00 WELLINGTON 22 Road, Erin, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Rural Erin. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $12,000,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 873 x 829 ft lot size
Description
The Town of Erin (Hillsburgh), 20 minutes from Georgetown, has this 20.5 acres of future development with industrial designation on the Town of Erin official plan. The Town of Erin has brought in 400 acres of land for housing, commercial and industrial. There is a demand for industrial land right now, but none has been available. This is an ideal development sight with no major conservation issues, flat, fronting on two paved roads. An ideal industrial development area. Town has just brought in water and sewers which will allow greater density on the land.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 00 WELLINGTON 22 Road, Erin, ON N0B 1Z0
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About Purchasing a Home in Erin, ON
For a property listed at $12,000,000 in Erin, the legal minimum down payment is $2,400,000 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 $286,475 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 $286,475.
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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.