$919,000 - 2 Mcdevitt Lane, Caledon
Townhouse for Sale in Caledon
- MLS Number
- W13144360
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 25
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Caledon
- Lot Size
- 2,354 sqft
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
2,610 sq ft home with coveted live/work zoning, offering a lifestyle and a level of flexibility that almost never comes available. The fully self-contained lower level is the heart of what makes this property so special, featuring its own private entrance, full kitchen, and full bathroom - equally suited to a professional office, income-generating rental, or in-law suite. Run your business from home, welcome extended family with real privacy, or generate meaningful rental income - the choice is yours, and the possibilities are genuinely uncommon.Set on a sun-soaked corner lot, the home offers more space, more light, and more possibility than almost anything else on the market, living larger than many detached properties in the area. Upstairs, three generous bedrooms provide a peaceful retreat for the whole family, including a serene primary suite complete with its own ensuite and deep soaker tub - your own quiet escape at the end of the day.Step outside to enjoy three inviting patios, including one generous enough for a full couch set and BBQ -the kind of outdoor space where summer evenings stretch long and slow. A double car garage and double driveway provide parking for four vehicles, a true rarity in today's market, while the corner lot offers two separate access points for added privacy and ease. Ideally located close to the community centre, excellent schools, and all the everyday conveniences, this is a truly special property blending lifestyle, flexibility, and long-term value - all in one exceptional home!
Estimate your monthly payments for this property
Estimated Payment
$4,714.95/mo
Includes CMHC insurance ($25,640)
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.
2 Mcdevitt Lane, 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
Competitive Pricing
At $368/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 25 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Caledon have shown strong appreciation as families seek more space.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
Investment Perspective
Looking at this as an investment: Caledon properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,829 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.