40 East Maple Street, New Canaan, CT, 06840 | $1,495,000

In-town colonial charmer with income Potential & single-family flexibility. Nestled on a quiet residential street in the heart of town, this classic two-family colonial offers timeless charm, impressive flexibility, and a truly rare investment opportunity. With its high ceilings, oversized windows, and sun-filled rooms, this home effortlessly blends historic character with everyday functionality. Currently configured as a legal two-family residence, the property includes a versatile studio/home office space above a two-car garage-ideal for a remote work setup, guest suite, or potential in-law/nanny suite. The home's layout allows for easy conversion into a spacious single-family residence, making it perfect for a variety of lifestyle needs, whether you're looking to grow, downsize, or generate rental income. This property has delivered consistent, dependable rental income for 20 years. Live in one unit and rent the other, or lease both for maximum return. The private fenced yard is a serene escape, framed by mature trees and gardens, offering both tranquility and convenience. Located just steps from the new world-class library, shops, restaurants, movie theater, Metro-North train station, and top-rated schools, this property truly delivers the best of in-town living. Whether you're starting out, investing, or retiring, this home presents a unique opportunity to build equity in a highly desirable location. Don't miss your chance to own this one-of-a-kind gem! 40 East Maple Street is a well-maintained property featuring two brand-new, top-of-the-line oil tanks installed in February 2025, one new oil burner, and two recently updated hot water tanks. Occupancy: All current leases are in place through June 30, 2025. Financials: Rental income and security deposits will be transferred to the new owner at closing.

Features

  • Rooms: 9
  • Bedrooms: 4
  • Baths: 3 full
  • Units: 2
  • Laundry: Basement Hook-Up(s),Washer/Dryer Some Units
  • Style: Units on different Floors
  • Year Built: 1930
  • Garage: 2-car Detached Garage,Assigned Parking,Driveway
  • Heating: Baseboard,Hot Air
  • Cooling: Window Unit
  • Basement: Full,Unfinished,Shared Basement,Sump Pump,Storage,Interior Access,Concrete Floor
  • Above Grade Approx. Sq. Feet: 2,084
  • Acreage: 0.22
  • Est. Taxes: $12,567
  • Lot Desc: Level Lot
  • Elem. School: South
  • Middle School: Saxe Middle
  • High School: New Canaan
  • MLS#: 24085575
  • Website: https://www.raveis.com
    /raveis/24085575/40eastmaplestreet_newcanaan_ct?source=qrflyer
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William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Laura DanforthLuxury Properties Specialist

203.801.8001

Laura.Danforth@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

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To learn more about our credentials, visit raveis.com today.

Mace L. RattetVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 69957

914.260.5535

Mace.Rattet@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Francine SilbermanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 69244

914.260.2006

Francine.Silberman@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Ray CashenPresident, William Raveis Attorney Network

203.925.4590

For homebuyers and sellers, our Attorney Network:

  • Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
    requirements, sets up escrows and title insurance, coordinates closing documents
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  • Offers access to experienced closing attorneys at competitive rates
  • Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies

40 East Maple Street, New Canaan, CT, 06840

$1,495,000

Laura Danforth

Luxury Properties Specialist

William Raveis Real Estate

Phone: 203.801.8001

Laura.Danforth@raveis.com

Mace L. Rattet

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.260.5535

Mace.Rattet@raveis.com

NMLS Mortgage Loan Originator ID 69957

Francine Silberman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 914.260.2006

Francine.Silberman@raveis.com

NMLS Mortgage Loan Originator ID 69244

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,196,000 $1,196,000 $1,196,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.663% 6.637% 6.309%
Monthly Tax Payment $1,047 $1,047 $1,047
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,885 $7,560 $10,173
Total Monthly Payment $8,057 $8,732 $11,345

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.