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Listed 8 days ago

1532 Queen Street

Alton, Caledon

$699,000

Detached|Other
0 | 0 | 3
About this home

Commercially zoned Institutional, this property sits on a main street in Alton, offering excellent visibility and exposure. Backing onto the scenic Credit River, the setting is both peaceful and picturesque. The property is being sold primarily as land value, as the former church was extensively damaged by fire. The hamlet core has recently undergone significant revitalization with improved sidewalks, street lighting, landscaping, and access to nearby trails. Close to popular destinations including Ray's Bistro and the Alton Mill Arts Centre, known for its galleries, festivals, and classes. Strong area growth continues with nearby investment, including the expansion of Millcroft Inn and TPC Toronto at Osprey Valley-now home to Golf Canada's headquarters and host site of the Canadian Open. Permitted Institutional uses include a sports arena, wellness centre, place of worship, school, daycare, and more. Buyers to complete their own due diligence with the Town of Caledon regarding permitted uses.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleOther
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,538
Lot Size120.38 ft x 49.55 ft
mls© NumberW13613198
Listed ByThe Richie Group Inc.

Listing History

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

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Could you afford this home?

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

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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