5944 EIGHTH Line, Erin, ON

$2,390,000
MLS#:X10876291
6 beds
3 baths
3000-3500 sqft
9.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Rural Erin. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $2,390,000 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.

  • 6 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 3000-3500 sqft on a spacious lot (Acres)
  • Features a separate entrance, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 9.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Propane Tank, Sump Pump
  • Efficient forced air heating via propane

Description

Dreaming about raising a family on a homestead? With 5 bedrooms, 3.5 baths + 36 acres, imagine the possibilities! Approaching the 2500 sqft home, up the long driveway, you will pass 3 spring-fed ponds, perfect for swimming, fishing for trout, watching the koi or skating. The original farmhouse, built in 1886, received an addition in 2018, but still maintains its farmhouse character, down to the swing on the wraparound porch. The slate floored foyer has a built-in bench to help keep everyone organized + conveniently a 2-pc bath is close by. They say the kitchen is the heart of the home, now imagine baking a pie from your own apples in the gas oven, cooking a breakfast with eggs from your chickens or hosting a farm-to-table dinner. Grab a book from the built-in shelves in the bright living room + cozy up on the window seat or beside the woodstove. Kiddos can watch a movie in the spacious family room, while you are working from the main floor office. Upstairs, the kids have 4 bedrooms to choose from + a stunning 5-pc bath to share. The upper office could double as a nursery, w laundry across the hall + the primary suite beside. Retreat to the large primary bedroom, with it's huge w/i closet + 4-pc ensuite. The basement is partially finished w a separate entrance, rec room, 3-pc bath + laundry, so your kids will never want to leave! Outside just gets better. Soak in the hot tub, have a campfire, walk the trails through the pine forest, toboggan down the hill, camp in the woods or put in that pool you have been longing for. Store your toys in the heated + insulated 3-bay garage, with a loft for future jam sessions or maybe even living space. Horses welcome! With 6 paddocks, a sand ring, an original stone barn w 200 amps + 2 frost-free taps + a 7 box stall stable, the sky is the limit for options! Walking distance to Hillsburgh, groceries + park, minutes to Erin + the Elora-Cataract Trail, you can have the best of country living, with all of the amenities you need.

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Key Features

Bedrooms
6
Bathrooms
3
Kitchens
2
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold price information is available to members only
Listed Date10/9/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionVinyl Siding
BasementSeparate Entrance, Partially Finished
CountyWellington
Annual Tax$8,362.4
Legal DescriptionPT LT 27 CON 8 ERIN AS IN ROS593131 EXCEPT PT 3, 61R5134 AND PTS 1, 2, 3, 4, 61R11223; ERIN

Parking & Garage

Parking Spaces9.0
Garage Spaces6
Garage TypeDetached

Heating & Cooling

Heat SourcePropane
Heat TypeForced Air
CoolingNone

Features

Property Features

Lake/Pond

Interior Features

Propane Tank, Sump Pump

Security Features

Community Features

Location

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5944 EIGHTH Line, Erin, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 5944 EIGHTH Line, Erin, ON N0B 1Z0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Erin.

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Interest Rate5.25%
Down Payment$478,000 (20.0%)
* Minimum Canadian down payment required for this price is $478,000.
Amortization Period25 Years
Estimated Monthly Payment$11,394Based on a loan of $1,912,000 over 25 years.
Purchase Price$2,390,000
Loan Amount$1,912,000
Provincial Land Transfer Tax:$46,225
Total Estimated Closing Taxes:$46,225

About Purchasing a Home in Erin, ON

For a property listed at $2,390,000 in Erin, the legal minimum down payment is $478,000 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 $46,225 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 $46,225.

Nearby Listings

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No current listings found in Erin.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Rural Erin, Erin.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,759,071

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Brisbane
Public9426 Wellington Road 124, Erin, Ontario, N0B 1T0
7.9
St John Brebeuf
Public30 Millwood Road, Erin, Ontario, N0B 1T0
5.5
Erin
Public14 Boland Drive, Erin, Ontario, N0B 1T0
4.3

Secondary Schools

Erin
Public14 Boland Drive, Erin, Ontario, N0B 1T0
8.3

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.