$1,299,000 - 97 Riverwood Terrace, Caledon
Detached for Sale in Caledon
- MLS Number
- W13207658
- Property Type
- Detached
- Status
- active
- Days on Site
- 19
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Caledon
- Listing Brokerage
- ROYAL LEPAGE RCR REALTY
A rare opportunity to own a beautiful sprawling ranch bungalow with 1712 sq ft in one of Bolton's most sought-after neighbourhoods! Situated on a quiet crescent in desirable South Hill, this elegant 3+2 bedroom, 3 bathroom home is close to schools, parks, and all amenities. Properties on Riverwood rarely come to market, making this an exceptional find.The main level features tile flooring throughout, a formal living and dining room with crown moulding, and a spacious family-style eat-in kitchen with walk-out to the deck, perfect for entertaining or relaxing. The primary bedroom boasts a 5-piece ensuite, accompanied by two additional bedrooms, all on the same level for convenience. The finished lower level offers incredible living space with a separate entrance, making it perfect for an in-law suite or rental potential. It includes a large recreation room with fireplace, a full second kitchen, an additional bedroom with fireplace, and a 4-piece bathroom. The den provides extra flexibility, ideal for a home office or walk-in closet.This home combines elegance, comfort, and income potential in a prime Bolton location- don't miss this rare opportunity!
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/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.
97 Riverwood Terrace, 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 $866/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 19 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Caledon.
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 $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.