$2,250,000 - 5450 Fifth Line, Erin
Detached for Sale in Erin
- MLS Number
- X13154790
- Property Type
- Detached
- Status
- active
- Days on Site
- 29
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- CENTURY 21 MILLENNIUM INC.
When Modern Farm House is touched with elegance and sophistication you are presented with 5450 Fifth Line. This nearly 3000 sq ft custom bungalow is crafted to ensure the exterior meets the interior. Relaxed country warmth, with clean lines, soaring ceilings and thoughtful finishes throughout. You'll be captivated by the 1300 sq foot great room with 21' cathedral ceiling plus living, dining and kitchen all blended in harmony. The floor to ceiling fireplace focal point, is wrapped with built-ins and a hemlock barn beam mantle. The white oak engineered hardwood in soft neutral tones, flows throughout this masterpiece. The kitchen features a 11' island with seating for 5 and an under counter farm house sink showing off the quartz countertop. High end 6 burner gas 4' stove/oven combo with thoughtfully placed pull out pantry drawers and a functional pot filler. Just off the entry from the 3-car garage is a generous mudroom, laundry and powder room to keep daily life organized. The primary suite is tucked away, offering a quiet retreat with views of the trees and a walkout to the 65' wrap around deck. Get ready for the ensuite with 2 partner vanities, freestanding soaker tub and double walkway into the natural light shower. Then meander into the huge walk-in closet all ready for your inspiration. Additional bedrooms are thoughtfully separated with their own Jack and Jill bathroom, and the 4th with its own ensuite, giving it so many uses. The basement with its soaring 9' ceilings and large windows is a canvas ready for your creativity. On the outside you will celebrate a 2-acre treed lot, where you are able to breathe, create gardens or that backyard oasis, complete with pool and outdoor kitchen, surrounded by the covered deck. It is close to town, but you are able to watch the sun rise with your morning coffee and the sun set with your glass of shiraz. This bungalow offers 'everything you need' today, while remaining practical and timeless for years to come.
Estimate your monthly payments for this property
Estimated Payment
$9,952.51/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.
5450 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
Fair Market Value
At $900/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 29 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 4 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 $9,375 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.