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241 Monarch Drive
Beds
4
Baths
2
Sqft
2,244
Year
2000
Type
Single Family
On market
90d
Welcome to this charming 4-bedroom, 2-bath split-entry home nestled on 1.8 acres of private land in Monarch Estates. Surrounded by mature trees, the spacious backyard is a dream for outdoor enthusiasts, featuring a chicken coop, apple trees, grape vines, and perennial strawberry and asparagus beds, along with a prepared slab ready for a future garage, workshop or backyard paradise. Inside, the split-entry layout offers a natural flow between the living, dining, and kitchen areas, with garden doors leading to a new 12' x 16' deck; perfect for outdoor dining and entertaining. The main level includes three bedrooms and a full bathroom, while the lower level features an additional bedroom and bathroom, along with a plumbed garage space that offers potential for a secondary suite, complete with a private side entrance from the large driveway. Additional highlights include a roof approximately 8 years old, two new mini-split heat pumps (one on each level) providing efficient heating and cooling year-round, new flooring throughout the main floor, upgraded electrical with generator sub panel, and a brand-new custom kitchen. Located just minutes from amenities and great schools, this property offers the perfect blend of privacy, space, and convenience, making it an ideal place to call home. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Recreational, Games room | 13.4x18.8 | |
| Storage | 13.4x11.6 | |
| Laundry room | 6.1x13.5 | |
| Bath (# pieces 1-6) | 8.10x8.5 | |
| Bedroom | 9.10x13.5 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 13.5x16.7 | |
| Dining room | 10.1x12.10 | |
| Kitchen | 10.1x12.10 | |
| Bath (# pieces 1-6) | 8.0x12.10 | |
| Primary Bedroom | 14.4x12.10 | |
| Bedroom | 9.10x9.7 | |
| Bedroom | 12.0x9.7 |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-1.06%
Cap rate
4.65%
GRM
13.9
Break-even rent
$4,020
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Beaver Bank. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.