$3,999,900 - 5020 First Line, Erin
Detached for Sale in Erin
109 days on market- MLS Number
- X12771644
- Property Type
- Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- Royal LePage Royal City Realty
Custom-Built Luxury Bungalow on 2.4 Private Acres with Escarpment Views. Welcome to this one-of-a-kind custom-built bungalow offering 3,400 sq. ft. of refined main floor living space, perfectly nestled on 2.4 acres of serene countryside. With panoramic views of the escarpment and set well back from the road, this residence offers exceptional privacy while being just 20 minutes from the 401. Designed with luxury and functionality in mind, the home boasts soaring ceilings and oversized windows, creating an expansive, airy ambiance throughout allowing the natural landscape in and flooding the home with light. The main level features a seamless open-concept layout anchored by a great room and primary bedroom with oversized sliding doors opening to an extended outdoor living space with a two sided fire place, hot tub, and an abundance of entertaining space. The heart of the home is a chefs dream kitchen outfitted with top-tier Wolf, SubZero, and Cove appliances, complemented by a stylish servery just off the formal dining room. Retreat to the spacious primary suite, a true sanctuary offering an oversized spa-inspired ensuite complete with heated floors, a large walk-in shower, water closet, luxurious soaker tub, dual sinks with an extended vanity, and a generously sized walk-in closet. Two additional bedrooms on the main floor each enjoy their own private ensuites. Downstairs, the wow factor continues. The 10-foot ceilings and expansive windows make the finished basement feel anything but below grade. Designed for versatility, the lower level includes a full gym, sauna, and a private entry from the oversized 3-car garage making it perfect for an in-law suite. This separate living space features a bedroom, full bath, and kitchenette with a fridge, sink, and microwave. Every detail has been thoughtfully considered. Truly, this is a rare opportunity to own a stunning estate home where luxury, privacy, and convenience converge.
Estimate your monthly payments for this property
Estimated Payment
$17,692.91/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.
5020 First Line, Erin
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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
Premium Pricing
At $1333/sqft, this property is priced above the Erin average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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 5 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.