32 King Street, Cavan Monaghan, ON
Property no longer active
This property was sold on July 29, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Other multiplex located in the coveted neighborhood of Millbrook Village. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,250,000 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.
- 8 Bedrooms and 7 Bathrooms with 5 functional kitchens
- Generous living space spanning < 700 sqft on a premium 37 x 97 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 5.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Water Heater Owned, Separate Hydro Meter, Water Meter
- equipped with central air central cooling and highly efficient baseboard heating via electric
Description
50K Price Reduction. Welcome to the heart of growing and flourishing downtown Millbrook. This mixed-use building is perfect for the discretionary investor looking to access the rental and commercial market in the area. The property boasts 4 large residential units, 2 thriving commercial units and 1 exterior garage (used as storage presently). All units are occupied with the majority at market rents. Each tenant has been properly vetted and takes pride in the property. The present owner has spent close to $300K on renovations and upgrades to the building. All tenants pay their own heat/hydro making the monthly costs favorable.
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Property Summary
This multiplex located at 32 King Street, Cavan Monaghan is currently for sale and has been available on SousaSells for 462 days. This property is listed at $1,250,000 with an estimated mortgage of $4,161* per month. It has 8 beds, 7 bathrooms, and is < 700 square feet. 32 King Street, Cavan Monaghan is in the Millbrook Village neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Parking & Garage
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Features
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Interior Features
Water Heater Owned, Separate Hydro Meter, Water Meter
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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 32 King Street E, 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 $1,250,000 in Cavan Monaghan, the legal minimum down payment is $250,000 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 $21,475 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 $21,475.
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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.