$699,000
Caledon
1532 Queen Street, Caledon (Alton), Ontario, L7K0C2
This lot in Caledon is for sale offering roughly 9,332 sq ft of space. It has been on the market 35 days, fresher than the Caledon average of 68 days.
Commercially zoned Institutional and prominently positioned on a main street in the heart of Alton, this unique property offers excellent visibility, strong exposure and a highly attractive Credit River setting. The property is being offered primarily for its land and redevelopment value, as the former church building sustained extensive fire damage. The surrounding hamlet core has benefited from significant streetscape improvements, including upgraded sidewalks, street lighting, landscaping and improved connections to nearby trails, creating an increasingly attractive setting for future commercial or institutional use. Located close to established local destinations such as Ray's Bistro and the Alton Mill Arts Centre, the property also benefits from continued investment throughout the area. Nearby attractions and developments include the Millcroft Inn, TPC Toronto at Osprey Valley, Golf Canada's headquarters and the Canadian Open host site, all contributing to growing regional profile and traffic. Institutional zoning permits a variety of potential uses, including a sports arena, wellness centre, place of worship, school, daycare and other permitted institutional uses, so long as they conform to all lot requirements. A rare opportunity to acquire a visible, well-located property in one of Caledon's most distinctive hamlets and a scenic river backdrop. Buyers are advised to complete their own due diligence with the Town of Caledon regarding zoning, permitted uses, development requirements and approvals. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 35 days on market, against an average age of 68 days across the listings currently for sale in this city
This vacant land in Caledon (Alton) has been listed for 35 days, which is 33 days fresher than the city average of 68. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $699,000, about 5.2× the local median household income of $134,000.
Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 2% above the area median.
Source: Statistics Canada, 2021 Census (FSA L7K)
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