Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Monmouth. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $724,900 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.
Looking for extra space, multi-generational living, or an investment opportunity? This unique package offers two homes on a beautifully landscaped and private 1.4-acre property, which includes a 120' x 239' lot already prepped for a future garage. The main home features an open concept kitchen, dining and living area, two bedrooms on the upper level and a den on the lower level that can easily accommodate overflow guests. Enjoy the convenience of main floor laundry, a full basement with a cozy woodstove, and a 3 piece bathroom on each level. The main home is heated primarily with the woodstove, using baseboards as a backup. The woodstove is a Drolet woodstove that easily heats the house on 3 bush cords of firewood. The second home is fully winterized and sits on piers with spray foam insulation underneath. It offers two bedrooms, a 3 piece bathroom, a screened porch, and a verandah, the perfect place to relax and watch the local wildlife. Both homes have their own drilled wells and septic systems, providing independence and flexibility for family, guests, or rental potential. The second home has a beautiful Elmira - Sweetheart woodstove that easily heats the house and offers traditional cooking and baking. Live comfortably in one home while generating income by renting the other or explore the possibility of using one as a short-term rental or Airbnb (subject to local regulations and approvals).The property offers loads of parking, excellent privacy, and easy access to the rail trail for hiking, biking, and enjoying the outdoors. A rare opportunity to own two homes on one property in a peaceful setting with plenty of options for personal use, extended family, or income generation.
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Data-driven valuation for 1010 Cordova Road, Highlands East, ON K0L 2Y0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Highlands East.
About Purchasing a Home in Highlands East, ON
For a property listed at $724,900 in Highlands East, the legal minimum down payment is $47,490 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 $10,973 for this transaction. As this listing is in Highlands East (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $10,973.
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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.