15 Melrose Drive, Cavan Monaghan, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cavan Twp. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $849,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 3 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 45.01 x 111.55 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- Ample parking with 2.00 garage spaces (4.0 total parking spaces) with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Stunning 4-bedroom, 2-storey premium all brick home with an attached double car garage and 9-foot ceilings throughout, situated in front of a recently developed park and greenspace. This prime lot is located in quaint and picturesque Highlands of Millbrook, step to walking path with ravine walk way. Main floor features include laundry with garage access, complemented by a 20x20 paver stone patio perfect for outdoor relaxation. This upgraded home showcases lovely living room, open kitchen and dining area with walk-out, a family room with a fireplace and a primary bedroom with an ensuite bathroom. The unfinished basement awaits your personal touch. Situated within walking distance of the community center, only minutes drive from Hwy 115 and Hwy 407, and near Peterborough.
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Property Summary
This detached home located at 15 Melrose Drive, Cavan Monaghan is currently for sale and has been available on SousaSells for 732 days. This property is listed at $849,900 with an estimated mortgage of $2,829* per month. It has 4 beds, 3 bathrooms, and is 2000-2500 square feet. 15 Melrose Drive, Cavan Monaghan is in the Cavan Twp neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 15 Melrose Drive, Cavan Monaghan, ON L0A 1G0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Cavan Monaghan, ON
For a property listed at $849,900 in Cavan Monaghan, the legal minimum down payment is $59,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,473 for this transaction. As this listing is in Cavan Monaghan (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,473.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.