$975,000 - 86 Waterford Drive, Erin
Detached for Sale in Erin
67 days on market- MLS Number
- X12993570
- Property Type
- Detached
- Status
- active
- Days on Site
- 67
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- Century 21 Miller Real Estate Ltd.
Welcome home to this truly loved raised bungalow in the beautiful Town of Erin. This well maintained 4 bedroom family home sits on an expansive corner lot with mature trees and lots of area for the gardening enthusiast. Enter in through the double front doors or the convenient rear mudroom area with a powder room and heated flooring. The renovated main floor boasts gleaming hardwood flooring, a large eat in kitchen that has an oversized island, tons of counter/cupboard space & stainless steel appliances. The kitchen area opens up to a spacious living room with tons of natural light pouring in. Head down the hall to the second powder room & spacious upper bedrooms. The primary bedroom is complete with wall to wall built-in closets and a spa like 5 pc ensuite bath with heated floors, double sinks, separate tub & shower. Take your pick of staircases to get downstairs to a massive family room/rec room featuring a wood burning fireplace with stone mantel, perfect for those family get togethers & cozy nights. Continue through the lower level to the 3 pc bath, 2 more huge bedrooms with extra storage closets. Venture out to the backyard from the mudroom or the kitchen sliding doors to the custom multi-tiered deck with built-in hot tub, storage & dining area perfect for entertaining! The backyard keeps going with a large vegetable garden, custom garden tool storage cabinets & the levelled sand area offers a perfect space for an above ground pool or fire table entertainment. The mudroom area also has inside entry to the double car garage with tons of extra space including overhead storage & a 8'x11' insulated work room. The driveway has plenty of parking for 8 cars & side areas to store boats, trailers or other equipment. All of this & an amazing location tucked away on one of the most sought after quiet streets in Erin just steps away from the gorgeous Woolen Mill Trails, new library, ice cream and quaint shops of downtown. Walking distance to elementary & high schools!
Estimate your monthly payments for this property
Estimated Payment
$5,002.26/mo
Includes CMHC insurance ($27,203)
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.
86 Waterford Drive, Erin
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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
Competitive Pricing
At $650/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 67 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.
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 $4,063 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.