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Investment signal

$349,000

72 GEORGE STREET

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Beds

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Baths

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Sqft

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Year

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Type

Retail

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lanark Highlands. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Located in the heart of Lanark, this mixed-use property offers a versatile opportunity for investors, entrepreneurs, or those looking to live and work in one location. The ground level features a commercial space operating as a pizza shop, offering excellent visibility and potential for a variety of permitted uses, while the upper level includes a self-contained 2-bedroom apartment ideal for rental income or owner occupancy. Positioned within the community core and surrounded by local amenities and steady foot traffic, this property presents a unique chance to reimagine the space to suit your needs. A flexible investment with both residential and commercial components in a growing small-town setting. Amazing location with no competition. (id:65958)

Subtype: Retail
Structure: Residential Commercial Mix
Community: 919 - Lanark Highlands (Lanark Village)
Living area: 1,536 square feet
Lot dimensions: 39.04 x 124.66 FT
On market: Apr 24, 2026
Status changed: Apr 24, 2026
Annual tax: $2,026.87 (2025)
Zoning: Mixed Use
Photos: 12
MLS#: X13040932
Area: LANARK_HIGHLANDS

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Positive cash flow ~$189/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

3.25%

Cap rate

5.51%

GRM

12.1

Break-even rent

$2,201

Financing

Down payment$69,800

Loan amount$279,200

Mortgage$1,415/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160

Insurance$80

Maintenance$291

CapEx reserve$145

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,415/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.