$999,900 - 9 Palace Street, Caledon
Detached for Sale in Caledon
35 days on marketNeighbourhood: Mono Mills
- MLS Number
- W13582522
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Caledon
- Listing Brokerage
- KELLER WILLIAMS EXPERIENCE REALTY
Nestled in the sought-after Mono Mills community, this spacious 5-level backsplit offers an incredible combination of space, flexibility, and opportunity with 2,852 sq. ft. of finished living space. Featuring 4+1 bedrooms, 2 bathrooms, and two fully equipped kitchens, this home is perfectly suited for multi-generational living, extended families, or buyers looking to offset their mortgage with potential income from the fully finished lower level with its private separate entrance. Designed with functionality in mind, the unique split-level layout provides multiple living spaces for every stage of life. The bright main level offers generous principal rooms, while the lower levels expand into a spacious recreation room, family room, second kitchen, and additional bedroom-creating the ideal setup for in-laws, adult children, or guests. Car enthusiasts, hobbyists, and fitness enthusiasts will appreciate the double car garage plus the bonus finished space, ideal as a private home gym, studio, office, or the opportunity to extend the existing garage into the workshop you've always dreamed of. Step outside to your private backyard, where a covered porch creates the perfect place to enjoy your morning coffee or unwind at the end of the day. With the option to easily screen in the porch, you can create a three-season outdoor living space and enjoy the peaceful setting in comfort while overlooking the backyard. Perfectly positioned in one of Caledon's most desirable communities, this home is a commuter's dream, offering quick access to major routes while maintaining the charm and tranquility of Mono Mills. Whether you're searching for a home that grows with your family, accommodates multiple generations under one roof, or provides exceptional flexibility and income potential, 9 Palace Street delivers a lifestyle that's hard to find.
Estimate your monthly payments for this property
Estimated Payment
$5,130.01/mo
Includes CMHC insurance ($27,897)
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 Mono Mills
Mono Mills 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 Mono Mills
- •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
Mono Mills 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.
9 Palace Street, 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 $400/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.
Market Position
At 35 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Caledon.
About Mono Mills
I know Mono Mills well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Caledon properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.