854 Iron Mine Rd is a land in Lanark Highlands, listed for $289,000.
1Build your dream home on this stunning 3.68-acre corner lot, perfectly positioned in a peaceful, scenic setting overlooking the breathtaking Sheridan Rapids.
2Enjoy all the perks of waterfront living-kayaking, fishing, swimming, or simply taking in the view-without the higher taxes or building restrictions that often come with building directly on the water.
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Lots & Land in Lanark Highlands
About 854 Iron Mine Road
Build your dream home on this stunning 3.68-acre corner lot, perfectly positioned in a peaceful, scenic setting overlooking the breathtaking Sheridan Rapids. With nature as your backdrop and wildlife as your neighbours, this property offers the kind of privacy and tranquility that's getting harder to find, without sacrificing convenience.The groundwork is already done: a gravel driveway is in place, a drilled well is ready to go, and hydro is available at the road, so you can focus on designing the home you've always wanted.What truly sets this opportunity apart is the bonus riverfront parcel included across the road. Enjoy all the perks of waterfront living-kayaking, fishing, swimming, or simply taking in the view-without the higher taxes or building restrictions that often come with building directly on the water. Whether you're dreaming of a private estate, a peaceful retreat, or a smart long-term investment with rare river access, this one-of-a-kind package delivers space, scenery, and lifestyle in a setting that feels a world away from it all.
Lanark Highlands land priced at $289,000 — book a tour to see if it fits your search.
Inside 854 Iron Mine Rd
Every detail from the listing, in one place.
Type
Land
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
854 Iron Mine Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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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
$1,420
/mo
based on the purchase price of $289,000
$57,800 cash
$231,200 financed
$194,731 total interest
Principal54%$231,200
Interest46%$194,731
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 homes for sale in Lanark Highlands around $289K.
Average days on market56Homes sold in about 56 days on average.
Sale-to-list ratio93.7%On average, homes sold below asking.
Active listings84Homes for sale here right now.
Median vs prior 90 days−27.1%Compared with May 15 – Aug 13, 2026: prices down.
Based on 35 sales from Aug 13 – Nov 11, 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 854 Iron Mine Rd
How much is 854 Iron Mine Rd listed for?
854 Iron Mine Rd is listed at $289,000 (MLS® X12694720). Summitly updates the price as soon as the MLS® record changes.
Has the price of 854 Iron Mine Rd changed?
Yes — it was first listed at $310,000 and is now $289,000, a drop of $21,000 (6.8%).
How many bedrooms and bathrooms does 854 Iron Mine Rd have?
The listing for 854 Iron Mine Rd doesn't publish its bedroom and bathroom count. It is a lot in Lanark Highlands.
How much would the monthly mortgage be on 854 Iron Mine Rd?
About $1,420 a month — principal and interest on $289,000 with 20% down ($57,800), 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 854 Iron Mine Rd compare with other homes in Lanark Highlands?
Its asking price of $289,000 is about 30% below the median sold price in Lanark Highlands over the last 90 days, $415,000, across 35 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 854 Iron Mine Rd been sold before?
Summitly has no earlier MLS® sale or lease of 854 Iron Mine Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 854 Iron Mine Rd?
854 Iron Mine Rd is in Lanark Highlands, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 854 Iron Mine Rd been on the market?
302 days — 854 Iron Mine Rd was listed on January 13, 2026.
What is the lot size of 854 Iron Mine Rd?
The lot is 3.495 acres, as published in the listing.
What is the land transfer tax on 854 Iron Mine Rd?
About $2,810 in Ontario land transfer tax at the asking price of $289,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 854 Iron Mine Rd or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 854 Iron Mine Rd?
The listing for 854 Iron Mine Rd doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Lanark Highlands.
