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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

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.

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    For sale Listed 3 days ago

    1503 Sheridan Rapids Road

    Lanark Highlands (Dalhousie) Twp·Lanark, ON·K0G 1K0·Near From Lanark Village take McDonalds Corners Road (Cnty. Rd. 12) to Iron Mine Road - turn right and then stay left - follow to Bridges at Sheridans Rapids - stay left over bridges to #1503 on left.

    Lanark real estate›X13504106
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Charming, welcoming & full of character, this beautifully maintained 2-bedroom seasonal cottage on the Mississippi River at Sheridan Rapids is the perfect place to escape, unwind & enjoy the very best of cottage life. Being sold fully furnished & equipped, simply pack your bags, pick up a few groceries & start making memories from day one. Tastefully updated throughout, the bright, inviting interior offers a wonderful sense of warmth the moment you step inside. The sun-filled riverside sunroom is sure to become a favourite gathering place, ideal for dining, family games, morning coffee or simply relaxing with a good book while taking in the peaceful water views. The updated kitchen is bright & functional, flowing into the spacious living room where a cozy woodstove creates the perfect atmosphere on cooler evenings. A wide central hallway enhances the comfortable layout, while the guest bedroom features French doors that open to create an even greater sense of space. A good-sized primary bedroom, modern 3-piece bathroom & carpet-free interior complete this exceptionally bright, clean & inviting retreat.Outside, beautifully maintained fenced grounds with level lawns invite family fun & outdoor entertaining. Spend your evenings around the fire pit, gather on the attractive stone patio or head down to the clean shoreline where you'll enjoy excellent swimming in the Mississippi River. The picturesque bridge & nearby rapids create a beautiful backdrop & the soothing sound of flowing water adds to the relaxing setting. A powered bunkie offers extra space for overnight guests (sleeps 2) or hobbies, while the garden shed provides convenient storage. The property is serviced by a river water intake with filtration & UV treatment system, along with a septic system. Located just 20 minutes from Heritage Perth, this is the kind of cottage families search for comfortable, beautifully cared for & completely ready to enjoy from the moment you arrive.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 30, 2026ListedCurrentFor sale$269,500 —X13504106This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      5
      Heating
      Other
      Air conditioning
      None
      Fireplaces
      1
      Water source
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 1503 Sheridan Rapids Road
    What's nearby

    Points of interest classified by the MLS® feed.

    • River/Stream
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $1,324
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $172
    0.76% mill rate · ON
    The market

    How this home sits in the Lanark market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Lanark market right now

    Average sold price, days on market, and closed-transaction count for Lanark — sourced from MLS®.

    • Avg sold price
      $507,830
      Last 30 days
    • Median sold price
      $447,500
      Middle of the market
    • Days on market
      42 d
      Avg from list to close
    • Closed last 30d
      28
      MLS® transactions
    Full Lanark market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 1503 Sheridan Rapids Road — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 1503 Sheridan Rapids Road and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 1503 Sheridan Rapids Road listed for?

      1503 Sheridan Rapids Road is listed at $269,500 on the MLS® (listing X13504106). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 1503 Sheridan Rapids Road have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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 Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

    • 2 beds
    • 1 bath
    • 700-1100 sqft
    • Detached
    Asking
    $269,500
    $0 / sqft · MLS® X13504106
    Chat Zara
  1. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $370,716
    $341,059Confidence range$400,373
    Asking vs estimate
    ↓below
    −$101,216
    (-27.3%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 2 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Lanark sell in about 42 days — this one has been listed 3 days.

