The road linking the monastery to Halevga was constructed in 1926-1927, by commission of Agha Garabed Melkonian, while the square, to the east of the monastery, was constructed in 1933 by commission of Catholicos Sahag II. For centuries, the monastery had been an important spiritual centre. Until the early 20th century, a large number of exquisite and priceless manuscripts written at the monastery’s scriptorium between 1202-1740, as well as numerous valuable ecclesiastical vessels, were kept here, before they were moved to Nicosia for safe-keeping; since 1947, 56 illuminated manuscripts are at the Catholicosate of Cilicia in Antelias. It appears that the last monks lived permanently until about 1800. There are two monuments in the vicinity: a commemorative stone column at the square of the monastery, unveiled on 8 September 1933 by Catholicos Sahag II, and a mortar obelisk dedicated to Abbot Mekhitar, on top of the namesake hill to the north-west of the monastery, unveiled on 2 August 1931 by Catholicos Sahag II and Archbishop Bedros Saradjian. Between 1897-1904, Vahan Kurkjian’s (Pagouran) National Educational Orphanage had its summer sessions here, as did - for the whole year - a small Armenian school for the children of the region until 1914. The area was used as a summer resort and camping site for Armenian scouts and students. In 1948 the Archangels’ fountain was erected, by commission of Kapriel and Arshalouis Kasbarian, which was officially blessed by Bishop Ghevont Chebeyan on 2 May 1948. In 1949 Sarkis and Sourpig Marashlian funded the water distribution network, the turbine and the electric generator. The monastery’s chapel was a favourite place for Christenings. A new baptistery was constructed in 1968 by Karnig Kouyoumdjian. Until 1974, a large number of Armenian-Cypriot families rented rooms in the monastery during the weekends and holidays. On May’s first weekend, Saint Macarius’ feast, many Armenian-Cypriots would visit Magaravank and some of them would rent rooms and help in the preparation of the harissa (chicken porridge). On Sunday, a Liturgy was held at the chapel of the monastery and harissa was served afterwards. Unfortunately, the monastery was captured by the Turkish troops in August 1974, who later used it to house illegal settlers from Anatolia and, in the 1980s, to house military officers.