Escape the hustle and bustle of modern living and discover your own piece of country paradise on this 4.27-acre lot. Featuring abundant trees and wildlife, this property is a haven for outdoor enthusiasts. Located near Sheridan Rapids, it offers easy access to further explore the tranquility of the rapids and immerse yourself in nature. Enjoy outdoor activities in the summer, marvel at the vibrant colours of changing leaves in the fall, experience the peacefulness of falling snow in the winter, and witness the renewal of life in the spring. This lot promises a serene and picturesque setting for your dream home, and has a gravel driveway for easy access.
works out to roughly $200 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.
Inside 1385 Sheridan Rapids Rd
Every detail from the listing, in one place.
Type
Land
Living space
< 700 sq ftas stated on the listing
Features & systems
Parking & garage
Parking spaces
0
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
1385 Sheridan Rapids Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$687
/mo
based on the purchase price of $139,900
$27,980 cash
$111,920 financed
$94,266 total interest
Principal54%$111,920
Interest46%$94,266
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Lanark Highlands
Other homes for sale in Lanark Highlands around $140K.
Average days on market57Homes sold in about 57 days on average.
Sale-to-list ratio93.7%On average, homes sold below asking.
Active listings83Homes for sale here right now.
Median vs prior 90 days−28.8%Compared with May 14 – Aug 12, 2026: prices down.
Based on 36 sales from Aug 12 – Nov 10, 2026 (36 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1385 Sheridan Rapids Rd
How much is 1385 Sheridan Rapids Rd listed for?
1385 Sheridan Rapids Rd is listed at $139,900 (MLS® X12425466). Summitly updates the price as soon as the MLS® record changes.
Is $139,900 a good price for 1385 Sheridan Rapids Rd?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Lanark Highlands. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1385 Sheridan Rapids Rd changed?
Yes — it was first listed at $159,900 and is now $139,900, a drop of $20,000 (12.5%).
How many bedrooms and bathrooms does 1385 Sheridan Rapids Rd have?
1385 Sheridan Rapids Rd has about 700 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a lot in Lanark Highlands.
How much would the monthly mortgage be on 1385 Sheridan Rapids Rd?
About $687 a month — principal and interest on $139,900 with 20% down ($27,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1385 Sheridan Rapids Rd compare with other homes in Lanark Highlands?
Its asking price of $139,900 is about 65% below the median sold price in Lanark Highlands over the last 90 days, $405,000, across 36 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1385 Sheridan Rapids Rd been sold before?
Summitly has no earlier MLS® sale or lease of 1385 Sheridan Rapids Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1385 Sheridan Rapids Rd?
1385 Sheridan Rapids Rd is in Lanark Highlands, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1385 Sheridan Rapids Rd been on the market?
412 days — 1385 Sheridan Rapids Rd was listed on September 24, 2025.
What is the price per square foot of 1385 Sheridan Rapids Rd?
About $200 per square foot: the asking price of $139,900 over the 700 sq ft the listing gives.
What is the lot size of 1385 Sheridan Rapids Rd?
The lot is 3.495 acres, as published in the listing.
What is the land transfer tax on 1385 Sheridan Rapids Rd?
About $1,124 in Ontario land transfer tax at the asking price of $139,900. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
