Phone

C$789,000

13 Union St, Cavan Monaghan, Ontario, L0A 1G0

3 Bedroom

3 Bathroom

1 Garage

MLS - #X12024359

FOR Sale

Description

Welcome to your dream home in the heart of Millbrook! This stunning new build offers modern living in a peaceful, family-friendly community. Boasting just under 1,900 sq. ft., this 3-bedroom, 2.5-bathroom home is thoughtfully designed with quality craftsmanship and luxurious finishes. Home Features: Spacious, Open-Concept Living, perfect for entertaining or family gatherings. Elegant Hardwood Floors throughout the main level for a seamless, high-end feel. Pristine Bathrooms, featuring stylish finishes, custom sleek vanities, and modern fixtures. A Bright and Airy Kitchen with Custom cabinetry, premium countertops, and ample storage space. Primary Suite, is generous in size with a spa-like ensuite and walk-in closet. Built with high-quality materials for comfort and efficiency. Comes with a 7-Year Tarion Warranty for Peace of mind knowing your home is protected! Built by a Top-Rated Builder, recognized for excellence in craftsmanship and attention to detail. About the Community: Millbrook Ontario, is nestled in the rolling hills of Cavan-Monaghan! Millbrook is a charming and historic village known for its quaint downtown, scenic trails, and welcoming community atmosphere. Don't be surprised if a movie or TV show gets filmed here! Just minutes from Highway 115 and a short drive to Peterborough or the GTA, this location offers the perfect balance of small-town charm and urban convenience. Enjoy local shops, cafes, parks, and schools, all while being surrounded by nature. Don't miss this opportunity to own a beautifully built home in one of Ontario's sought-after communities! NOTE: Photos are examples only, home will look similar to photos included, home is still under construction.

Last check for updates

Property type

Semi-Detached

Style

2-Storey

Community

Millbrook Village

Lot size

4,550 Sqft

Garage spaces

Home Overview

Basement information

Unfinished, null

Virtual tour

Tour Now

Mls® #

X12024359

Building size

1500-2000

Status

Active

Property sub type

Taxes

Tax year

2025

Maintenance fee

N/A

Year built

Interior

# total bathrooms

# Full baths

# of above grade bedrooms

# of rooms

Family room available

Yes

Laundry information

Exterior

Construction materials

Brick

Other structures

# garage spaces

# parking spaces

Garage features

Attached

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Amenities / Utilities

Cooling

Central Air

Heat source

Gas

Heat type

Forced Air

Sewers

Location

Water source

Municipal

Area

Peterborough

Community

Millbrook Village

Community features

Library, Park, Rec Centre, School, ,

Directions

Union Street/County road 21

Walk Score for 13 Union St

Schedule a viewing

Phone

Map View

Mortgage Calculator

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Your Estimated Monthly Mortgage Payment.

Steps to calculate your payments using a mortgage calculator

1. Determine the purchase price of the home.

2. Calculate the down payment (usually 5-20% of the purchase price in Canada).

3. Subtract the down payment from the purchase price to get the mortgage amount.

4. Choose a mortgage term (typically 5 years in Canada) and amortization period (usually 25-30 years).

5. Determine the interest rate (check current rates from Canadian lenders).

6. Use a mortgage calculator or formula to determine the monthly payment based on the mortgage amount, interest rate, and amortization period.

7. Factor in additional costs like property taxes, home insurance, and possibly mortgage insurance if the down payment is less than 20%.

8. Consider the impact of making accelerated bi-weekly payments instead of monthly payments to pay off the mortgage faster.

9. Review the total interest paid over the life of the mortgage.

10. Ensure the monthly payments fit within your budget, typically not exceeding 32% of your gross monthly income for housing costs.

Terms Explained

Home Value: The current market value or purchase price of the property.

Down Payment: The initial upfront portion of the total home purchase price paid by the buyer.

Mortgage Amount: The amount borrowed from a lender to purchase the home (Home Value minus Down Payment).

Interest Rate: The percentage charged by the lender for borrowing the money, usually expressed as an annual rate.

Mortgage Term: The length of time your mortgage agreement and interest rate are in effect (typically 1-5 years in Canada).

Amortization Period: The total length of time it will take to pay off the entire mortgage (usually 25-30 years in Canada).

Monthly Payment: The amount paid each month towards the mortgage, including principal and interest.

Principal: The original amount borrowed, which decreases as payments are made.

CMHC Insurance: Mortgage default insurance required for down payments less than 20% of the home's value.

Property Taxes: Annual taxes levied by local governments based on the property's assessed value.

Home Insurance: Coverage to protect the property against damage or loss.

Land Transfer Tax: A tax paid to the provincial government when purchasing a property.

Closing Costs: Additional expenses incurred when finalizing a home purchase (legal fees, inspections, etc.).

Prepayment Privileges: Options to pay extra towards the mortgage without penalties.

Fixed Rate Mortgage: A mortgage where the interest rate remains constant for the term.

Variable Rate Mortgage: A mortgage where the interest rate can fluctuate based on the prime rate.

Refinancing: The process of replacing an existing mortgage with a new one, often to take advantage of better terms or rates.

These terms are commonly used in mortgage calculations and discussions about home financing in Canada.