32 King Street, Cavan Monaghan, ON

$1,250,000
MLS#:X12078984
8 beds
7 baths
< 700 sqft
5.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Other"] multiplex located in the coveted neighborhood of Millbrook Village. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,250,000 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.

  • 8 Bedrooms and 7 Bathrooms with 5 functional kitchens
  • Generous living space spanning < 700 sqft on a premium 37 x 97 ft lot
  • Features a ["crawl space"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater Owned, Separate Hydro Meter, Water Meter
  • equipped with ["central air"] central cooling and highly efficient baseboard heating via electric

50K Price Reduction. 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.

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Key Features

Bedrooms
8
Bathrooms
7
Kitchens
5
Living Area
< 700 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 29, 2025
Sold price information is available to members only
Listed Date4/11/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex
ConstructionBrick
Lot Size37 × 97 Feet
CountyPeterborough
Annual Tax$4,712
Legal DescriptionLT 10 N/S CONCESSION LINE AND W OF ROW PL MILLBROOK CAVAN; T/W R687889 EXCEPT THE EASEMENT THERIN LYING EAST OF PT 9 9R2426; CV-MIL-NMO

Parking & Garage

Parking Spaces5.0
Garage Spaces4
Garage TypeDetached

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
Cooling["Central Air"]

Features

Property Features

Community Features

Location

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32 King Street, Cavan Monaghan, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 32 King Street E, Cavan Monaghan, ON L0A 1G0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$1,000,000
Monthly Mortgage$5,810
Property Tax (Est.)$393
Utilities & Maint.$350
Total Monthly Cost$6,553

Strategic Fiscal Clarity

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