1861 Cora Drive, Cavan Monaghan, ON

$775,000
MLS#:X8432450
5 beds
3 baths
1500-2000 sqft
8.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cavan Twp. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $775,000 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.

  • 5 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 100.94 x 287.88 ft lot
  • Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 8.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Charming 3+1 Bedroom Countryside Retreat on Expansive Lot. This lovely home nestled in the serene countryside, offers the perfect blend of modern comfort and rustic charm. This spacious 3+1 bedroom residence sits on a large, picturesque lot, providing ample space for outdoor activities and tranquil living.The main floor features an open concept layout, combining the living and dining rooms to create a warm and inviting space for family gatherings and entertaining guests. The kitchen has a convenient walk-out to the deck and yard, perfect for al fresco dining and enjoying the views. The family room offers a cozy retreat for relaxation and quality time with loved ones. A powder room completes the main floor, adding convenience and functionality.The upstairs primary bedroom has a spacious walk-in closet and a private 4-piece ensuite bathroom, providing the perfect escape at the end of the day. Two more generously sized bedrooms and a 4-piece bathroom ensure ample space for family members or guests.The finished basement offers a versatile rec room, ideal for a home theater, game room, or additional living space. A fourth bedroom in the basement provides privacy and comfort for guests or extended family, while a dedicated work-out room makes it easy to maintain an active lifestyle.This home is the epitome of country living with modern amenities, offering a peaceful retreat from the hustle and bustle of city life. Don't miss the opportunity to make this charming countryside home your own!

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Property Summary

This detached home located at 1861 Cora Drive, Cavan Monaghan is currently for sale and has been available on SousaSells for 760 days. This property is listed at $775,000 with an estimated mortgage of $2,580* per month. It has 5 beds, 3 bathrooms, and is 1500-2000 square feet. 1861 Cora 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

Bedrooms
5
Bathrooms
3
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 29, 2024
Sold price information is available to members only
Listed Date6/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionAluminum Siding, Brick
BasementFull, Partially Finished
Lot Size100.94 × 287.88 Feet
CountyPeterborough
Annual Tax$4,142.61
Legal DescriptionPCL 3-1 SEC M722; LT 3 PL M722 ; CVN-MIL-NMO

Parking & Garage

Parking Spaces8.0
Garage Spaces6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater

Security Features

Community Features

Location

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1861 Cora Drive, Cavan Monaghan, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1861 Cora Drive, Cavan Monaghan, ON L0A 1C0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Cavan Monaghan.

Configure Loan Settings

Interest Rate4.00%
Down Payment$232,500 (30.0%)
* Minimum Canadian down payment required for this price is $52,500.
Amortization Period30 Years
Estimated Monthly Payment$2,580Based on a loan of $542,500 over 30 years.
Purchase Price$775,000
Loan Amount$542,500
Provincial Land Transfer Tax:$11,975
Total Estimated Closing Taxes:$11,975

About Purchasing a Home in Cavan Monaghan, ON

For a property listed at $775,000 in Cavan Monaghan, the legal minimum down payment is $52,500 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 $11,975 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 $11,975.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cavan Twp, Cavan Monaghan.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,040,764

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.