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422 7A Highway, Cavan Monaghan, ON L0A 1C0

4 beds · 4 baths · 1 kitchen · 9+4 rooms · 13 parking spaces · 2500-3000 sq ft · Detached
$1,249,900
Property tax
$7,446 / year

Impressive custom brick/stone bungalow, boasting over 2500 sf of luxurious living space on the main level plus full WALKOUT basement and attached heated 3-car garage with 2 overhead doors. Nestled on an expansive 1.74 ACRES, this home offers a serene lifestyle with panoramic views overlooking farmlands and the Cavan Hills, complete with a spring-fed POND, ranging from 10-14 ft deep. As you enter the front foyer, there is a convenient den plus the grandeur of a spacious great room, accentuated by a striking stone fireplace and a unique waffle-patterned feature wall. Gleaming hardwood floors flow throughout the home with an abundance of crown mouldings and pot lights. The chef's kitchen is a culinary delight, equipped with stainless steel appliances, a granite countertop, ceramic backsplash, and an island with a veggie sink. The adjacent large dining area opens onto a generous deck, designed with tempered regal glass for unobstructed views of the backyard and fire pit area, ideal for entertaining friends and family. The main floor features 4 well-appointed bedrooms, including a primary suite that includes a walkout to the deck, a luxurious 5-pc ensuite with dual sinks, a separate shower and a whirlpool tub, all complemented by a stylish barn door privacy feature. The primary suite also boasts a walk-in closet with built-in shelving for optimal organization. Two of the additional bedrooms share a convenient Jack and Jill bathroom, while a third bedroom is situated near the 2-pc powder room. The walkout basement includes large above-grade windows that flood the space with natural light, a cozy family room complete with an electric infinity fireplace and a dry bar, 3-pc washroom and a huge open area with extra plumbing rough-ins, perfect for customization. The basement also features ample storage, making it an excellent option for a multi-generational living arrangement with its separate entrances and walkout basement.

MLS number
X13456262
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
4
Postal code
L0A 1C0
Photos
50
87days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

The market around this home

Detached houses in Cavan Monaghan193 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$758k$1.01M$1.26M20252026this home’s asking price
$767klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
97%99%100%20252026the asking price
99%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d18d37d20252026
19dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in cavan monaghan. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$249,980 · minimum here is $99,990
$5,534.29per month
Borrowed before insurance$999,920
Total borrowed$999,920
Interest over 25 years at 4.5%$660,366

If you rented it out

-$6,154.79per month out of pocket
Rent$0.00
Everything it costs to hold$6,154.79
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Re/Max Impact Realty. Listing data provided by the Toronto Regional Real Estate Board.