$899,500 - 5 Rustic Way, Caledon
Detached for Sale in Caledon
39 days on market- MLS Number
- W13100950
- Property Type
- Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Caledon
- Listing Brokerage
- COLDWELL BANKER SELECT REAL ESTATE
Welcome Home to 5 Rustic Way! This rarely offered detached 2+1 bedroom raised bungalow in Bolton's South Hill is the perfect blend of immediate income potential and future equity growth for first time home buyers, buyers downsizing or investors. Boasting approximately 2,625 sq. ft. of finished living space, this home offers a rock-solid foundation for those looking to add value in a prime location. The Equity Builder: The main floor features a bright, open-concept layout with a seamless flow between living, dining, and a spacious upper family room with a gas fireplace. This is your blank canvas to modernize the kitchen, flooring, and washrooms to your exact taste, instantly elevating the home and capturing equity in the process. The Income & In-Law Powerhouse: Adding incredible versatility is the fully finished 1-bedroom basement apartment. With a separate entrance through garage, full kitchen, large living area, large bedroom and private bathroom, it's a turnkey solution for a high-yield rental to offset your mortgage or a comfortable, private suite for in-laws and multi-generational living. The Location: Situated on a quiet, family-friendly street in South Hill's safest pocket-just steps to parks, top-rated schools, and dining. Whether you're looking to house-hack, host family, or renovate for profit, this versatile home is a rare find with endless upside. Don't miss out!
Estimate your monthly payments for this property
Estimated Payment
$4,614.90/mo
Includes CMHC insurance ($25,096)
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.
5 Rustic Way, 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
Fair Market Value
At $818/sqft, this property is priced in line with current Caledon market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 39 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.
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 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 $3,748 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.