$3,589,900 - 5354 Fifth Line, Erin
Detached for Sale in Erin
64 days on market- MLS Number
- X13009786
- Property Type
- Detached
- Status
- active
- Days on Site
- 64
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- SUTTON GROUP QUANTUM REALTY INC.
Stunning Stone Farmhouse on 91 Serene Acres - A Rare Find Near Erin! Discover a unique combination of rustic character and modern comfort in this beautifully situated stone farmhouse, resting on 91 peaceful acres. Whether you're looking for a quiet escape, a smart investment, or a space to bring a business dream to life, this property delivers endless potential.The farmhouse itself is solid, classic, and full of timeless charm-ready for your personal touch. The impressive 91-acre lot includes fertile fields (currently leased to a local farmer, which conveniently covers the property taxes!) plus wooded areas and a natural spring-fed pond. Tucked away from the road, the home offers exceptional privacy.Inside, you'll find refreshed interiors: a spacious white kitchen from 2023 with a stone-topped island, a formal dining room, and a generous living area. Upstairs, there are four comfortable bedrooms and a full bathroom, while the basement provides practical storage, laundry, and utility space. Modern upgrades include geothermal heating and cooling (installed in 2015, keeping energy costs very low), a 2016 electrical panel, and a new water line with a pressure pump from the well (also installed in 2016). The house was freshly painted in 2023, with beautiful hardwood floors on the main level and engineered flooring upstairs.Additional highlights include a newer heated and powered workshop/garage (40x30 ft) with two oversized garage doors-perfect for car lovers or running a business from home. Ample parking is available, plus an old barn with a chicken coop.The possibilities here are truly limitless: enjoy a quiet life surrounded by nature, hold the property as a valuable long-term investment (land that's sure to appreciate), or transform it into a wedding venue, luxury dining destination, or other commercial venture. Don't miss this rare opportunity-come see this extraordinary property and let it speak to you!
Estimate your monthly payments for this property
Estimated Payment
$15,879.34/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.
5354 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 $2393/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 64 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.
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.
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 $14,958 (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.