Patterson lake. Spectacular waterfront paradise. A magnificent 4 SEASON dream property on the beautiful shores of Desirable patterson lake. MASSIVE 1.032 acre lot. 93ft of waterfront. Open concept layout ideal for everyday living & hosting. Fully renovated + absolutely fabulous...highly efficient build, dry/clean/insulated crawl space, perfectly level and structurally sound, new flooring, pine TG plank ceilings, upgraded insulation, fully renovated kitchen/bathroom, new siding with rigid insulation. Featuring: concrete slab/foundation, 1 large primary bedroom with lake view. Foyer (with laundry hookups), Sprawling chef's kitchen. Oversized windows = natural light + stunning views. Exterior living is wonderful with private deck, gazebo and flat site with load of space to play. DETACHED BUNKIE x3 (ideal for add'l sleeping, home office, gym, kids zone etc).FURNITURE (negotiable), Easy drive. ONLY 20 min from HWY 7. 35min to Carleton Place and 55min to Kanata....A GEM! 100amp Electrical Service. $250/Yr Road Fee (maint+snpw removal).
1 bedroom, 1 bathroom, about 700 sq ft, works out to roughly $569 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 174 Parsons Way
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
< 700 sq ftas stated on the listing
Parking
20 spaces
Basement
Crawl Space
Features & systems
Parking & garage
Parking spaces
20
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
1.032
Listing & possession
Property style
Bungalow
Property class
Detached
174 Parsons Way 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 →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$1,955
/mo
based on the purchase price of $398,000
$79,600 cash
$318,400 financed
$268,176 total interest
Principal54%$318,400
Interest46%$268,176
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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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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.
Similar homes for sale nearby in Lanark Highlands
Other 2–4 bed homes for sale in Lanark Highlands around $398K.
Average days on market59Homes sold in about 59 days on average.
Sale-to-list ratio94.1%On average, homes sold below asking.
Active listings87Homes for sale here right now.
Median vs prior 90 days−22.8%Compared with May 5 – Aug 3, 2026: prices down.
Based on 34 sales from Aug 3 – Nov 1, 2026 (38 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 174 Parsons Way
How much is 174 Parsons Way listed for?
174 Parsons Way is listed at $398,000 (MLS® X13766904). Summitly updates the price as soon as the MLS® record changes.
Is $398,000 a good price for 174 Parsons Way?
Summitly rates it Well Above Market: the asking price is 15% or more above 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 174 Parsons Way changed?
Yes — it was first listed at $419,000 and is now $398,000, a drop of $21,000 (5.0%).
How many bedrooms and bathrooms does 174 Parsons Way have?
174 Parsons Way has 1 bedroom and 1 bathroom, with about 700 square feet of living space. It is a detached home in Lanark Highlands.
How much would the monthly mortgage be on 174 Parsons Way?
About $1,955 a month — principal and interest on $398,000 with 20% down ($79,600), 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 174 Parsons Way compare with other homes in Lanark Highlands?
Its asking price of $398,000 is about the same as the median sold price in Lanark Highlands over the last 90 days, $405,000, across 34 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 174 Parsons Way been sold before?
Summitly has no earlier MLS® sale or lease of 174 Parsons Way on record from the last two years. Older records aren't shown under TRREB rules.
Where is 174 Parsons Way?
174 Parsons Way is in Lanark Highlands, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 174 Parsons Way been on the market?
52 days — 174 Parsons Way was listed on September 10, 2026.
What is the price per square foot of 174 Parsons Way?
About $569 per square foot: the asking price of $398,000 over the 700 sq ft the listing gives.
Does 174 Parsons Way have parking or a garage?
Yes — the listing gives 20 parking spaces.
Does 174 Parsons Way have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
