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Rural Caledon, Caledon
$12,999,999
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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| Type | Detached |
| Style | Backsplit 3 |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $3,033 |
| Lot Size | 229.56 ft x 1704.64 ft |
| mls© Number | W13527180 |
| Listed By | COLDWELL BANKER THE REAL ESTATE CENTRE |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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