Beautifully Upgraded Cottage in an Exclusive, Private Setting Uniquely situated in a very scenic, desirable location on Patterson Lake just over one hour from Ottawa. Property comes with two Storage Sheds, Third and Fourth Bedrooms are contained outside the main cottage in the Bunk Houses. Many upgrades include a New Guest Cabin in 2023, New Roof on Guest Cabin 2 in 2019, New Laminate Floor and Steps on Guest Cabin 2 in 2017, New wrap around PVC Deck, with Lighting, Railings and Stairs in 2019, New Knotty Pine Floors in the main cottage and baseboards in 2009, Hot Tub on Front Deck New main cottage windows in 2008, New dock with Flo thru deck in 2012, Retaining Wall repaired with steps installed in 2023, New flagstone Fire Pit installed in 2022, Entire property landscaped by Dutch Landscaping including planters, plants, river stone steps, and flag stone flower beds in 2019, Refaced and stained both wood sheds in 2017, New steel roof on the main cabin and guest cabin 2 in 2018. Approximately $143,500.00 in improvements and upgrades since 2008. Don't miss your opportunity to get this fantastic cottage property in desirable location. Very motivated Seller, no reasonable offer will be refused!
4 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 detached fits your budget and timing.
Inside 385 Porcupine Way
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
10 spaces
Basement
None
Features & systems
Parking & garage
Parking spaces
10
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
385 Porcupine Way Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13513142$599,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 385 Porcupine Way Compares to the Lanark Highlands Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$2,947
/mo
based on the purchase price of $599,900
$119,980 cash
$479,920 financed
$404,219 total interest
Principal54%$479,920
Interest46%$404,219
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.
For homeowners nearby
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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 3–4 bed homes for sale in Lanark Highlands around $600K.
Average days on market55Homes sold in about 55 days on average.
Sale-to-list ratio94.3%On average, homes sold below asking.
Active listings92Homes for sale here right now.
Median vs prior 90 days−13.0%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 38 sales from Jul 24 – Oct 22, 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 385 Porcupine Way
How much is 385 Porcupine Way listed for?
385 Porcupine Way is listed at $599,900 (MLS® X13513142). Summitly updates the price as soon as the MLS® record changes.
Is $599,900 a good price for 385 Porcupine 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 385 Porcupine Way changed?
No — 385 Porcupine Way is still listed at its original asking price of $599,900.
How many bedrooms and bathrooms does 385 Porcupine Way have?
385 Porcupine Way has 4 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a detached home in Lanark Highlands.
How much would the monthly mortgage be on 385 Porcupine Way?
About $2,947 a month — principal and interest on $599,900 with 20% down ($119,980), 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 385 Porcupine Way compare with other homes in Lanark Highlands?
Its asking price of $599,900 is about 41% above the median sold price in Lanark Highlands over the last 90 days, $426,100, across 38 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 385 Porcupine Way been sold before?
Summitly has no earlier MLS® sale or lease of 385 Porcupine Way on record from the last two years. Older records aren't shown under TRREB rules.
Where is 385 Porcupine Way?
385 Porcupine Way is in Lanark Highlands, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 385 Porcupine Way been on the market?
113 days — 385 Porcupine Way was listed on July 1, 2026.
What is the price per square foot of 385 Porcupine Way?
About $400 to $545 per square foot: the asking price of $599,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 385 Porcupine Way have parking or a garage?
Yes — the listing gives 10 parking spaces.
Does 385 Porcupine Way have a basement, and is it finished?
The listing says 385 Porcupine Way has no basement.
