On picturesque Patterson Lake, comfortable bungalow-home with large 1.6 treed acres. The three bedroom, 1.5 bathroom home, or all season retreat, also has two garages - one with a workshop. The home's welcoming BBQ-sized deck has patio doors opening to light-filled living room with a woodstove. Adjacent to the living room is full-length sitting room with wall of windows for panoramic never-ending lake views. From the living room, a wide opening takes you into the sunny kitchen with oak cabinetry, desk nook and ceramic floor. The primary bedroom has 4-pc ensuite with combined tub and rain head shower. Two more bedrooms, a powder room and laundry room with washer, dryer plus lots of storage cupboards. This home offers you the opportunity to add value and build equity - while watching the lake lap against the shoreline. At the waterfront, you have boathouse and on upper level of the boathouse is a big bunkie. This guest bunkie has two bedrooms, electric baseboard heating and patio doors to its deck with mesmerizing unobstructed views of the lake. The hobbyist and car enthusiast will appreciate the detached big double garage-workshop that's insulated, has 250V, concrete floor and two drive-thru garage doors with auto garage door opener. Detached single garage includes good-size storage shed. Huge coverall-shed for more storage and projects. Internet & cell service available. Just down the road 10 mins is the Purdon Conservation Area known for its beautiful Showy Lady's Slipper orchids and natural heritage site. Located on private road with Patterson Lake Rd Association overseeing the maintenance & snowplowing of the road; resident fee is $400/year. 15 mins to Lanark, 30 mins Perth or 1 hr Kanata.
3 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $545 per square foot. Chat with Zara if you'd like a deeper read on whether this rural home fits your budget and timing.
Inside 214 Parsons Way
Every detail from the listing, in one place.
Type
Rural Home
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
7 spacesYes garage
Basement
Crawl Space
Features & systems
Parking & garage
Garage
Yes
Parking spaces
7
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
1.62
Listing & possession
Property style
Bungalow
Property class
Rural Residential
214 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 →
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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
$2,943
/mo
based on the purchase price of $599,000
$119,800 cash
$479,200 financed
$403,612 total interest
Principal54%$479,200
Interest46%$403,612
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 2-bed homes for sale in Lanark Highlands around $599K.
Average days on market58Homes sold in about 58 days on average.
Sale-to-list ratio93.9%On average, homes sold below asking.
Active listings85Homes for sale here right now.
Median vs prior 90 days−25.7%Compared with May 18 – Aug 16, 2026: prices down.
Based on 37 sales from Aug 16 – Nov 14, 2026 (37 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 214 Parsons Way
How much is 214 Parsons Way listed for?
214 Parsons Way is listed at $599,000 (MLS® X13709276). Summitly updates the price as soon as the MLS® record changes.
Is $599,000 a good price for 214 Parsons Way?
Summitly rates it Above Market: the asking price is 5% to 15% 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 214 Parsons Way changed?
Yes — it was first listed at $699,000 and is now $599,000, a drop of $100,000 (14.3%).
How many bedrooms and bathrooms does 214 Parsons Way have?
214 Parsons Way has 3 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a rural home in Lanark Highlands.
How much would the monthly mortgage be on 214 Parsons Way?
About $2,943 a month — principal and interest on $599,000 with 20% down ($119,800), 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 214 Parsons Way compare with other homes in Lanark Highlands?
Its asking price of $599,000 is about 43% above the median sold price in Lanark Highlands over the last 90 days, $420,300, across 37 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 214 Parsons Way been sold before?
Summitly has no earlier MLS® sale or lease of 214 Parsons Way on record from the last two years. Older records aren't shown under TRREB rules.
Where is 214 Parsons Way?
214 Parsons Way is in Lanark Highlands, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 214 Parsons Way been on the market?
81 days — 214 Parsons Way was listed on August 25, 2026.
What is the price per square foot of 214 Parsons Way?
About $399 to $545 per square foot: the asking price of $599,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 214 Parsons Way have parking or a garage?
Yes — the listing gives 7 parking spaces. Garage: Yes.
Does 214 Parsons Way have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
