$1,599,900 - 5041 Third Line, Erin
Detached for Sale in Erin
108 days on market- MLS Number
- X12838768
- Property Type
- Detached
- Status
- active
- Days on Site
- 108
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Erin
- Lot Size
- 1 sqft
- Listing Brokerage
- Town Or Country Real Estate (Halton) Ltd., Brokerage
Welcome to 5041 Third Line in the south end of Erin - A custom-built 2017 bungalow with a walk-out basement leading to a professionally landscaped backyard featuring an inground pool with rock waterfall, set on a private 1.4-acre retreat surrounded by nature. Designed for both everyday comfort and effortless entertaining, this home offers a rare blend of space, privacy, and thoughtful design. The main floor bungalow layout is bright and open, with oversized windows that flood the home with natural light and frame peaceful views of the backyard. With 3 bedrooms, a dedicated office, and 3.5 bathrooms, the floor plan balances functionality with warmth. A striking floor-to-ceiling wood-burning fireplace, ducted into the central air system, adds both character and efficient heat. The kitchen and dining area are made for gatherings, featuring sleek appliances and room for a large family table. The fully finished walk-out basement extends the living space and functions like a second home. Complete with a family room, private office, generous storage, and a separate entrance to the side yard, it's ideal for multi-generational living, a future in-law suite, or relaxed game and movie nights. Step outside to your own resort-style escape. The landscaped pool with rock waterfall is the centre piece of a backyard designed for both entertaining and quiet moments. Stone interlock lounging areas, a firepit, terraced hardscaping, and mature trees create exceptional privacy and a true connection to nature. Additional highlights include a heated 3-car garage and a peaceful setting that feels worlds away - yet remains just 10 minutes to groceries, shops, trails, and Tim Hortons. Whether you're looking for a custom bungalow with a walk-out basement, a private property with a pool, or a home that adapts beautifully to changing life stages, 5041 Third Line offers a lifestyle that's hard to replace.
Estimate your monthly payments for this property
Estimated Payment
$7,076.90/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.
5041 Third 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
Competitive Pricing
At $800/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 108 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.
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 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 $6,666 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.