226 Main Street, Erin

Price: $1,495,000

4 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: X12915652

What an awesome package! A gorgeous renovated and modernized brick century home with attached professional office, on a huge 2/3 of and acre lot, in downtown Erin, walking distance to restaurants, schools, the Fairgrounds, and all amenities in the beautiful village! The home has been lovingly restored and renovated since 2009, keeping the charm and elegance of this century home. The main floor flows graciously with an open living and dining room with hardwood flooring, and gas fireplace, and pot lights and in ceiling speaker system allows for effortless entertaining. The kitchen, white and clean with plenty of cabinets, a wet bar area, and door out to the sun porch offers an eat-in area and breakfast bar seating, and a second staircase to the upper level! The family room addition with exposed brick wall and walk out to the covered flagstone patio is bright and cheery with heated floors and a gas fireplace. The main floor also offers a two piece bathroom under the upper staircase and a practical mudroom with storage cupboards. Upstairs you will find four bedrooms, all spacious. The Principle bedroom suite boasts hardwood flooring, built-in closets, and a four piece ensuite bathroom. All bathrooms is this home have heated floors. The professional office built with quality finishings with high end appeal, offers main floor office space with three work stations, a bathroom, and a coffee area. Upstairs in the loft you'll find more office space suitable for privacy. Recently built drive shed in the backyard gives you tons of storage space to put lawncare equipment, or would make a great workshop. There is an insulated room on the lower level with stairs up to a loft for more storage, or a gym or studio space. The huge flat backyard, in the past, accommodated an ice rink that all the neighbourhood kids used and loved! There are lovely shade trees and perennial gardens completing this wonderful package.

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$1,495,000 - 226 Main Street, Erin

Detached for Sale in Erin

87 days on market
4Beds
4Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
X12915652
Property Type
Detached
Status
active
Days on Site
87
Bedrooms
4
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Erin
Lot Size
22,314 sqft
Listing Brokerage
Royal Lepage Real Estate Associates
Description

What an awesome package! A gorgeous renovated and modernized brick century home with attached professional office, on a huge 2/3 of and acre lot, in downtown Erin, walking distance to restaurants, schools, the Fairgrounds, and all amenities in the beautiful village! The home has been lovingly restored and renovated since 2009, keeping the charm and elegance of this century home. The main floor flows graciously with an open living and dining room with hardwood flooring, and gas fireplace, and pot lights and in ceiling speaker system allows for effortless entertaining. The kitchen, white and clean with plenty of cabinets, a wet bar area, and door out to the sun porch offers an eat-in area and breakfast bar seating, and a second staircase to the upper level! The family room addition with exposed brick wall and walk out to the covered flagstone patio is bright and cheery with heated floors and a gas fireplace. The main floor also offers a two piece bathroom under the upper staircase and a practical mudroom with storage cupboards. Upstairs you will find four bedrooms, all spacious. The Principle bedroom suite boasts hardwood flooring, built-in closets, and a four piece ensuite bathroom. All bathrooms is this home have heated floors. The professional office built with quality finishings with high end appeal, offers main floor office space with three work stations, a bathroom, and a coffee area. Upstairs in the loft you'll find more office space suitable for privacy. Recently built drive shed in the backyard gives you tons of storage space to put lawncare equipment, or would make a great workshop. There is an insulated room on the lower level with stairs up to a loft for more storage, or a gym or studio space. The huge flat backyard, in the past, accommodated an ice rink that all the neighbourhood kids used and loved! There are lovely shade trees and perennial gardens completing this wonderful package.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,612.89/mo

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5%20%50%

5-yr fixed avg.

Principal: $1,196,000Interest: $787,867
Mortgage Amount$1,196,000
Total Interest$787,867
Est. Property Tax$1,059/mo
Total Cost$1,983,867

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.

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Neighbourhood Guide: Erin

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

226 Main Street, Erin

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,550/mo
Range: $3,018 - $4,082
Cap Rate (ROI)
1.7%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,550
Maintenance Fees-$0
Property Tax (est.)-$1,059
Insurance (est.)-$311
Net Cash Flow+$2,180

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $598/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.

Negotiation Opportunity

At 87 days on site, this property has exceeded the typical selling timeline for Erin. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Detached Home Advantages

Detached homes in Erin 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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Erin. Good resale value as demand remains consistent.

Bathroom Count Matters

With 4 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 $6,229 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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