$2,250,000 - 4962 Third Line, Erin
Detached for Sale in Erin
64 days on market- MLS Number
- X13009414
- Property Type
- Detached
- Status
- active
- Days on Site
- 64
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Welcome to this exceptional 45-acre countryside estate in Erin, offering a rare blend of peaceful rural living, versatile workspace, income potential, and endless opportunity. With rolling hills, expansive views, and incredible flexibility, this property is ideal for entrepreneurs, creatives, hobbyists, tradespeople, or anyone looking to live and work from one inspiring location.The charming brick farmhouse features 3 bedrooms and 3 bathrooms, blending timeless character with modern comfort. A classic wrap-around porch welcomes you home, while the country kitchen offers heated floors, a wood stove, and central island that makes it perfect for everyday living and entertaining. A standout feature is the post-construction built four-season workshop and studio space, thoughtfully designed for a wide range of uses. Complete with 200-amp service, welding outlets, heated floors, oversized garage doors, and abundant natural light, this adaptable space is ideal for a home-based business, creative studio, office, workshop, or passion project.The traditional 7,000 sq ft bank barn offers exceptional storage and flexibility for equipment, vehicles, tools, inventory, hobby farming, equestrian use, or future projects. Additional highlights include 52 solar panels generating monthly income, workable farmer's fields currently tenanted for added income and farm tax benefits, and zoning that allows for up to three residential dwellings plus additional non-residential buildings. Ideally located just minutes to Acton and the GO Station, with easy access to Guelph, Milton, and Oakville, this is a truly unique opportunity to create the lifestyle, business, or retreat you've been dreaming of.
Estimate your monthly payments for this property
Estimated Payment
$9,952.51/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.
4962 Third Line, 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
Fair Market Value
At $900/sqft, this property is priced in line with current Erin market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 64 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 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 $9,375 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.