56 Horizon Avenue, Cavan Monaghan, ON

$889,999
MLS#:X9510265
4 beds
3 baths
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on December 13, 2024. This listing is for reference purposes only. to view the sold price.

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 $889,999 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
  • Premium 45.01 x 109.09 ft lot size
  • Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 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 gas

Description

Stunning All Brick Exterior Home Featuring 4 Spacious Bedrooms, 3 Bathrooms and a Double Car Garage. Located in the Highly Desired Highlands of Millbrook Community. The Versatile Main Level, That Features 9 Feet Ceilings, Hardwood, and an Open Concept Layout. The Living Room Effortlessly Doubles as a Home Office or Formal Dining Area, Offering You Flexibility For Your Lifestyle. Conveniently Located Nearby, You'll Find The Laundry Room and a Stylish Powder Room for Guests. The Heart of This Home Boasts a Bright White Kitchen, Featuring Sleek Stainless Steel Appliances and Elegant Quartz Countertops Ideal for Cooking and Entertaining. The Oversized Family Room is a Sun-drenched Retreat, with Large Windows that Fill the Space with Natural Light. Picture Cozy Evenings by the Fireplace, Creating the Perfect Ambiance for Relaxation and Gatherings. On the Second Level, You'll Find Four Spacious Bedrooms Designed for Comfort. Three Include Convenient Walk-in Closets, While Two Showcase Elevated and Cathedral Ceilings. The Main Bathroom Adds Functionality to this Floor. The Primary Bedroom is a True Sanctuary, Featuring Large Windows, a Generous Walk-in Closet, and a 4 Piece Ensuite Complete with a Soaking Tub and Separate Shower. Convenient Access to all Major Highways (115/401/407). This Beautiful Home is Less than an Hour Away from the GTA at a Significantly More Affordable Value than GTA Homes. Enjoy Additional Income Potential by Adding a Separate Basement Apartment, with Bathroom Rough in Already in Place.

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Property Summary

This detached home located at 56 Horizon Avenue, Cavan Monaghan is currently for sale and has been available on SousaSells for 631 days. This property is listed at $889,999 with an estimated mortgage of $2,962* per month. It has 4 beds, 3 bathrooms, and is unknown square feet. 56 Horizon Avenue, 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
4
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 13, 2024
Sold price information is available to members only
Listed Date10/23/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementUnfinished
Lot Size45.01 × 109.09 Feet
CountyPeterborough
Annual Tax$6,280.72
Legal DescriptionLOT 36, PLAN 45M256 SUBJECT TO AN EASEMENT FOR ENTRY AS IN PE304546 SUBJECT TO AN EASEMENT FOR ENTRY AS IN PE311331 TOWNSHIP OF CAVAN-MONAGHAN

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Other

Security Features

Community Features

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Location

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56 Horizon Avenue, 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 56 Horizon Avenue, Cavan Monaghan, ON L0A 1G0

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.

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Interest Rate4.00%
Down Payment$267,000 (30.0%)
* Minimum Canadian down payment required for this price is $64,000.
Amortization Period30 Years
Estimated Monthly Payment$2,962Based on a loan of $622,999 over 30 years.
Purchase Price$889,999
Loan Amount$622,999
Provincial Land Transfer Tax:$14,275
Total Estimated Closing Taxes:$14,275

About Purchasing a Home in Cavan Monaghan, ON

For a property listed at $889,999 in Cavan Monaghan, the legal minimum down payment is $64,000 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 $14,275 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 $14,275.

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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.