$1,250,000Asking Price
32 King Street, Cavan Monaghan, ON L0A 1G0
Millbrook, Cavan Monaghan
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.
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.
See MoreKey Info
- Other Multiplex
- 4+ Parking
- Detached Garage
- HWY 115 TO HWY 10 SOUTH. TURN RIGHT (EAST) ON KING ST
- Less than 700 Square Feet
- No Ensuite Laundry
- Baseboard Electric Heating
- Central Air
Property
- Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
- Taxes were $4,712 in 2024
- Possession: flexible
Details
- Brick Exterior
- No Fireplace
- 5 Kitchens
- Green Property Info Statement
- MLS #X12078984
- ROYAL HERITAGE REALTY LTD.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 7 Bathrooms | |||
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Who lives here?
Millbrook, Cavan Monaghan is an east GTA neighbourhood notable for its renters, university grads, executives, health and education, law & public sector professionals and salespeople. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of babies, kids aged 5 to 9, adults aged 30 to 34 and 30 to 34 and seniors aged 70 to 74.
Families
Kids Per Family
1.0
kids per family
in the neighbourhood.
Singles
35%
of residents are
single and loving it.
35% singles
Cavan Monaghan (35%)Renters
15%
of residents
are renters.
15% renters
Cavan Monaghan (11%)Education
27%
of residents are
university grads.
27% university grads
Cavan Monaghan (23%)Income
Average Household Income
$107K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 15% |
| Government | 11% |
| Trades | 10% |
| Management | 8% |
| Health | 7% |
Immigrants
7%
of residents were
born outside of Canada.
7% immigrants
Cavan Monaghan (6%)Birthplace - All
2.1% from UK
All-time
Birthplace - Recent
0.3% from UK
Recent
Foreign Languages
Foreign Languages
| French | 1% |
| German | 1% |
| Dutch | 1% |
| Polish | 1% |
Religions
Religions
| Christian | 69% |
