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Listed 29 days ago

5232 Mayfield Road

Rural Caledon, Caledon

$12,999,999

Detached|Backsplit 3
4 | 2 | 10
About this home

Calling All Developers! An exceptional opportunity to acquire approximately 9.92 acres of prime land with 229.56 feet of frontage, identified within the Town of Caledon's Secondary Plan. Located in an area experiencing significant growth and development, this property presents outstanding long-term investment and redevelopment potential. Offered for sale for the first time in over 50 years, the property includes a lovingly maintained backsplit that is move-in ready and offers excellent potential for immediate use while future plans are pursued. Access to the interior of the home will be provided following receipt of an offer. The property is serviced by municipal water and natural gas. Ideally situated with convenience access to Highway 410 and 407, schools, shopping, public transit, and a short drive to the airport and GTA. This is a rare opportunity for developers, investors and land bankers alike. The property currently benefits from the Ontario Farm Property Class Tax Rate Program, resulting in property taxes being assessed at the reduced farm tax rate, subject to continued availability. Please do not walk the property without an appointment. No sign on the property!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBacksplit 3
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$3,033
Lot Size229.56 ft x 1704.64 ft
mls© NumberW13527180
Listed ByCOLDWELL BANKER THE REAL ESTATE CENTRE

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%
$66,540
Property tax
$253
Heat allowance
$150
Housing costs
$66,943 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $2,600,000
25-yr amortization

Income needed

$2,060,000

gross annual household income

Payment at 4%
$54,706 / mo
Cash down
$2,600,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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