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$1,449,999
Cavan Monaghan
25 King Street East, Cavan Monaghan (Millbrook Village), Ontario, L0A1G0
This multi-family property in Cavan Monaghan is for sale offering roughly 7,337 sq ft of space.
This property delivers stability and long--term upside in today's uncertain financial markets. The town of Millbrook is growing fast. Strategically located just minutes from Highway 115, 15 minutes from Peterborough and under an hour to the GTA. It is a desirable, commuter-friendly town with rising demand for quality rentals. Located in the heart of Downtown Millbrook on a picturesque park-like setting with Baxter Creek running through the property. Steps to walking trails, shops, restaurants, library and more. The property features five 2 bedroom units and three 1bedroom units, 5 covered balconies, and ample parking. Tenants pay hydro, each unit is separately metered. Parking for 10 vehicles. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 123 days on market, against an average age of 77 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 99.3 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This multi-family in Cavan Monaghan (Millbrook Village) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,449,999, about 12.7× the local median household income of $114,000.
Carrying it typically needs a household income of about $283,236 (20% down, 25-yr amortization, stress-tested) — roughly 148% above the area median.
Source: Statistics Canada, 2021 Census (FSA L0A)
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Loading rates, 30-yr amortization
Cash Needed to Close
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