The earliest farmers who settled along the Richmond Road were able to supplement their income by catering to travelers of the road. Most farmers were early American lumberman or wealthier British immigrants, and this thoroughfare created a ready market for their produce. Many opened stores and taverns to profit from this opportunity. Farms along Richmond Road thus became very prosperous, and included some of the most valuable in Nepean. The interior of the township was still not populated by mid-century and generated no capital. The local market discouraged specialization due to the small population and difficulty of transportation. There was no outlet for special crops, so farmers produced mostly wheat, barreled pork, and hay. It was not until the 1860's that the need for mixed farming and for specialization became necessary. Farming, however, was still often supplemented by inn-keeping and seasonal participation in the timber trade (Elliott 43-47).

Since Richmond Road was the major link between the military settlement in the interior and Richmond Landing, taverns were a popular way to draw extra money. In 1832, there were 9 taverns along the strip of road. Early stores catered to both local people and travelers. The area was eventually built up into Bell's Corners. By 1852, there were 3 taverns, 3 shoe shops, 2 blacksmiths, 2 carpentry shops, a new store, and a tailor. Unfortunately, Bell's Corners was completely destroyed by a massive fire in 1870. With the exception of a church, the Town Hall, and Silver Springs Farm, all of the buildings were ruined, and businesses, homes and churches had to be rebuilt (Elliott 51-53).

Still standing today, the Edward Monaghan house is just one of the former City of Nepean's Designated Heritage Properties. A booklet entitled "Protecting Our Past" written by Darrell Cox and published by the former City of Nepean provides a detailed description of these properties.