7 Melrose Drive, Cavan Monaghan, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Cavan Twp. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $748,990 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
- Generous living space spanning 1500-2000 sqft on a premium 45.01 x 111.55 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Auto Garage Door Remote, Water Softener
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Your Next Home! This Beautiful Bungalow 2+1 Bed 2 Bath open concept bungalow was built with families in mind. With 1782 sqft. of living space and Thousands Spent On Luxury Upgrades, this Home Features an Inviting Open Concept Layout, Expansive, Family-Sized Kitchen with Quartz Counters & an Over-sized Quartz Island. Cozy up by the Gas Fireplace in the Great Room, which includes a Walk-Out To the Deck - Absolutely Perfect For Entertaining! The Spacious Primary Bedroom Features a Luxurious 4 Pc Ensuite, featuring large counter w/Sink, Glass Shower & Free-standing Soaker Tub. The main level includes a versatile front office that can easily be converted to a 3rd bedroom if desired. Large Windows Throughout Fill this Beautiful Home with Natural Light. Oak Staircase and Pickets, lead to your Partially Finished Basement Foyer, with tons of natural light and immaculate egress windows are Ready for your Personal Touch. The property is nestled on a premium lot, and is steps away from a beautiful park & conveniently accessible with 5 mins drive to Hwy 115, 20 mins to Peterborough & 40 minutes to the Durham Region. Perfect for First Time Home Buyers / Creative Investors, experience the comfort of the suburban lifestyle this home has to offer!
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Property Summary
This detached home located at 7 Melrose Drive, Cavan Monaghan is currently for sale and has been available on SousaSells for 451 days. This property is listed at $748,990 with an estimated mortgage of $2,493* per month. It has 3 beds, 2 bathrooms, and is 1500-2000 square feet. 7 Melrose 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
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Auto Garage Door Remote, Water Softener
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 7 Melrose Drive, Cavan Monaghan, ON L0A 1G0
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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 $748,990 in Cavan Monaghan, the legal minimum down payment is $49,899 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 $11,455 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 $11,455.
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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.