$3,290,000 - 31 Ferrara Drive, Caledon
Detached for Sale in Caledon
New — Listed 2 days agoNeighbourhood: Palgrave
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- MLS Number
- W13864284
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Caledon
- Taxes (2025)
- $18,717
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Welcome to 31 Ferrara Drive, a stunning custom-built residence in the prestigious Palgrave community of Caledon, where quality craftsmanship, elegant design, and exceptional living spaces come together.The spacious interior features soaring ceilings, large principal rooms, and an abundance of natural light throughout. The gourmet kitchen is equipped with premium appliances, custom cabinetry, and a large centre island, seamlessly connecting to the main living and dining areas. Multiple living spaces provide flexibility for both everyday living and entertaining. The upper level offers generously sized bedrooms, including a spacious primary suite with a walk-in closet and luxurious ensuite bath. Additional highlights include a dedicated home office, entertainment area, three-car garage, upgraded electrical, and insulation beneath the basement floor for enhanced comfort and efficiency. Enjoy the surrounding natural beauty from the wrap-around balcony overlooking the property. Conveniently located near the Palgrave Forest and Caledon Trailway, with easy access to Bolton, major commuter routes, and local amenities. A rare opportunity to own an exceptional home in one of Caledon's most sought-after communities.
Estimate your monthly payments for this property
Estimated Payment
$14,552.78/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 Palgrave
Palgrave 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 Palgrave
- •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
Palgrave 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.
31 Ferrara Drive, 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
Competitive Pricing
At $658/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Caledon's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Caledon. Good resale value as demand remains consistent.
Bathroom Count Matters
With 5 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.