    Avg sold price
    $507,830
    Median sold
    $447,500
    Avg days on market
    42
    Recently sold
    28
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    AI highlights by Zara
    • Tastefully updated throughout, the bright, inviting interior offers a wonderful sense of warmth the moment you step inside.
    • The sun-filled riverside sunroom is sure to become a favourite gathering place, ideal for dining, family games, morning coffee or simply relaxing with a good book while taking in the peaceful water views.
    • The updated kitchen is bright & functional, flowing into the spacious living room where a cozy woodstove creates the perfect atmosphere on cooler evenings.
    • A powered bunkie offers extra space for overnight guests (sleeps 2) or hobbies, while the garden shed provides convenient storage.
    Ask Zara a follow-up
    Other
    Sewer
    Septic
  2. Parking & garage

    3
    Garage
    None
    Parking spaces
    3
    Driveway
    Private
  3. Interior

    4
    Basement
    Crawl Space, Unfinished
    Family room
    N
    Kitchens
    1
    Total rooms
    7
  4. Exterior & construction

    6
    Exterior
    Shingle , Wood
    Roof
    Asphalt Shingle
    Foundation
    Perimeter Wall, Piers, Wood
    View
    River, Water, Bridge
    Waterfront
    Y
    Pool
    None
  5. Listing & possession

    3
    Occupancy
    Immediate
    Property style
    Bungalow
    Property class
    Detached
  6. Room-by-room · 7 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    7 rooms
    • Bathroom
      10.0 × 4.9 ft
    • Kitchen
      15.6 × 8.5 ft
    • Living Room
      15.4 × 15.1 ft
    • Sunroom
      16.0 × 7.7 ft
    • Primary Bedroom
      15.4 × 10.4 ft
    • Bedroom 2
      10.0 × 8.0 ft
    • Foyer
      15.5 × 6.1 ft
    Combined estimate
    $1,496
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $1,324
    /mo
    based on the purchase price of $269,500
    $53,900 cash
    $215,600 financed
    $181,592 total interest
    Monthly payment$1,324/ month
    Principal54%$215,600
    Interest46%$181,592

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Lanark

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 2541 Watsons Corners Road
      Sold
      Sign in for price
      2541 Watsons Corners Road
      Detached
    • 51 George Street
      Sold
      Sign in for price
      51 George Street
      Detached
    • 2102 Clyde Lake Lane
      Sold
      Sign in for price
      2102 Clyde Lake Lane
      Detached
    • 74 Princess Street
      Sold
      Sign in for price
      74 Princess Street
      Detached
    • 181 Markle Road
      Sold
      Sign in for price
      181 Markle Road
      Detached
    • 363 Hardwood Ridge Road
      Sold
      Sign in for price
      363 Hardwood Ridge Road
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    1503 Sheridan Rapids RoadThis home2 / 17,001,100$269,500ask———
    2541 Watsons Corners Road2 / 11,100—
    51 George Street3 / 11,100—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Lanark

    Active listings within ±20% of this asking price.

    • 2037 Concession 6C Road
      $249,900
      2037 Concession 6C Road
      Detached 1 1
    • 115 Clyde Lane
      $299,900
      115 Clyde Lane
      Detached 5 2
    • 115 Clyde Lane
      $299,900
      115 Clyde Lane
      Detached 5 2
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  7. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  8. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  9. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  10. Public listing courtesy of COLDWELL BANKER SETTLEMENT REALTY · displayed on Summitly per MLS® data-share rules

    1503 Sheridan Rapids Road is a 2-bedroom, 1-bath, 700-1100 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  11. When was 1503 Sheridan Rapids Road built?

    The year built for 1503 Sheridan Rapids Road isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  12. What is the property tax for 1503 Sheridan Rapids Road?

    The 'Property tax' tab in the History section shows the most recent annual tax for 1503 Sheridan Rapids Road plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  13. How much would the monthly mortgage be on 1503 Sheridan Rapids Road?

    The affordability calculator on this page shows an estimated monthly mortgage for $269,500 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  14. Has 1503 Sheridan Rapids Road been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 1503 Sheridan Rapids Road with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  15. What neighbourhood is 1503 Sheridan Rapids Road in?

    1503 Sheridan Rapids Road is in Lanark Highlands (Dalhousie) Twp, Lanark. The 'Neighbourhood' section below links to the live Lanark real estate hub with average sold price, days on market, and current inventory.

  16. Is Lanark a good place to live?

    Lanark is one of ON's actively-tracked Summitly markets. The full Lanark real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  17. 2102 Clyde Lake Lane
    1 / 1
    700
    —
    74 Princess Street3 / 31,100—
    181 Markle Road3 / 42,000—
    363 Hardwood Ridge Road3 / 21,500—