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$499,900
Status: For Sale
Vacant upper unit, tenanted lower unit. Good upside potential here. This up/down duplex offers 3 bedrooms upstairs with a 4- piece bathroom, a kitchen, laundry closet, a dining area, a living room and mudroom entrance. The lower level adds a second self-contained suite with 2 more bedrooms, a 2nd kitchen, another living room and dining area plus a 4- piece bathroom. The home has 2 100-amp breaker panels, each unit with its own meter. Steel roofing (2022). One new hot water tank in 2014 and one in 2024. This is a great opportunity to live in and rent one suite or rent both units. An easy managed lot with parking on the side. Lower suite is currently tenanted and is being sold with a Buyer assuming the tenancy. Tenant paying $1100/month plus Hydro (heat) on a 1year lease through to Sept 2026. Good sized yard. Parking for 4 vehicles. Steel roofing too. Note: Photos available only for the upper vacant unit. Lower level tenant is good and tidy but requested privacy.
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :X12873084 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :06 Jun, 2026 (63 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Lanark |
|---|---|
| Postal Code | :
K7A 1K7
|
| Price | : $499,900 |
|---|---|
| Property Taxes | :$4123.0 |
| Tax Year | :2025 |
|---|
| Bedrooms | :3 + 2 |
|---|---|
| No. of Rooms | :7 |
| Heating | :Baseboard |
| Cross Street | :McCann and Stephen St. |
| Bathrooms | :2 |
|---|---|
| Fuel | :Electric |
| Approx Square Footage | :1100-1500 sqft |
| Fireplace/Stove | :No |
| Virtual Tour | :Virtual Tour (External Link) |
| Living Room | :5.94 m x 4.02 m |
|---|---|
| Bedroom | :4.02 m x 2.71 m |
| Bedroom 3 | :3.56 m x 3.88 m |
| Living Room | :3.86 m x 4.35 m |
| Bedroom | :3.97 m x 3.1 m |
| Kitchen | :3.87 m x 3.0 m |
| Kitchen | :3.43 m x 2.45 m |
|---|---|
| Bedroom 2 | :3.65 m x 3.02 m |
| Dining Room | :3.8 m x 2.2 m |
| Dining Room | :3.86 m x 2.3 m |
| Bedroom 2 | :4.06 m x 2.76 m |
| Laundry | :2.56 m x 2.05 m |
| Exterior Finish | :Vinyl Siding |
|---|---|
| Parking Space | :4 |
| Basement | :Apartment |
04 Jun, 2026
TREB #X12873084
Price Change
$499900.0
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$499,900
71 Stephen Street, Lanark, ON
Listing ID #X12873084
Price drop by $20,000
Price drop by $20,000