Sold for:Sold Apr 24, 2025
$748,990

7 Melrose Drive

Cavan Monaghan (Rural Cavan Monaghan), ON L0A 1G0

Detached House SoldNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 7 Melrose Drive, Cavan Monaghan, Rural Cavan Monaghan

2025-04-21
2025-04-25
Sold
Price
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MLS#
x12094496

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 7 Melrose Drive, Cavan Monaghan, Rural Cavan Monaghan

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!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$5,225
Land Transfer Tax Fee
$11,455

Rental Items

Rental Equipment
Hot Water Tank

Basement Type
Unfinished

Interior Features

Laundry Level
Main Level
Interior Extras
Auto Garage Door Remote, Water Softener
Fireplace/Stove
Yes
Fireplace Features
Natural Gas
Elevator
No

Exterior Features

Pool
None
Property Features
Rec./Commun.Centre, Park

Building

Building Type
Detached
Building Style
Bungalow
Approx Age
6-15

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Poured Concrete
Special Designation
Unknown

Lot

Lot Front
45.01 ft
Lot Depth
111.55 ft

Inclusions

Inclusions
Fridge, stove, dishwasher, washer and dryer, Central air, Garage door opener and remote

Parking & Garages

Garage Type
Built-In
Garage Spaces
2
Parking Spaces
4
Total Garage And Parking Spaces
6

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes

Bedrooms
2 + 1
Washrooms
2
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Kitchen—
    Main level, Ceramic Floor, Centre Island, Quartz Counter
  • Breakfast—
    Main level, Ceramic Floor, Combined w/Kitchen
  • Great Room—
    Main level, Walk-Out, Fireplace, Hardwood Floor
  • Primary Bedroom—
    Main level, His and Hers Closets, 4 Pc Ensuite
  • Bedroom 2—
    Main level, Closet, Large Window
  • Office—
    Main level, Overlooks Frontyard, Hardwood Floor, Large Window

Washrooms

  • 4-piece, Main
  • 3-piece, Main

Municipality
Cavan Monaghan
Neighbourhood
Rural Cavan Monaghan
Main cross streets
Pristine Trail & Melrose Drive

MLS® number
X12094496
Data source
Toronto Regional Real Estate Board
Status change
2025-04-25
Listed on
2025-04-21
Days on market
4 days
Possession date
2025-06-20
Possession type
June 20, 2025
Co-op commission
2.5
Seller
Listed by
T-ONE GROUP REALTY INC.,

Home Market Value

Current home valuation for 7 Melrose Drive, Cavan Monaghan, Rural Cavan Monaghan, Cavan Monaghan, ON. Listed for $748,990

HOMEH Estimate

?

$767,665

Estimated Sales Range

?

$537,366 - $997,965

HOMEH Estimate for 7 Melrose Drive, Cavan Monaghan, Rural Cavan Monaghan

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$767,665Low confidence
Based on 9 comparable properties
See the full analysisFree Every recent nearby sale behind this number

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Cavan Monaghan, ON
Minimum Down Payment Required:6.7%

5% on first $500K + 10% on $248,990 over $500K

Minimum down payment

$49,899

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
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%
$
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%
$
+CMHC insurance
$27,952$20,897$17,826$0
=Total mortgage
$726,760$694,988$654,467$599,192
Amortization
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%
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Payment frequency
=Mortgage payment
$3,548monthly$3,393monthly$3,195monthly$2,926monthly
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Land Transfer Tax

Provincial

$11,455

Total Land Transfer Tax

$11,455

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