$6,925,000 - 14650 Heart Lake Road, Caledon
Detached for Sale in Caledon
138 days on market- MLS Number
- W12428214
- Property Type
- Detached
- Status
- active
- Days on Site
- 138
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Caledon
- Lot Size
- 49 sqft
- Listing Brokerage
- ROYAL LEPAGE PREMIUM ONE REALTY
Bursting with charm and storied in history. This 1864 gem and 5 out buildings are with period features and old-world character. The Alexander Smith farmhouse is a good representation of the vernacular style known as "Ontario Gothic". This style is the L-Shaped floor plan, polychromatic brick patterning, buff brick quoins and voussoirs. The residence also has coursed polychromatic end chimneys, a projecting bay window, lancet & paired gable windows. A porch with decorative bargeboards wraps around the NE corner of the house. Attached to the NW corner of the house is the summer kitchen & brick carriage house with the original farm bell on the roof. Located across the farm lane, are the 5 out buildings. The buildings consist of the chicken house, implement shed, and three timber frame barns set in a U-Shape, all with medium pitched gable roofs & board and batten cladding. The farm complex is surrounded by a mix of open fields, natural growth cedar & areas of reforestation. A cedar rail fence lines the property. Make this property your hobby farm or transform it into an income property by way of hosting events like weddings or corporate gatherings. How about turning it into a wellness retreat or a bed & breakfast. Even add additional outbuildings and increase your income capabilities. The opportunities at this farm complex are endless.
Estimate your monthly payments for this property
Estimated Payment
$30,631.61/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Caledon
Caledon is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Caledon
- •Convenient location in Caledon
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Caledon offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
14650 Heart Lake Road, Caledon
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1979/sqft, this property is priced above the Caledon average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 138 days on site, this property has exceeded the typical selling timeline for Caledon. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Caledon are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Caledon.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.