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Coldwell Banker Summit Realty

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

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

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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 On market 88 days

    5359 Highway 511 Highway

    ·Lanark, ON··

      0
    • Vacant Land
    Lanark real estate›X12454527
    • 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

    Calling all investors and dreamers! A rare opportunity awaits at 5359 Hwy 51, a 2.5+ acre lot in the heart of the Lanark Highlands offering one of the most flexible zoning designations available: Rural Residential and Commercial. This unique blend opens the door to countless possibilities, whether you're looking to build your dream home, create a seasonal retreat, launch a business, or invest for the future.The zoning allows for an impressive range of uses, making this property truly versatile. Options extend from residential living to a wide variety of commercial possibilities such as hospitality, retail, food service, professional offices, or small-scale community services. This breadth of permitted uses provides buyers with the freedom to tailor the land to their vision whether that means establishing a business, creating income potential, or enjoying a private country escape.This property is development-ready with a driveway and civic address already in place, and hydro available at the paved, municipally maintained road. You're minutes from outdoor recreation including public boat launches, trails, and the Lanark Timber Run Golf Course, making it an outdoor enthusiasts paradise. Bordering a respected public school, this location offers both family-friendly convenience and investor appeal.Despite its quiet rural charm, you're close to everything: 15 minutes to Balderson, 25 minutes to Perth, 20 minutes to Almonte and Carleton Place, 30 minutes to Calabogie Ski hill and Pakenham ski hill, 35 minutes to Silver Lake Provincial Park and Blueberry Mountain Trail, and under an hour to Ottawa or Kanata.Escape the noise of the city and discover the best of both worlds: tranquility, opportunity, and convenience. With dual zoning, lifestyle appeal, and unbeatable location, this lot is more than land it's a foundation for growth and a truly rare chance in Eastern Ontario.

    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
    Apr 8, 2026Previously listedNew$132,900 —X12969008View
    Oct 9, 2025ListedCurrentFor sale$132,900 —X12454527This 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.

    • Parking & garage

      2
      Parking spaces
      8
      Driveway
      Lane
    Location & lifestyle

    Getting around, schools & the block

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

    📍 5359 Highway 511 Highway
    What's nearby

    Points of interest classified by the MLS® feed.

    • Golf
    • School Bus Route
    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
    $653
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $43
    0.39% 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
      $504,240
      Last 30 days
    • Median sold price
      $402,500
      Middle of the market
    • Days on market
      41 d
      Avg from list to close
    • Closed last 30d
      24
      MLS® transactions
    Full Lanark market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 5359 Highway 511 Highway — 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 5359 Highway 511 Highway 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 5359 Highway 511 Highway listed for?

      5359 Highway 511 Highway is listed at $132,900 on the MLS® (listing X12454527). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 5359 Highway 511 Highway 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.

  1. 2-4.99 ac lot
  2. Asking
    $132,900
    MLS® X12454527
    Chat Zara
  3. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $504,240
    $463,901Confidence range$544,579
    Asking vs estimate
    ↓below
    −$371,340
    (-73.6%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price (limited data on this listing).

    Market analytics

    Homes like this in Lanark sell in about 41 days — this one has been listed 88 days.

    Avg sold price
    $504,240
    Median sold
    $402,500
    Avg days on market
    41
    Recently sold
    24
    See comparable sales
    AI highlights by Zara
    • Calling all investors and dreamers!
    • A rare opportunity awaits at 5359 Hwy 51, a 2.5+ acre lot in the heart of the Lanark Highlands offering one of the most flexible zoning designations available: Rural Residential and Commercial.
    • With dual zoning, lifestyle appeal, and unbeatable location, this lot is more than land it's a foundation for growth and a truly rare chance in Eastern Ontario.
    Ask Zara a follow-up

    Exterior & construction

    1
    View
    Forest, Trees/Woods
  4. Lot & land

    1
    Zoning
    residential, commercial
  5. Listing & possession

    3
    Occupancy
    Immediate
    Property style
    Other
    Property class
    Vacant Land
  6. Combined estimate
    $696
    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
    $653
    /mo
    based on the purchase price of $132,900
    $26,580 cash
    $106,320 financed
    $89,549 total interest
    Monthly payment$653/ month
    Principal54%$106,320
    Interest46%$89,549

    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.

    or send as guest
    Get pre-approved in minutes

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

    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 vacant lands that just sold in Lanark

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

    • 271 Mill Street
      Sold
      Sign in for price
      271 Mill Street
      Vacant Land
    • 275 Mill Street
      Sold
      Sign in for price
      275 Mill Street
      Vacant Land
    • 00 DALHOUSIE 4TH CONC B Road
      Sold
      Sign in for price
      00 DALHOUSIE 4TH CONC B Road
      Vacant Land
    • 00 Jerome Street
      Sold
      Sign in for price
      00 Jerome Street
      Vacant Land
    • 1008 Dalhousie 6A Concession
      Sold
      Sign in for price
      1008 Dalhousie 6A Concession
      Vacant Land
    • 1426 French Line Road
      Sold
      Sign in for price
      1426 French Line Road
      Vacant Land
    AddressBd / BaSqftSold$/sqft% of askSold
    5359 Highway 511 HighwayThis home0 / 0—$132,900ask———
    271 Mill Street0 / 0——
    275 Mill Street0 / 0——
    Sold prices are hidden under TRREB rules. to reveal them.

    More vacant lands in Lanark

    Active listings within ±20% of this asking price.

    • Lot 2 Watsons Corners Road
      $124,900
      Lot 2 Watsons Corners Road
      Vacant Land
    • Lot 3 Watsons Corners Road
      $124,900
      Lot 3 Watsons Corners Road
      Vacant Land
    • 00 CLYDE FORKS Road
      $149,000
      00 CLYDE FORKS Road
      Vacant Land
    • 00 Dalhousie Concession 3
      $129,900
      00 Dalhousie Concession 3
      Vacant Land
    • 5359 Highway 511 Highway
      $132,900
      5359 Highway 511 Highway
      Vacant Land
    • L2 -311 HARDING Road
      $139,900
      L2 -311 HARDING Road
      Vacant Land
    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 EXP REALTY · displayed on Summitly per MLS® data-share rules

    5359 Highway 511 Highway is a vacant land at Lanark, ON. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  11. When was 5359 Highway 511 Highway built?

    The year built for 5359 Highway 511 Highway 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 5359 Highway 511 Highway?

    The 'Property tax' tab in the History section shows the most recent annual tax for 5359 Highway 511 Highway plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  13. How much would the monthly mortgage be on 5359 Highway 511 Highway?

    The affordability calculator on this page shows an estimated monthly mortgage for $132,900 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  14. Has 5359 Highway 511 Highway been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 5359 Highway 511 Highway with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  15. What neighbourhood is 5359 Highway 511 Highway in?

    5359 Highway 511 Highway is in Lanark Highlands (Lanark) 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. 00 DALHOUSIE 4TH CONC B Road
    0 / 0
    700
    —
    00 Jerome Street0 / 0——
    1008 Dalhousie 6A Concession0 / 0——
    1426 French Line Road0 / 0——