CAONLanark919 - Lanark Highlands (Lanark Village)98 North St

Real Estate boards require that you accept Terms of Use.Accept Terms of Use to view images

98 North St, Lanark, ON

Name: 98 North St, For Sale in Lanark - Zoocasa
Brand: RE/MAX HALLMARK REALTY GROUP
SKU: X13773884
Price: 499000 CAD

House

For Sale

Accept Terms of Use to see price

644

MLS® X13773884

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Garage Yes

Taxes $4,019

Days Active 4

Lot Size

Approx. Age

MLS® Number X13773884

Property Address: 98 North St, Lanark, ON, K0G1K0

Average square foot calculated using Size range provided by listing agent.

Description

Excellent opportunity to own a solid income-producing 4-plex in Lanark, generating $56, 400 in gross annual rental income. The property consists of four rental units. The 1st-floor 2-bedroom apartment rents for $1, 350 per month, while the 2nd-floor 1-bedroom apartment rents for $1, 200 per month. There are also two 2-bedroom apartments occupying the 1st and 2nd floors, renting for $650 and $1, 500 per month respectively. That gives the property a total rental income of approximately $4700 per month, or $56, 400 annually. The annual operating expenses are very reasonable. Property taxes are $4, 019.07 per year, insurance is $3, 520, hydro is $600, and propane is $1, 400, total annual expenses to approximate $9, 539.07. There are also several desirable features that make this property attractive from both an investment maintenance standpoint. The building has a steel roof, copper wiring with breaker panels, hardwood floors, a newer water pressure tank, and a full basement that provides plenty of storage space. The property uses a propane hot-water tank, and all tenants pay their own hydro and heating costs, helping to keep the owner's operating expenses down. Lanark is approximately 45 minutes from downtown Ottawa, 10 miles north of Perth, and about 20 minutes west of Carleton Place. The community offers the everyday amenities tenants need, including a grocery store, gas station, library, town hall, pizzeria, chip stands, and more. Lanark is also attracting increasing attention from Ottawa buyers looking for more affordable real estate and income-producing properties outside the city. For investors looking for cash flow, affordability, and long-term potential, this is a property worth taking a serious look at - before Lanark values move even higher. (id:58753)Show Description

MLS® NumberX13773884

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age

BasementUnfinished, Other, See Remarks, N/A

DrivewayNo Garage

Garage Spaces

HeatBaseboard heaters, Electric

A/CNone

Extras

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

Yes, I'd like to receive free weekly market insights and buying and selling tips. Unsubscribe at any time.

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

MLS® Compliance Statements
Tony King – Designated Managing Broker, Broker Operations – TX.
Texas Real Estate Commission information about brokerage services
Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations. The Fair Housing Notice→

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. Learn More→

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny – Designated Broker
eXp Realty of Southern California, Inc. | CA DRE# 02187306 | Gina Saad – Designated Broker
eXp Realty of Greater Los Angeles, Inc. | CA DRE# 02188471 | Anita Cruz – Designated Broker
eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas Penny – Designated Broker
Fair Housing and Reasonable Accommodations
DMCA Notice

2026 AODA Compliance Report
Feedback can be submitted through our standard communication channels such as our internal chat platform, email, phone etc., and accommodations are available upon request. Zoocasa reviews all feedback received, acknowledges concerns, and works to respond in a timely manner. Feedback is assessed and addressed appropriately to support continuous improvement of our services and accessibility practices.