$432,000 - 7 Laurel Lane, Erin
Detached for Sale in Erin
44 days on marketNeighbourhood: Erin
- MLS Number
- X13548474
- Property Type
- Detached
- Status
- active
- Days on Site
- 44
- Bedrooms
- 4
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Erin
- Listing Brokerage
- CENTURY 21 MILLENNIUM INC.
Well, this has ALL the space! Double wide with all the extras! Situated on the quiet cul de sac of Laurel Lane, abutting the Elora Cataract Trail. Holy crow, you will not see another like this. 4 bedrooms, again, 4 bedrooms! This incredibly spacious home could be for a growing family home! Yet, the price is perfect for first time buyers, down sizers, singles, and single parents. Stunningly updated and meticulously maintained. The curb appeal is sensational, with every attention to detail, and yes, that attention to detail runs into the home. Have you ever seen a mobile home with a dining room? A dining room that did not steal the living room. Oh, and it also has a mudroom and office. The yard is perfect, large, sculptured, with a fabulous shed and gazebo, plus an inviting deck and driveway. Situated in the beautiful Village of Erin, you can walk everywhere, plus drag your bag to the hockey rink and at the same time, cast your reel in the lake. Walking distance to all the charm in the Village of Erin, plus all the sorts! Kids can walk to the arena, or ball diamonds or tennis courts. An easy commute to the GTA, only a 35-minute drive or 15 mins to the GO Train to get you to work. It is all you need, at an incredible price! Monthly fees are Lot Fee: $625, Property Taxes: $57, Sewer Testing: $41. Recent updates include: Gazebo, Side Deck, Light Fixtures in Kitchen and Hallway, Flooring in Bedrooms and Hallway, Furnace, Metal Roof and Windows.
Estimate your monthly payments for this property
Estimated Payment
$2,216.38/mo
Includes CMHC insurance ($12,053)
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.
7 Laurel Lane, 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
Competitive Pricing
At $393/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.
Market Position
At 44 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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.