5-Bed Country Home with 6+ Acres and Income Apartment

Property details for 194 County Rd 10, Cavan Monaghan

Type: Residential
Bedrooms: 5
Bathrooms: 3
Lot Size: 1278 x 453 FT
Stories: 2
Basement: Partial
Parking: No Garage, RV
Heating: Forced air, Oil
Cooling: None
Exterior: Vinyl siding
Annual Taxes: $5,756

You're getting a lot here: a 5-bed, 3-bath main house plus a separate 2-bed accessory apartment on over 6 acres, all for under $650K. This property is set up for multi-generational living or rental income, and there's plenty of outdoor space. The lot is level and partially cleared, with wooded areas and a conservation green belt - ideal for privacy or hobbies like gardening or storing an RV. The house itself is practical, with vinyl siding, a block and poured concrete foundation, and no garage but a paved yard for parking up to 20 vehicles. Inside, you'll find a mix of main and second-level living spaces, including a family room, office, and den. The kitchen and dining are on both levels, so the apartment is essentially self-contained. Heating is forced air oil, and there's a drilled well - rural living, so expect some DIY maintenance. The septic system is in place. It's about 10 minutes to Hwy 115 and 20 to Hwy 401, making it a decent commute to Peterborough or the GTA. Nearby Rhino's Roadhouse is 8.8 km away for a bite. With a tax bill around $5,700, it's reasonable. This one's been on the market a while, so there's room to negotiate. The lot size is generous at 1278 x 453 feet. If you need space and flexibility without the subdivision price tag, this is a solid option.

About 194 County Rd 10, Cavan Monaghan — Property Score

Great Location Well Priced

Score: 66/100

Value

Priced 37.2% below area median of $1,034,950 based on 14 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

5 bedrooms - 1 more than similarly priced 4-bedroom homes nearby 72

3 bathrooms - typical for similarly priced properties 60

578,934 sqft lot - an oversized lot for the area 90

Location

$102K median household income - above the Canadian average of $70K 81

91% of residents hold postsecondary credentials - a highly educated neighbourhood 97

95% homeownership rate - indicating a stable, owner-occupied community 97

47% of residents commute under 30 minutes - good commuting convenience 68

13/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 70 days on market 100

-17.9% median price change over 1 month - declining prices in the area 1

11 months of housing supply - 33 active listings with 3 sold last month (buyer's market) 40

Features

20-car garage - more than the area average of 9 spots 95

Partial basement - potential for additional finished space 70

standard forced air system 75

None 30

No premium extras like pool, waterfront, or view 50

Investment

0.89% effective tax rate ($5,755/yr) - below the Canadian average of ~1% 73

+35.7% area price change year-over-year - strong appreciation in Cavan Monaghan 100

5% renter population - primarily owner-occupied area 36

Quality

Condition

Listing

48 photos provided - 17% more than the area average of 41 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.