$575,000 - 8894 Wellington 124 N/A, Erin
Detached for Sale in Erin
109 days on market- MLS Number
- X12832304
- Property Type
- Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- ROYAL LEPAGE RCR REALTY
Rare Potential in the Heart of Erin! Welcome to 8894 Wellington Rd 124, a property brimming with potential for those with a vision for country living. This offering represents a rare opportunity to secure a significant piece of land in one of Wellington County's most charming and sought-after communities.The highlight of this property is the impressive quarter-acre lot, providing ample space for gardening, outdoor entertaining, or creating a private family oasis. Situated just minutes from downtown Erin, you can enjoy a perfect small-town atmosphere characterized by rolling hills, friendly neighbours, and easy access to local amenities. For the hobbyist or tradesperson, the detached oversized two-car garage is a standout feature. This versatile structure offers incredible value as a workshop, studio, or high-capacity storage space for equipment and toys. It is the ideal setup for anyone needing a dedicated area for projects or a home-based business.The existing two-bedroom, one-bathroom residence requires work and is being sold in "as-is" condition. This makes the property a perfect match for buyers looking to renovate to their exact tastes or for those interested in a complete rebuild on a prime lot.The location offers the ultimate balance of rural peace and commuter convenience. You are located only ten minutes from Acton and within twenty minutes of Milton and Guelph. Major routes like the 401 and the town of Orangeville are just a thirty-minute drive away, ensuring you stay connected to larger towns while enjoying the tranquility of the spacious lot. Don't miss out on this unique chance to build equity and create a custom lifestyle. Opportunities to acquire land with this much utility and such a central location are rare in today's market. Bring your tools and your imagination to unlock the true value of this Erin gem.
Estimate your monthly payments for this property
Estimated Payment
$2,950.05/mo
Includes CMHC insurance ($16,043)
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.
8894 Wellington 124 N/A, 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 $821/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.
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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,396 (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.