$1,499,000 - 5114 Allan Path, Erin
Detached for Sale in Erin
36 days on market- MLS Number
- X13127848
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
Offered for the first time in over 50 years, this remarkable 10.5-acre property in sought after Erin Township presents a rare opportunity to enjoy peaceful country living surrounded by nature, while remaining just minutes from town. Featuring expansive open space, mature trees, private forested trails, a barn, and two picturesque ponds, this property offers a truly serene setting. The ponds are both creek and spring fed, adding to the property's natural beauty and charm. The charming, well maintained bungalow offers over 1,500 sq ft above grade and features three spacious bedrooms and three bathrooms. A large family sized kitchen with an inviting dining area overlooks the scenic property, while the bright living room is anchored by a stunning wood burning stone fireplace, creating a warm and welcoming atmosphere for both everyday living and entertaining. The primary bedroom features a private 3 piece ensuite and peaceful garden views, while the additional well appointed bedrooms offer ample closet space and large windows that fill the rooms with natural light. The walkout basement serves as a blank canvas for future customization. It currently features a spacious rec room with direct access to the backyard, a second fireplace and ample storage throughout. Electrical updates include a 200-amp service panel, as well as updated wiring in the basement and lower garage completed in 2018. Whether hosting family gatherings or enjoying quiet evenings surrounded by nature, this property offers a lifestyle unlike any other. Ideal for hobbyists, outdoor enthusiasts, or those seeking additional space, the property also includes an impressive 1,600 sq ft barn, scenic wooded trails, and two beautiful ponds for year round enjoyment. The unique two storey garage accommodates three cars and offers abundant storage along with flexible space for a workshop, hobby area, etc. Located just mins from downtown Erin and everyday amenities 5114 Allan Path is a truly special offering!
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/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.
5114 Allan Path, 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
Fair Market Value
At $999/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 36 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.
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 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 $6,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.