Homula Realty Brokerage
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16114 Airport Road, Caledon, ON L7C 1H1

Vacant Land
$9,800,000
Property tax
$40,000 / year

This exceptional 10-acre development parcel presents a rare opportunity in the heart of Caledon East. Primely located on Airport Road, the property has Draft Plan Approval for 32 townhomes and a 10,000 sq. ft. commercial plaza, while incorporating an impressive approximately 5,000 sq. ft. heritage residence. Situated in a prime downtown location within one of Caledon's rapidly growing communities, the property offers an excellent combination of residential and commercial development potential. Caledon East is known for its charming village atmosphere and country character while providing convenient access to major urban centres. The site is ready to move forward, offering developers and investors an outstanding opportunity in a highly desirable location, less than a 10-minute drive north of Brampton. Please see the attached Site Plan Development concept / Draft Approval Conditions / Notice of Adoption Document for additional details.

MLS number
W13700336
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L7C 1H1
Photos
13
22days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Caledon Elementary AcademyElementary519 mNot reported
Robert F Hall Catholic Secondary School
Dufferin-Peel CDSB
Secondary744 m7.2 / 10
72% met the standard · 2 of 6 measures
Caledon East Public School
Peel DSB
Elementary1.2 km7.8 / 10
78% met the standard
St Cornelius School
Dufferin-Peel CDSB
Elementary2.2 km7.7 / 10
77% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 543 people.

$129,000Median household income
92.7%Own their home
76.9%Detached houses
50.8Median age
29.1%Born outside Canada
16.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35211611 — the few blocks around this address, home to 543 people. It describes the area, not this property.

543Population
46.9Average age
2.7Household size
$157,000Average household income
$129,000Median household income
93%Own their home
7%Rent
24%Condominiums
29%Born outside Canada
17%University degree
$1,210,000Average home value
4%Low income
63%Not in the labour force
21%Never married
$40,000 to $44,9993%
$50,000 to $59,9995%
$60,000 to $69,9993%
$70,000 to $79,9992%
$80,000 to $89,9993%
$90,000 to $99,9995%
$100,000 and over40%
$100,000 to $124,9998%
$125,000 to $149,9996%
$150,000 to $199,9998%
$200,000 and over16%

Percentages are of the 310 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$1,960,000 · minimum here is $1,960,000
$43,392.28per month
Borrowed before insurance$7,840,000
Total borrowed$7,840,000
Interest over 25 years at 4.5%$5,177,684

If you rented it out

-$46,725.61per month out of pocket
Rent$0.00
Everything it costs to hold$46,725.61
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX SPECIALISTS TAVSELLS INC.. Listing data provided by the Toronto Regional Real Estate Board.