$879,000 - 278 Caledonia Road, Keelesdale
Detached for Sale in Keelesdale
New — Listed 2 days ago- MLS Number
- W13166576
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Keelesdale / Eglinton West
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
278 Caledonia Rd offers an opportunity to own a fully detached bungalow in the wonderful Caledonia-Fairbank neighbourhood. This bright and spacious 2+1 bedroom home features updated finishes, an open-concept living and eat-in kitchen area, plus convenient main floor laundry. Filled with natural light throughout, this turnkey property blends comfort, function, and future potential. The finished basement adds incredible versatility with a separate entrance, additional bedroom, second kitchen, living area, open office space, bathroom, and its own laundry facilities, ideal for an in-law suite or potential rental income. Offering tremendous ROI potential and long-term upside, the property may also offer future laneway house possibilities *see report* Step outside to a fully fenced backyard featuring a large patio area and dedicated garden space perfect for planting fruits and vegetables and creating your own organic home garden. Beautiful perennial flowers, adding charm and colour throughout the seasons. The property also features a detached garage with laneway access. Situated on Caledonia road, the home benefits from priority city snow clearing in the winter and is within a one-minute walk to TTC bus stops on Caledonia Rd and Rogers Rd. Nestled in a tight-knit, family-friendly community just minutes to the Eglinton Crosstown LRT, Allen Expressway, highways, parks, schools, shops, cafés, and restaurants, this charming home delivers exceptional convenience, flexibility, and future opportunity.
Estimate your monthly payments for this property
Estimated Payment
$4,509.73/mo
Includes CMHC insurance ($24,524)
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 Keelesdale / Eglinton West
Keelesdale / Eglinton West 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 Keelesdale / Eglinton West
- •Convenient location in Keelesdale / Eglinton West
- •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
Keelesdale / Eglinton West 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.
278 Caledonia Road, Keelesdale / Eglinton West
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Rental income estimator & ROI calculator
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 $1256/sqft, this property is priced above the Keelesdale 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.
Just Listed - Act Strategically
This property hit the market within the last week. In Keelesdale's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Keelesdale 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
Investment Perspective
Looking at this as an investment: Keelesdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.