$1,110,000 - 40 Ferguson Street, Erin
Detached for Sale in Erin
109 days on market- MLS Number
- X12592106
- Property Type
- Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- RE/MAX EXCELLENCE REAL ESTATE
Welcome to your next home, an exceptional brand-new build combining modern luxury with small-town charm in the heart of Erin. This stunning 4 bedroom, 4 bathroom home offers thoughtful design, premium finishes, and plenty of space for families of all sizes. Step inside to a bright, open-concept main floor featuring 9ft soaring ceilings, oversized windows, and high-quality porcelain tile and hardwood throughout the living area. Easy access through garage into mud room ensures the house stays clean. The gourmet kitchen is complete with oak cabinetry, quartz countertops, a large island, and seamless flow into the spacious living and dining areas-perfect for entertaining or family gatherings. Each of the four bedrooms is generously sized, with abundant natural light entering at all times. All Bedrooms are connected to their own bathrooms for convenience and privacy . Premium elevation offers covered porch and full brick and stucco exterior, with No vinyl sidings in sight. Look out basement features large windows and higher ceilings providing an excellent opportunity for a future basement apartment or in law suite. A double car garage provides ample parking and storage, while the property sits in a peaceful, family-friendly neighborhood just minutes from Erin's charming shops, schools, trails, and parks.
Estimate your monthly payments for this property
Estimated Payment
$4,909.90/mo
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.
40 Ferguson Street, Erin
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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 $444/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 109 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 $4,625 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.