$1,375,555 - 5058 3 Line, Erin
Detached for Sale in Erin
- MLS Number
- X13166688
- Property Type
- Detached
- Status
- active
- Days on Site
- 22
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- ROYAL LEPAGE CERTIFIED REALTY
This backyard feels like a private resort.A stunning custom-designed pond with its own sandy beach, rock waterfall, and beautifully landscaped surroundings creates a setting you rarely find on a private 1-acre property. Nestled on the edge of Erin, this exceptional estate offers the perfect blend of privacy, elegance, and country living. Inside, the home features vaulted ceilings, a beautifully updated kitchen with granite countertops and centre island, and an open-concept living and dining area designed for entertaining with walkout access to an elevated deck overlooking the grounds and pond. The main floor offers three spacious bedrooms, a renovated family bathroom, and convenient laundry hookup. The fully finished lower level adds even more living space with a warm and inviting recreation area featuring an electric fireplace, bar and sink area, renovated 4-piece bathroom with glass shower, fourth bedroom, and walkout access to the mudroom and garage. The outdoor entertaining spaces truly set this property apart, including a custom-built cabana complete with wood stove, 3-piece bathroom, and both indoor and outdoor bar areas overlooking the pond. A covered front cement patio adds even more space to relax and unwind while the expansive driveway comfortably accommodates up to 6 vehicles. A rare opportunity to own your own private country oasis just minutes from town.
Estimate your monthly payments for this property
Estimated Payment
$6,084.54/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.
5058 3 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 $917/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.
Market Position
At 22 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $5,731 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.