96 SOUTH STREET S, Lanark Highlands

$467,000

For sale: Multiplex

Multiplex at 96 SOUTH STREET S, Lanark Highlands
Property type
Duplex
Bedrooms / bathrooms
3 bedrooms, 3 bathrooms
Living area
2,000 sqft
MLS®
MLS® X14096820
Neighbourhood
919 - Lanark Highlands (Lanark Village)

Historic Charm Meets Modern Opportunity in Lanark Village Discover a unique investment or lifestyle opportunity in the heart of Lanark Village! This recently renovated duplex beautifully blends historic character with modern updates, offering versatility for investors, owner-occupants, or entrepreneurs looking to make the most of a distinctive property. The building features two separate units: a one-bedroom, one-bathroom unit on the ground floor and a spacious two-bedroom, one-and-a-half-bathroom unit on the upper 2 floors. Each unit has its own meter and heating/ventilating/air conditioning system, providing added independence and convenience. The potential to develop a third unit offers a variety of exciting possibilities for future expansion and increased income potential subject to municipal approval. Zoning also permits business use in one unit, provided the owner occupies the other, creating an excellent opportunity for a live-work arrangement. Whether you're looking to live in one unit while renting out the other, expand your investment portfolio, establish a home-based business, or explore the potential for a third unit, this property offers plenty of options to suit your vision. Heating features include in-floor radiant heating on the main floor and forced-air propane heating in the second unit. Upgraded plumbing, electrical and septic. A rare combination of historic charm, modern comfort, and future potential, all in the welcoming community of Lanark Village. Don't miss your opportunity to make this versatile property your own!

Sold data

Homes in Lanark Highlands — recent sold market

Homes in Lanark Highlands took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 73, across 100 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 59 days.

The median sale price was $439,900.

Homes sold for about 4.9% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
40
Median sale price
$439,900
Sale-to-list ratio
95.1%
Sold above asking
8%

Based on 100 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 96 SOUTH STREET S