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Alton, Caledon
$699,000
Commercially zoned Institutional, this property sits on a main street in Alton, offering excellent visibility and exposure. Backing onto the scenic Credit River, the setting is both peaceful and picturesque. The property is being sold primarily as land value, as the former church was extensively damaged by fire. The hamlet core has recently undergone significant revitalization with improved sidewalks, street lighting, landscaping, and access to nearby trails. Close to popular destinations including Ray's Bistro and the Alton Mill Arts Centre, known for its galleries, festivals, and classes. Strong area growth continues with nearby investment, including the expansion of Millcroft Inn and TPC Toronto at Osprey Valley-now home to Golf Canada's headquarters and host site of the Canadian Open. Permitted Institutional uses include a sports arena, wellness centre, place of worship, school, daycare, and more. Buyers to complete their own due diligence with the Town of Caledon regarding permitted uses.
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| Type | Detached |
| Style | Other |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $6,538 |
| Lot Size | 120.38 ft x 49.55 ft |
| mls© Number | W13613198 |
| Listed By | The Richie Group Inc. |
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%
- $3,578
- Property tax
- $545
- Heat allowance
- $150
- Housing costs
- $4,273 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$131,000
gross annual household income
- Payment at 4%
- $2,942 / mo
- Cash down
- $139,800
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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