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New4 days ago

1532 Queen Street

Alton, Caledon

$699,000

Detached|Other
0 | 0 | 3
About this home

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.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleOther
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,538
Lot Size120.38 ft x 49.55 ft
mls© NumberW13844898
Listed ByThe Richie Group Inc.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,578
Property tax
$545
Heat allowance
$150
Housing costs
$4,273 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $139,800
25-yr amortization

Income needed

$131,000

gross annual household income

Payment at 4%
$2,942 / mo
Cash down
$139,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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