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Price Change$1,999,999

13924 Kennedy Road

Rural Caledon, Caledon

$1,859,000

Detached|Bungalow
4 | 2 | 14
About this home

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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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$6,305
Lot Size157.67 ft x 345.48 ft
mls© NumberW13044798
Listed ByRE/MAX PRESIDENT REALTY

Listing History

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  • No recent lease history for this listing.

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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.

Down payment20% · $371,800
25-yr amortization

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 check

Investment Analysis

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