$1,049,000 - 40 Morra Avenue, Caledon
Townhouse for Sale in Caledon
93 days on market- MLS Number
- W12878636
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 93
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Caledon
- Lot Size
- 5,102 sqft
- Listing Brokerage
- RE/MAX NOBLECORP REAL ESTATE
Stop your search right now at 40 Morra Avenue! Take a look at this beautiful townhome that lives and feels more like a semi-detached. Perfectly situated in one of Bolton's most desirable and family-friendly neighbourhoods. Planted on a rare premium-sized lot, this home offers the kind of space and privacy that's hard to find in townhome living, creating a bright, open atmosphere inside and out. With approximately 1,800 sq ft of living space above grade, 9-foot ceilings, and an open-concept layout, the home feels spacious, comfortable, and inviting from the moment you walk through the door. The main living area effortlessly captures lighting and flow, making everyday living and entertaining both easy and enjoyable. The upper level holds comfortably 3 spacious bedrooms, 1 primary ensuite bathroom, a shared 2nd bathroom and laundry in the open area hallway. Downstairs, the finished basement provides you with that extra living space, comforting the home with an ideal spot for a family room, a home office, a play area, or even a guest suite. It's the flexibility today's homeowners are looking for, especially for first-time buyers and growing families who want room to live, work, and relax. When you set foot outside, you will discover your very own backyard oasis. It truly is an entertainer's dream. If you're hosting summer BBQs, relaxing with friends, or enjoying family events, this private outdoor courtyard offers the perfect extension of your total living space. Located in a quiet, safe, and welcoming community, this home is perfectly positioned for convenience. You're just minutes from major highways, big-box stores, shopping, restaurants, parks, schools, and everyday amenities, making commuting and daily errands simple and stress-free. For young families and first-time buyers looking to put down roots in a vibrant and growing Bolton community, 40 Morra Avenue offers the perfect combination of space, lifestyle, and location. What are we waiting for? Book your showing!
Estimate your monthly payments for this property
Estimated Payment
$4,640.08/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.
40 Morra Avenue, 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 $699/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.
Negotiation Opportunity
At 93 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.
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 $4,371 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.