245 Main Street, Erin

Price: $839,888

4 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: X13507440

One of Erin's most recognizable addresses. 245 Main Street is a four-bedroom, detached home built in 1898 - sitting on an 8,288 sq ft corner lot on Main Street, within walking distance of everything the village has to offer. The main floor features a living room with a fireplace, a dining room that seats 8, and a well-proportioned kitchen with all appliances recently replaced. A bonus sunroom off the main living area offers flexible space for plants, reading, or morning light. Main floor laundry is a genuine convenience in a home of this era. Two-piece powder room completes the main level. Upstairs, the primary bedroom is a standout: 20'10" x 13'11" with a walk-in closet. Three additional rooms include two good-sized bedrooms and a flex room that works as a home office, nursery, or fourth sleeping space. Full four- piece bathroom serves the floor. Roof replaced in 2016. Central air conditioning added. A landscape that took years to build. Ostrich fern colonies, mature sugar maples, weeping spruce, established lilac, shrub roses, and hostas throughout. Garden shed with window boxes. Stone patio. Raised deck. Raised vegetable beds. Stepping stone paths across front and rear yard. Village of Erin, Wellington County. Approx. 45 minutes northwest of Brampton. Walkable to shops, cafes, schools, and amenities. Showings available daily

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New Listing
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$839,888 - 245 Main Street, Erin

Detached for Sale in Erin

New — Listed 7 days ago

Neighbourhood: Erin

4Beds
2Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
X13507440
Property Type
Detached
Status
active
Days on Site
7
Bedrooms
4
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Erin
Listing Brokerage
RE/MAX GOLD REALTY INC.
Description

One of Erin's most recognizable addresses. 245 Main Street is a four-bedroom, detached home built in 1898 - sitting on an 8,288 sq ft corner lot on Main Street, within walking distance of everything the village has to offer. The main floor features a living room with a fireplace, a dining room that seats 8, and a well-proportioned kitchen with all appliances recently replaced. A bonus sunroom off the main living area offers flexible space for plants, reading, or morning light. Main floor laundry is a genuine convenience in a home of this era. Two-piece powder room completes the main level. Upstairs, the primary bedroom is a standout: 20'10" x 13'11" with a walk-in closet. Three additional rooms include two good-sized bedrooms and a flex room that works as a home office, nursery, or fourth sleeping space. Full four- piece bathroom serves the floor. Roof replaced in 2016. Central air conditioning added. A landscape that took years to build. Ostrich fern colonies, mature sugar maples, weeping spruce, established lilac, shrub roses, and hostas throughout. Garden shed with window boxes. Stone patio. Raised deck. Raised vegetable beds. Stepping stone paths across front and rear yard. Village of Erin, Wellington County. Approx. 45 minutes northwest of Brampton. Walkable to shops, cafes, schools, and amenities. Showings available daily

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,309.06/mo

Includes CMHC insurance ($23,433)

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5-yr fixed avg.

Principal: $755,899Interest: $513,386
Mortgage Amount$779,332
Total Interest$513,386
Est. Property Tax$595/mo
Total Cost$1,292,718

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

245 Main Street, Erin

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
3.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$595
Insurance (est.)-$175
Net Cash Flow+$2,430

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 $560/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Erin's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

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.

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 $3,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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