meters
Bathroom: 1.52 x 3.05 meters

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

Features

Appliances: Refrigerator, Dishwasher, Stove, Microwave, Garage door opener remote(s), Water Heater - Tankless
Foundation: Poured Concrete
Exterior: Stone, Vinyl siding
Lot Features: Wooded area, Open space, Sump Pump

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Lanark Highlands listings, avg age

106d

Price / ft²

$561

List price

$730K

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 3-bed single family in Lanark Highlands has been listed for 19 days, which is 87 days fresher than the city average of 106. Act while there is still low competition.

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Listed by COLDWELL BANKER HERITAGE WAY REALTY INC. · Gillian Kinson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7C)

This home lists at $729,900, about 7.4× the local median household income of $99,000.

Carrying it typically needs a household income of about $142,575 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.

Median household income: $99,000
Population: 20,382
Median age: 44
Owner / renter: 79% / 21%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA K7C)

$729,900· $561/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment6.57% · $47,990

Min 6.57%50%

Mortgage payment$3,781/mo

↳ CMHC premium ($27,276 capitalized)

Est. property tax$0/mo

Total monthly$3,781

Cash Needed to Close

Down payment (6.57%)$47,990

Land transfer tax$11,073

Est. closing costs$4,690

Total cash needed$63,753

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