Home with brick exterior material, building for 32 King St, Cavan Monaghan Ontario L0A 1G0
Re-listed 25 days ago

32 King St, Cavan Monaghan, Ontario L0A 1G0

Townhouse
8
7
~< 700 sqft
$•••,•••
$1,299,900
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Townhouse
8
7
~< 700 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$929/sqft

Est. Mortgage$5,583/mo

Tax Amount (2024)$4,712/yr

Days On Market25 days

Total Days On Market223 days


Description

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.


Property Details

StyleOther
View-
Age of property-
SqFt~< 700 SqFt
Lot Size3,589 SqFt(97 x 37)
Parking Spaces5
MLS ®NumberX12078984
Community NameCavan Monaghan
Data SourceTRREB
Listing byROYAL HERITAGE REALTY LTD.

Features

Heating: Baseboard
Cooling: Central Air
Basement: Crawl Space

Features

Lot size: 3,589 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 4

Total parking spaces 5


Property listed by ROYAL HERITAGE REALTY LTD., Brokerage
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Market Data - Cavan Monaghan

Geo Zone Map ThumbnailCavan Monaghan

Balanced Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

6 days

Compared to

2024

12 days

2023

28 days

2022

8 days

New Listings

Past 30 days

3 listings

Compared to

2024

1 listing

2023

2 listings

2022

4 listings

Units sold

Past 30 days

1 unit

Compared to

2024

3 units

2023

2 units

2022

5 units

Median Sold Price

Past 30 days

$705,000

Compared to

2024

$660,000

2023

$780,000

2022

$800,000


Population and Demographics

Overview

Total population 11158
Average household income $140,392

Age (%)

0 to 19
22%
50 to 64
22%
65 and plus
22%
35 to 49
18%
20 to 34
16%

Household composition (%)

Single family
80%
Single person
17%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
95%
Others
3%
French
1%

House tenancy (%)

Owners
91%
Renters
9%

Schools and amenities

Estimated Budget