Homula Realty Brokerage
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1373 Flower Station Road, Lanark Highlands, ON K0G 1K0

7 beds · 3 baths · 2 kitchens · 10 rooms · 8 parking spaces · 2000-2500 sq ft · Laundry on the main level level · Detached
$349,900
Property tax
$2,552 / year

A Rare Opportunity, Two Homes on One Incredible Property! 1.144 acres. Discover a truly unique find, two spacious homes on one property, offering endless possibilities for multi-generational living, investment income, or your dream getaway! With 7 bedrooms in the main home and 5 in the second, this property is currently offers flexibility for multi-generational living and in-law suite capabilities. The main house features a welcoming kitchen perfect for gathering family and friends. A cozy wood stove to warm those brisk fall days and snowy winter nights. Enjoy beautiful views of the pond from the front porch and direct access to the K&P Trail, a haven for ATV and snowmobile enthusiasts. Additional features include: Detached 2-car garage (rebuilt in 2010 to 2012). Powered workshop attached to the house. Two large sheds/barns - ideal for hobby farming, chickens, ducks, or storing gear. Steel roof for low-maintenance durability. New propane furnace (2022) in the main house. Property was a convenience store and gas station - operations closed in 2003 - Limited Phase 2 Environmental on file. Whether you're looking for a recreational retreat, a large family homestead, or a side-by-side multi-gen home, this one has it all. Come explore the possibilities!

MLS number
X12614854
Type
Detached
Status
Active
Bedrooms
7
Bathrooms
3
Postal code
K0G 1K0
Photos
43
Laundry
Main Level level
277days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 921 people.

$79,000Median household income
89.2%Own their home
98.8%Detached houses
56.8Median age
3.2%Born outside Canada
13.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35090154 — the few blocks around this address, home to 921 people. It describes the area, not this property.

921Population
50.6Average age
2.2Household size
$90,800Average household income
$79,000Median household income
89%Own their home
11%Rent
0%Condominiums
3%Born outside Canada
14%University degree
$406,000Average home value
11%Low income
75%Not in the labour force
20%Never married
$10,000 to $14,9993%
$15,000 to $19,9993%
$20,000 to $24,9993%
$25,000 to $29,9992%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9992%
$45,000 to $49,9993%
$50,000 to $59,9995%
$60,000 to $69,9996%
$70,000 to $79,9995%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over26%
$100,000 to $124,9999%
$125,000 to $149,9995%
$150,000 to $199,9997%
$200,000 and over5%

Percentages are of the 580 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$69,980 · minimum here is $17,495
$1,549.28per month
Borrowed before insurance$279,920
Total borrowed$279,920
Interest over 25 years at 4.5%$184,864

If you rented it out

-$1,761.95per month out of pocket
Rent$0.00
Everything it costs to hold$1,761.95
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by COLDWELL BANKER FIRST OTTAWA REALTY. Listing data provided by the Toronto Regional Real Estate Board.