$2,289,000 - 5167 Fifth Line, Erin
Detached for Sale in Erin
37 days on market- MLS Number
- X13124308
- Property Type
- Detached
- Status
- active
- Days on Site
- 37
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- ROYAL LEPAGE MEADOWTOWNE REALTY
An exceptional opportunity awaits a new family to create memories on a beautiful 99.5-acre parcel of land located in the south-central rural portion of Erin township minutes from Ballinafad, Acton and Guelph. Whether you're envisioning a private retreat or an entrepreneurial venture, this location offers endless possibilities. No VTB. The property is being sold by Estate Trustees. Estate provides no warrant and as such it is being sold AS IS WHERE IS. The property features 55 workable/farmed acres currently planted. The neighbouring farmer will harvest the crop this fall, leaving you with a clean slate next spring, or continue to rent the land to the farmer. The home was built in 1991 and is a custom modular pre-fab bungalow built by Quality Homes and features 3 good size bedrooms, 1,826 square feet on the main floor that is in need of TLC. With an attached single-car garage, two full bathrooms, one powder room, and an unfinished basement. There is room to create something special here. The essentials are in place-forced air gas furnace (2011), well, septic pumped and inspected in 2024, 200-amp breaker panel plus a pony panel to service the steel Quonset outbuilding is 55'x38' and sits on a concrete pad. This building adds to the functionality of the property, perfect for storage or a workshop. With some land clearing and tile drainage, theres potential to expand the workable land by another 15 acres.Spend time by the pond and enjoy the sounds of nature. The spring peepers may even become your new favourite band. If you are seeking a private peaceful lifestyle with room to grow, this could be your perfect match.
Estimate your monthly payments for this property
Estimated Payment
$10,125.02/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.
5167 Fifth 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 $1526/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.
Market Position
At 37 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 $9,538 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.