$975,000 - 8 Mcelroy Court, Caledon
Townhouse for Sale in Caledon
137 days on market- MLS Number
- W12713458
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 137
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Caledon
- Listing Brokerage
- ROYAL LEPAGE RCR REALTY
Welcome to this stunning executive townhome (Belfountain Model-Energy Star Home), perfectly situated on a quiet cul-de-sac in the highly sought-after community of Caledon East. Offering 1,800 sq. ft. of finished living space plus a fully finished lower level, this home delivers exceptional style, comfort, and functionality. Beautiful curb appeal features a stone walkway and a generous covered front porch. Inside, enjoy high-end finishes throughout, including 9' smooth ceilings, granite countertops, upgraded lighting, pot lights, stylish barn doors, and durable laminate flooring. The bright, open-concept main level is ideal for modern living and entertaining. It features a spacious family room with custom built-in shelving and cabinetry, an electric fireplace, and a large dining area with a walk-out to the backyard. The modern kitchen boasts a grand centre island with breakfast bar, built-in bar fridge and ample storage. The main level also offers access to the garage. Upstairs, the 2nd level offers a generous primary retreat boasting a walk-in closet and a luxurious 5-piece ensuite, along with three additional spacious bedrooms and a convenient second-floor laundry room. The finished lower level provides valuable additional living space with incredible potential, featuring an open-concept recreation room with servery/wet bar (potential for second kitchen), pantry with rough-in for a second laundry (ventless dryer option), built-in cabinetry, feature wall with electric fireplace, 3-piece washroom, cantina, and more. The fully fenced backyard is private and inviting, complete with a deck and gas BBQ hookup, perfect for creating your outdoor oasis. Located in a family-friendly neighbourhood within walking distance to schools, parks, Caledon East Community Complex, and the Caledon Trailway, and just minutes to all amenities in neighbouring town of Bolton, this exceptional townhome truly has it all.
Estimate your monthly payments for this property
Estimated Payment
$5,002.26/mo
Includes CMHC insurance ($27,203)
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.
8 Mcelroy Court, 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 $650/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 137 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.
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 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 $4,063 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.