2500 Brown Line, Cavan Monaghan, ON

$1,189,900
MLS#:X9304403
4 beds
2 baths
2000-2500 sqft
14.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cavan-Monaghan. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $1,189,900 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 2 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a spacious lot (Feet)
  • Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 14.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient forced air heating via propane

Description

Play, Work, Live? Looking for the ideal blend of urban convenience and rural tranquility? Look no further!! This century home presents 5.5 acres, various outbuildings a fully heated operational barn. The home has been meticulously maintained, filled with gleaming floors and full of character, 4 Bedrooms, 1.5 Bathrooms. Recent housing upgrades include new sump pump, upgraded insulation, newer electrical. There is ample space in the outbuilding to store all your toys and/equipment. This property offers convenience without compromising on serenity. It truly is haven for those seeking a rural lifestyle. Seize the opportunity to create a comfortable and productive living environment. Great opportunity for all your toys and potential work equipment, allowing you to play and work all from home.

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Property Summary

This detached home located at 2500 Brown Line, Cavan Monaghan is currently for sale and has been available on SousaSells for 678 days. This property is listed at $1,189,900 with an estimated mortgage of $3,961* per month. It has 4 beds, 2 bathrooms, and is 2000-2500 square feet. 2500 Brown Line, Cavan Monaghan is in the Cavan-Monaghan neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 11, 2024
Sold price information is available to members only
Listed Date9/6/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Vinyl Siding
BasementFull
CountyPeterborough
Annual Tax$5,663.98
Legal DescriptionPT LT 2 CON 10 N MONAGHAN, BEING PT 2 PL 45R15868 TOWNSHIP OF CAVAN-MONAGHAN

Parking & Garage

Parking Spaces14.0
Garage Spaces12
Garage TypeAttached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Other

Security Features

Community Features

Location

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2500 Brown Line, 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 2500 Brown Line, Cavan Monaghan, ON K9J 6Z9

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.

Market Trend
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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$356,970 (30.0%)
* Minimum Canadian down payment required for this price is $237,980.
Amortization Period30 Years
Estimated Monthly Payment$3,961Based on a loan of $832,930 over 30 years.
Purchase Price$1,189,900
Loan Amount$832,930
Provincial Land Transfer Tax:$20,273
Total Estimated Closing Taxes:$20,273

About Purchasing a Home in Cavan Monaghan, ON

For a property listed at $1,189,900 in Cavan Monaghan, the legal minimum down payment is $237,980 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 $20,273 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 $20,273.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,267,061

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.