$649,900 - 127 Gear Avenue, Erin
Townhouse for Sale in Erin
- MLS Number
- X13176874
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 24
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- ROYAL LEPAGE FLOWER CITY REALTY
Welcome to a home that offers a charming start in beautiful and scenic town of Erin. This brand new townhouse offers the comfort that buyers want to call a home, with spacious design to support both quiet moments and lively gatherings. The main level offers an airy, open concept layout filled with a lot of natural light. The lovely kitchen features granite counter tops, and a convenient breakfast bar. It offers the dining and living areas. Step through the patio doors to an elevated main-level deck-ideal for morning coffee, BBQ s, and outdoor dining. Step out to your private yard through walk out basement, perfect for summer evenings, pets, or a future garden retreat. Second floor offers , a specious primary bedroom , with closet and a private en-suite. Two additional versatile bedrooms and a full 4-piece bathroom provide plenty of space for family, guests, or a home office. A major highlight is the unfinished walk-out basement, flooded with natural light through full-sized Patio Door and a large window. This premium feature offers a bright, airy feel unlike standard basements, provides seamless indoor-outdoor flow to the yard, and delivers excellent future potential for an in-law suite, The unfinished Walkout basement offers a blank canvas for your custom home gym, media room, or extra living area. Enjoy a wonderful lifestyle close to the Elora Cataract Trailway, Hillsburgh Conservation Area, local artisan shops, and seasonal markets. Don't miss this perfect blend of modern comfort and small-town charm! Perfect for commuters, this home offers the peace of small-town living with seamless connectivity making trips to Brampton, Mississauga, and Guelph fast and convenient.
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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 Erin
Erin 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 Erin
- •Convenient location in Erin
- •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
Erin 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.
127 Gear Avenue, Erin
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $433/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 24 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Erin have shown strong appreciation as families seek more space.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 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.
Investment Perspective
Looking at this as an investment: Erin properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.