Own 31 Shares in the Ferndale Park Co-Operative
2 Bedroom, 1 Bathroom Bungalow
Credit River at the end of the street!
Enjoyment of 34 Acres
Access Paths to Nearby Caledon Trailway
2 River fronts on Credit River
Baseball Diamond & Park
Perfect for Single, Couple, Small Family
Taxes & Maint Fees for 2021: $1,388.44
This is not a freehold property. Located in South Caledon, in Cheltenham, is a rare opportunity to own 31 shares in the Ferndale Park Cottagers Co-operative with exclusive use of this charming 2 bedroom + den bungalow situated on a mature lot at the end of a cul de sac. As a shareholder, you have enjoyment of the 34 acres with a sugar bush trail which leads directly onto the Caledon Trailway, two beachfronts on the Credit River as well as use of the park, baseball diamond and soccer fields. This is an alternative option to freehold home ownership while being part of a close-knit community! There are a total of 44 shareholders and 44 properties in the Ferndale Park Cottagers Co-operative.
The charming 2-bedroom cottage offers open-concept living with gas fireplace, country kitchen with gas stove, fridge and portable dishwasher. The Master has a closet and garden doors to the stone patio. Bedroom #2 has a closet. A Sitting Room is located off the front entry. There is no basement. There is a 2-car tandem carport.
Mechanicals: There are electric baseboard heaters; however, the home is mainly heated by the gas fireplace in the living room. There is a well located on the west side of the home up the hill, and a small holding tank on the northeast side of the home, behind the carport which requires pumping every 4-6 weeks (approx. $150.00) depending on how many people occupy the home. Rogers cable TV and hi-speed internet is available. The hot water tank was replaced in 2015, and the metal roof was installed in 2018. This home is being sold in, ‘as is’ condition.
Included in the purchase price: fridge, stove, portable dishwasher, hot water tank, all well related equipment, clothes washer & dryer, 2 sheds, portable generator, 2 A/C wall units, master bedroom king bed.
Exclusions: all personal items, stained glass lamp near entry.
Taxes for 2021 were $563.44. Total yearly maintenance fees for 2021 was $825.00. Heat and hydro are approximately $100.00 per month.
Financing is through Duca Financial where 30-35% down is required. All offers to be conditional on an in-person meeting and approval by the board. Ask Listing agent for Park By-Laws and Occupancy Agreement prior to submitting an offer. A $250.00 fee to the Board for paperwork will apply upon a firm sale.
Enjoy fishing, swimming or tubing down the Credit River, take in the nearby hiking, walking and cycling trails at The Caledon Trailway, which is a multi-use trail stretching 35 kilometers from Terra Cotta to Palgrave. See the famous Cheltenham Badlands, or downhill ski at the Caledon Ski Club in neighboring Belfountain. Caledon has a little something to offer everyone in the family and is in a fabulous commuter location, only 50 mins to downtown Toronto.
DIRECTIONS: ***GOOGLE IS NOT CORRECT. YOU CAN NOT ENTER FROM THE NORTH. YOU MUST ENTER FROM THE SOUTH.
Must enter from the South: From the Cheltenham General Store, Head North of Creditview, Right on Kennedy Road, Left on Ferndale Park Road, Stay Right along the Credit River. Last Street is Red Clay Road.