5056 1ST Line, Erin, ON
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Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Rural Erin. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,499,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms
- Generous living space spanning 1500-2000 sqft on a spacious lot (Acres)
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Sewage Pump, Water Heater Owned, Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via propane
Description
Welcome to country living in Rural Erin! Inviting raised bungalow situated on a partly cleared 10-acre lot, offers plenty of open space for work, play, and relaxation. Step inside the front entry with an airy vaulted ceiling. Freshly painted, and updated light fixtures throughout create a bright and modern atmosphere. The cozy living room is warmed by a wood insert fireplace (as-is), perfect for chilly evenings. The kitchen offers plenty of cupboard and counter space, and the dining area walks out to a concrete patio with propane hook-up for BBQ - ideal for outdoor gatherings! 3 spacious bedrooms complete the main level. The fully finished basement adds significant living space, with great potential for an in-law or guest suite, including a rec room, 4-piece bath, additional bedroom, and media/entertainment room with no windows, perfect for achieving that dark cinematic experience! Convenient double car garage offers an additional electrical panel, propane hookup, and direct access to the yard. Expansive backyard provides tons of open space for the kids or pets to roam, plus a barn ready to be enjoyed; this 10 acre property is a blank canvas waiting to be painted! This home provides a perfect balance of comfortable living and ample outdoor space, offering a peaceful lifestyle while being close to all amenities - just 7 minutes to Acton, 9 minutes to Rockwood, and 22 minutes to the 401.
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Key Features
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Parking & Garage
Heating & Cooling
Features
Property Features
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Interior Features
Sewage Pump, Water Heater Owned, Sump Pump, Water Softener
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5056 1ST Line, Erin, ON L7J 2L9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Erin, ON
For a property listed at $1,499,000 in Erin, the legal minimum down payment is $299,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $26,455 for this transaction. As this listing is in Erin (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $26,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
