$1,099,000 - 338 Ellwood Drive, Caledon
Detached for Sale in Caledon
32 days on market- MLS Number
- W13132684
- Property Type
- Detached
- Status
- active
- Days on Site
- 32
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Caledon
- Listing Brokerage
- RE/MAX NOBLECORP REAL ESTATE
Presenting a beautifully upgraded detached home offering exceptional style, comfort, and turnkey living. This bright and spacious residence features 4 bedrooms, 2.5 bathrooms, and a highly functional layout thoughtfully designed for both everyday living and entertaining. Upgraded flooring extends throughout the main and second levels, while California shutters throughout add timeless elegance. The spacious gourmet kitchen showcases Quartz countertops, ample cabinetry, an eat-in area, and seamless flow into the inviting family room with a gas fireplace. The generous primary suite offers a beautifully renovated ensuite bathroom and ample walk-in closet space. The partially finished basement features completed walls and drywall, providing a versatile and usable space ideal for a home gym, recreation area, playroom, or additional family living space. Enjoy the sunny south-facing backyard designed for both relaxation and entertaining. Over the past two years, the current owners have invested nearly $100,000 in additional upgrades, including a fully renovated primary ensuite bathroom, fully renovated second-floor bathroom, smooth ceilings with popcorn removal throughout, freshly painted main floor, new front entry door with upgraded 3-point deadbolt locking system, newly paved driveway, concrete backyard patio, interlock gazebo pad with gazebo, professional landscaping, irrigation system with landscape lighting, upgraded exterior sconces, new backyard fence, new 2025 A/C unit, security camera system, upgraded gas line with GE gas range, and LG double-door fridge. A true turnkey property inside and out.
Estimate your monthly payments for this property
Estimated Payment
$4,861.25/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.
338 Ellwood Drive, 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 $733/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 32 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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Caledon. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 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 $4,579 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.