Calling all investors! This is your opportunity to own a piece of history in the quaint village of Lanark! This beautiful four-plex stone building in located the heart of Lanark Village, boasts incredible charm and elegance throughout. Close to all of the amenities Lanark has to offer and walking distance from the Clyde River, this property provides excellent appeal with easy commuting to Ottawa and walking distance to schools, parks and grocery. Current tenants are month to month and would love to stay on. Updates include: Repointed stone at front, Apt 1 kitchen renovated in 2019 and Apt 2 has new hot water tank in 2021 and renovated in 2019.

Directions: Heading SW on Highway 7, turn right onto Ferguson Falls Road then right onto Pine Grove Road. Turn right onto George Street and address will we on the left, 26 George Street.

LOT SIZE: 56’99 x 206

ASSESSMENT ROLL#: 0940936010042000000

LEGAL DESCRIPTION: PT LT 2 W GEORGE ST PL 320 WESTERN SECTION LANARK N LANARK PT 4 26R917 TOWNSHIP OF LANARK HIGHLANDS

PT LT 2 W GEORGE ST PL 320 WESTERN SECTION LANARK N LANARK; PT 3 W GEORGE ST PL 320 WESTERN SECTION LANARK N LANARK AS IN RS160661 EXCEPT PT 4, 26R917 TOWNSHIP OF LANRK HIGHLANDS

PROPERTY TAXES: $3600 (2020)

ZONING: Residential

AGE: Unknown

WATER: Drilled Well / Septic Installed

STYLE: Multi Family / Four-Plex

FOUNDATION: Block / Stone

EXTERIOR: Stone / Vinyl

HEAT: Baseboard / Electric Furnace

AIR CONDITIONING:  N/A

INCLUSIONS: 

UNIT 2:

  • Fridge
  • Stove
  • Washer
  • Dryer

UNIT 3:

  • Fridge
  • Stove
  • Washer
  • Dryer

UNIT 4:

  • Fridge
  • Stove

 

EXCLUSIONS: 

UNIT 1:

  • Washer
  • Dryer
  • Fridge
  • Stove

 

APPROXIMATE COSTS:

Taxes –  $3600 (2020)

MONTHLY INCOME:

Unit 1 – $580/month

Unit 2 – $727/month

Unit 3 – $725/month

Unit 4 – $610/month

Gross Annual Income –$31,704

 

UPGRADES/UPDATES: 

  • Repointed stone at front of building
  • Kitchen/Living room renovation 2019 (Unit 1)
  • Complete renovation – 2019 (Unit 2)
  • New hot water tank – 2021 (Unit 2)

 

*24 Hour Irrevocable on all offers, as per form 244.

THE INFORMATION CONTAINED HEREIN IS BELIEVED TO BE ACCURATE BUT IS NOT WARRANTED.