2226 Preston Road, Cavan Monaghan, ON

$789,900
MLS#:X9351278
3 beds
2 baths
7.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 18, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Sidesplit 4 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 $789,900 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.

  • 3 Bedrooms and 2 Bathrooms
  • Premium 100.02 x 163.79 ft lot size
  • Features a partially finished, walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Sewage Pump, Storage, Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Pride of ownership shows in this well maintained brick and aluminum sided bungalow set on .318 acre lot, offering a private setting. The property is framed by large cedar trees on both sides enhancing the sense of privacy. This family home boosts 3+1 bedrooms with 1-4pc, 2-2 pc baths. The home features a newer custom eat in kitchen that opens to a 3 season sunroom, providing a picturesque view of the large rear yard with patio and garden. The dining room is spacious and opens into a music room/office that could easily be renovated into a main floor family room. Hardwood floors in upper bedrooms and dining room. Lower level is designed for both relaxation and entertainment, featuring a large rec room with a bar and cozy gas fireplace and 2pc bath and offers convenient walk-out to backyard and patio that has electrical for hot tub. Basement includes another bedroom and 2pc bath and laundry room. This house is perfect for families in a nice rural setting on the edge of town. Just off Hwy 7, close to 115 for easy commutes to GTA or close to Lansdowne St W. Minutes to grocery store, pharmacy and restaurants. April 2024 new furnace and air conditioner.

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Property Summary

This detached home located at 2226 Preston Road, Cavan Monaghan is currently for sale and has been available on SousaSells for 668 days. This property is listed at $789,900 with an estimated mortgage of $2,629* per month. It has 3 beds, 2 bathrooms, and is unknown square feet. 2226 Preston Road, 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
3
Bathrooms
2
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 18, 2024
Sold price information is available to members only
Listed Date9/16/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleSidesplit 4
ConstructionAluminum Siding, Brick
BasementPartially Finished, Walk-Out
Lot Size100.02 × 163.79 Feet
CountyPeterborough
Annual Tax$3,367.54
Legal DescriptionLt 19, RCP 99, Cavan ; Cvn-Mil-Mno

Parking & Garage

Parking Spaces7.0
Garage Spaces6
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Clear View, Level, Library, Park, Place Of Worship, School Bus Route

Interior Features

Sewage Pump, Storage, Water Heater

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

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Location

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2226 Preston Road, 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 2226 Preston Road, Cavan Monaghan, ON K9J 0G5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$236,970 (30.0%)
* Minimum Canadian down payment required for this price is $53,990.
Amortization Period30 Years
Estimated Monthly Payment$2,629Based on a loan of $552,930 over 30 years.
Purchase Price$789,900
Loan Amount$552,930
Provincial Land Transfer Tax:$12,273
Total Estimated Closing Taxes:$12,273

About Purchasing a Home in Cavan Monaghan, ON

For a property listed at $789,900 in Cavan Monaghan, the legal minimum down payment is $53,990 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 $12,273 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 $12,273.

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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$1,040,975

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.