$1,139,900
40 SPECKLED ALDER STREET
Beds
5
Baths
4.1
Sqft
—
Year
—
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
LEGAL BASEMENT APARTMENT in Caledon! - Stunning 4 year old detached home offering modern finishes, functional design. This 4+1 bedroom, 3+1 bathroom home features an open-concept layout with 9 ft smooth ceilings and upgraded hardwood flooring throughout the main level. The stylish kitchen is designed for both everyday living and entertaining, complete with stainless steel appliances, granite countertops, and a centre island that overlooks the spacious living and dining areas. An upgraded hardwood staircase leads to the upper level, where you'll find generously sized bedrooms and convenient second floor laundry. The primary bedroom retreat includes a walk-in closet and a private 3-piece ensuite bath with glass enclosure, providing a comfortable and relaxing space to unwind. The fully finished legal basement apartment is a standout feature, offering excellent potential for rental income or multi-generational living. With a separate entrance from the backyard, protected by an awning, this self-contained unit includes its own ensuite laundry, stainless steel appliances, ceramic flooring, and a well-designed layout for natural light, added privacy and convenience. Outside, enjoy a fully fenced yard (pressure treated cedar) perfect for families and entertaining-along with added stone interlock parking pad that enhances curb appeal and functionality for visitors or the basement tenant. Ideally located close to schools, parks, shopping, and the Mount Pleasant GO Station, this home offers the perfect blend of comfort, style, and accessibility. A fantastic opportunity for homeowners and investors alike - don't miss it! (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Rural Caledon
- Common interest
- Freehold
- Lot dimensions
- 30.1 x 88.7 FT
- Bedrooms
- 4 above grade, 1 below grade
- Parking
- 3 total
- Stories
- 2
- On market
- Apr 10, 2026
- Status changed
- Apr 13, 2026
- Annual tax
- $5,210
- Photos
- 47
- MLS#
- W12984388
- Area
- CALEDON
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Utilities
Cash on cash
-11.62%
Cap rate
3.57%
GRM
16.7
Break-even rent
$8,023
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Caledon. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.