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Rural Caledon, Caledon
$1,859,000
An Exceptional Opportunity - Severance Approved After 7 Years of Hard Work. Severance has finally been approved, unlocking a rare and valuable opportunity. Ideal for two brothers, friends, or investors looking to build custom dream homes side by side in a highly desirable area. Surrounded by luxury custom-built homes, this property offers the perfect setting for upscale development while still enjoying the charm of its current residence. Situated on approximately 1.2 acres, the property features a well-maintained bungalow with: Open-concept main floor, Gourmet kitchen with ample cabinetry, four spacious bedrooms, Finished basement with a large bedroom and full washroom. Additional highlights include a double car garage and a separate rear workshop, providing extra functionality and storage. Conveniently located just minutes from Highway 410 and Brampton, offering easy access to major routes, amenities, and city conveniences. MUNICIPAL WATER AND GAS ON THE PROPERTY LINE.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,305 |
| Lot Size | 157.67 ft x 345.48 ft |
| mls© Number | W13044798 |
| Listed By | RE/MAX PRESIDENT REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $9,515
- Property tax
- $525
- Heat allowance
- $150
- Housing costs
- $10,191 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$314,000
gross annual household income
- Payment at 4%
- $7,823 / mo
- Cash down
- $371,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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