7048 King Street, Caledon, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Rural Caledon. Expertly crafted featuring premium brick front construction, this residence presents an exceptional opportunity offered at $3,299,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 12 Bedrooms and 6 Bathrooms with 5 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 840.45 x 545.57 ft lot
- Features a apartment, walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 23.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other, In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
10+ acre corner property featuring TWO homes, TWO separate driveways, and frontage on TWO roads (King Street/Centreville Creek Road). The property offers five self-contained units in total, four within the main residence and one in the detached second home. The main residence is a substantial raised bungalow offering over 8,000 sq ft of total living space with a walk-out basement. It features seven+three bedrooms, four kitchens, generous principal rooms, and multiple walkouts/entrances. A second detached two-storey home offers over 1,900 sq ft above grade with five bedrooms, allowing for separation and privacy between the residences. Homes ideal for large families, multi-generational living, or rental income potential. Properties with two standalone dwellings on a single parcel are rarely available. With over 800 feet of frontage, expansive acreage, and lots of parking space, this property presents a opportunity for investors, multi-family buyers, or those seeking space, income, and long-term value in one of Caledon's developing locations. Conveniently located approximately 3 km north of the future Highway 413 corridor.
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Pricing & Value Insights
Data-driven valuation for 7048 King Street, Caledon, ON L7C 0S3
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About Purchasing a Home in Caledon, ON
For a property listed at $3,299,000 in Caledon, the legal minimum down payment is $659,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $68,950 for this transaction. As this listing is in Caledon (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $68,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.