$998,888 - 5858 5th Line, Erin
Detached for Sale in Erin
Popular ListingNeighbourhood: Rural Erin
- MLS Number
- X13488466
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Erin
- Lot Size
- 3 sqft
- Listing Brokerage
- ROYAL LEPAGE RCR REALTY
Welcome to an extraordinary, unique, one-of-a-kind opportunity in picturesque rural Erin, just 8 minutes from the heart of downtown. Set on a rare 3.45-acre private oasis, this charming bungalow is framed by beautifully landscaped & manicured grounds & a large private backyard. Wind deeper along the driveway, past authentic outbuildings, & a serene, beautifully maintained pond reveals itself in complete privacy at the rear. Tranquil, calming & entirely your own. Step inside to a warm, inviting family/living room with authentic hardwood floors & a large picture window framing your pretty front yard. The updated kitchen features stainless appliances, a spacious dining/breakfast area & a separate pantry/storage closet. Two main floor bedrooms offer laminate flooring & generous closets, complemented by a fully updated 3-piece bath & convenient main floor laundry. The side entrance leads to a bright, partially finished basement with large windows and a finished 3rd bedroom/office or den. Outside, a fully detached garage/workshop, storage shed & three bonus historical outbuildings plus an open drive shed await original footprint reimagining as workshops, artisan studios or extensive storage spaces. A dream for hobbyists, enthusiasts, remote professionals, or creative home-based businesses. This exceptional parcel features a clear split-zoning layout: R3 (Rural Residential) at the front providing a strong development envelope, while the rear EP2 (Environmental Protection) zone guarantees permanent natural privacy & no rear neighbours. The property directly abuts protected local farmlands, transitioning seamlessly into a serene natural corridor. Wellington County and the Town of Erin are celebrated for rolling countryside, meandering rivers, rich equestrian culture and a quaint village downtown brimming with adorable shops & lovingly preserved heritage. It's the perfect escape, blending rural tranquillity with charm and character. Your private country retreat awaits.
Estimate your monthly payments for this property
Estimated Payment
$5,124.81/mo
Includes CMHC insurance ($27,869)
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.
5858 5th Line, Erin
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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
Fair Market Value
At $908/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.
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.
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 Rural Erin
I know Rural 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 $4,162 (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.