7 Union Street, Cavan Monaghan

$649,900
7 Union Street

$649,900

New
24d
Detached1 1/2 Storey

7 Union Street, Cavan Monaghan

Total Monthly Obligation $3,278

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
24d
Score
22
Yield
5.5%
Cash on Cash
0.2%
Cap Rate
4.6%
5Y IRR
15.7%
10Y IRR
14.7%
Property Type-Detached
MLS® Number-X13838914
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-59.4 × 132 ft
Listed on site-Sep 29, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-100+
Taxes-$3,376 (2025)
Parking-5 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX Jazz INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-60-90 Days/ Vacant Possession
Neighbourhood-Millbrook Village
Title-Residential Freehold

No agent assigned

Welcome to 7 Union Street, where century-home charm meets small-town living in the heart of beautiful Millbrook. Built in 1882 and offering over 1,600 sq. ft. of living space, this 3-bedroom, 2-bathroom home is move-in ready with great bones and plenty of opportunity to make it your own. The spacious kitchen offers an abundance of cabinetry, storage, and counter space, while the dining room opens directly onto the back deck overlooking the fenced yard-perfect for outdoor dining, kids, pets or summer evenings at home. Throughout the home, you'll find plenty of storage and a functional layout that could easily be brought back to life with a few thoughtful updates. The primary bedroom features direct access to the second bathroom along with an impressively large walk-in closet. Keep the storage as-is, or scale back the closet to create an even more spacious primary retreat. A full basement provides additional space for storage, hobbies or whatever your needs may be. One of the biggest highlights is the impressive 4-bay garage, offering over 800 sq. ft. plus a loft area-an incredible amount of space for an in-town property. Whether you need room for vehicles, a workshop, hobbies, toys or extra storage, the possibilities are endless. There's also driveway parking for three vehicles. Best of all, you're just a short walk from downtown Millbrook, with local shops, cafés, restaurants, parks and amenities right at your doorstep. With its century charm, generous living space, fenced yard, exceptional garage and unbeatable walkability, 7 Union Street offers space, potential and small-town living in one of the area's most charming villages.

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%
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$
$
(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$519,920
Land Transfer Taxes$9,473
Legal Fees (Est.)
$
Total cash required for closing$140,953

Total Monthly Obligation

$3,278/mo
Mortgage $2,622
Monthly Loss $2,588
Principal$690
Interest$1,932
Property Tax$281
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-5.0%2
5-Year IRR
11.7%48
10-Year IRR
11.9%
Returns Index
25.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,000/yr
NOI
$24,524/yr
Net Cash Flow
-$578/mo
Cash Margin
-19.3%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
26.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 7 Union Street

Time

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Data last updated within the past 24 hours.