17 Cedar Lane, Erin

Price: $379,000

3 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13129712

Welcome to 17 Cedar Lane! Spacious 3 bedroom home on a treed lot. This freshly updated home is move-in ready and perfect for anyone looking for a clean, comfortable space without the hassle of renovations. Updated flooring throughout, kitchen, bathroom, new insulation, updated plumbing, paint, newer furnace and a/c, owned HWT. Outside, the double driveway offers plenty of parking space for you and your guests. Just move in and enjoy!

17 Cedar Lane - Detached photo 1 of 19 in Erin, Ontario
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$379,000 - 17 Cedar Lane, Erin

Detached for Sale in Erin

52 days on market

Neighbourhood: Erin

3Beds
1Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13129712
Property Type
Detached
Status
active
Days on Site
52
Bedrooms
3
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Erin
Listing Brokerage
CENTURY 21 MILLENNIUM INC.
Description

Welcome to 17 Cedar Lane! Spacious 3 bedroom home on a treed lot. This freshly updated home is move-in ready and perfect for anyone looking for a clean, comfortable space without the hassle of renovations. Updated flooring throughout, kitchen, bathroom, new insulation, updated plumbing, paint, newer furnace and a/c, owned HWT. Outside, the double driveway offers plenty of parking space for you and your guests. Just move in and enjoy!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,944.47/mo

Includes CMHC insurance ($10,574)

$
$
5%10%50%

5-yr fixed avg.

Principal: $341,100Interest: $231,666
Mortgage Amount$351,674
Total Interest$231,666
Est. Property Tax$268/mo
Total Cost$583,340

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.

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Neighbourhood Guide: Erin

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

17 Cedar Lane, Erin

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
7.8%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$268
Insurance (est.)-$79
Net Cash Flow+$2,453

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $541/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 52 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.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

About Erin

I know Erin well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    17 Cedar Lane, Erin | $379,000 | Battaglia Team