$1,750,000 - 5049 Third Line, Erin
Commercial for Sale in Erin
Neighbourhood: Rural Erin
- MLS Number
- X13625548
- Property Type
- Commercial
- Status
- active
- Days on Site
- 23
- Bedrooms
- 3
- Bathrooms
- 0
- Square Feet
- 88 sqft
- Neighbourhood
- Erin
- Lot Size
- 88 sqft
- Listing Brokerage
- Bosley Real Estate Ltd.
Welcome to an extraordinary 88-acre country estate offering the perfect blend of rural charm, recreation, and functionality. Just mins to Halton Hills, Rockwood, and Erin. Whether you're dreaming of a hobby farm, or a private country retreat, this exceptional property delivers. The charming century home offers 3 spacious bedrooms, a dedicated office that could serve as a guest room, 1.5 bathrooms, a large mudroom, and an incredible three-season sunroom where you can relax and take in the beauty of the surrounding landscape. Step outside to your own private backyard oasis featuring a large on-ground pool complete with a waterslide, along with a separate hot tub. Designed for those who need space to work, play, and store equipment, the property also features a large workshop, a spacious two-car detached garage, and an impressive three-level bank barn. The barn includes three stalls with additional space for chickens, goats, and other livestock, its own well and electricity, and room for hay and equipment. The surrounding paddocks have previously been used for horses. Three stunning spring-fed ponds add to the property's natural beauty, creating a peaceful setting that attracts wildlife and provides breathtaking views throughout every season. With 88 acres to explore, there is endless potential for trails, pasture, gardening, recreation, or simply enjoying the privacy that only a property of this size can offer. The owners also participate in the Managed Forest Tax Incentive Program (MFTIP), providing potential property tax savings while supporting responsible stewardship of the forested portions of the land.Properties like this are incredibly rare. Offering a charming home, outstanding outbuildings, exceptional recreational amenities, acres of picturesque countryside, and the added benefit of the Managed Forest Tax Incentive Program, this is more than a home-it's a lifestyle and a legacy property waiting for its next chapter
Estimate your monthly payments for this property
Estimated Payment
$7,740.84/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 Rural Erin
Rural 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 Rural 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
Rural 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.
5049 Third Line, Erin
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $19,886/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 23-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Erin transactions.