$2,888,000 - 5192 Third Line, Erin
Detached for Sale in Erin
109 days on market- MLS Number
- X12690596
- Property Type
- Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
An exceptional opportunity to acquire a turn key equestrian facility. Offering unparalleled value and proximity to the Greater Toronto commuter Area-approximately 1 hour away. This property combines affordability, expansive acreage, and premium amenities, making it a unique investment for discerning buyers. Land Area: 87.6 acres, approx 40 acres hay/workable, roughly 20 acres of woods for recreational activities .Eleven well-appointed paddocks with excellent newer fencing and hardware, most have automated year-round Richie waters. A spacious 60 x 140 ft. indoor arena with viewing room complemented by a large 100 x 200 ft outdoor sand ring and a grass ring that suits any equestrian activity. Multiple barns in A++ condition, providing 31 stalls, 6 tack rooms, a wash stall & feed room, century bank barn with hay loft. Hack next door to the Meadowlark Showground, 45 mins drive to GTA , 6 mins drive to Angelestone and 45 mins to Palgrave . This set up is easily tailored to hosting shows, camps, and boarding. Easy large rig access and ample turnaround space.The 100 year stone farm house has many original architectural details incl gorgeous two-sided fireplace in the inviting eat-in farmhouse kitchen, original baseboards with extra high and wide trim, five-bedrooms, the cozy third-storey attic is suitable for use as an office or the 5th bedroom. The land and buildings are well maintained and fully prepared for immediate and turnkey use A stream at the rear of the property and a charming pond at the front rounds out this special property. INVESTMENT POTENTIAL :The property's prime location in the heart of Erin with its extensive amenities make it an attractive investment opportunity. Options include full or partial rental for home, storage, or any equestrian purposes, farming or simply holding as a valuable future land bank. Properties of this calibre and pricing in this area are exceedingly rare.
Estimate your monthly payments for this property
Estimated Payment
$12,774.60/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.
5192 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
Premium Pricing
At $1444/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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Erin.
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 $12,033 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.