5 Millwood Road, Erin, ON

$1,140,000
MLS#:X8392304
5 beds
3 baths
1100-1500 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on August 6, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Erin. Expertly crafted featuring premium wood and other construction, this residence presents an exceptional opportunity offered at $1,140,000 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.

  • 5 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1100-1500 sqft on a spacious lot (Feet)
  • Features a separate entrance, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available
  • Notable attributes: In-Law Suite, Water Heater Owned, Water Softener
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Let nature just steal your heart, right in the Village of Erin. Open the gates to your own private oasis. Never before have I experienced this. Layers and levels of stunning gardens, with places of solitude and meditation throughout. But if entertaining is your game, get ready to amaze the guests. Overlooking the West Credit River is this jaw dropping 0.43-acre property. So many outdoor entertaining areas, then, WOW, get ready to go inside! The stunning main house has sunlight pouring in every window of this 3-bedroom 2-bathroom main level home, with a lower level 2-bedroom apartment that is gorgeous! Wander out to the 216 sq ft studio with heat and hydro and then the incredible 471 sq ft man/woman cave ready for all your fun or rent it out. This is a property with so many opportunities and it must be seen to truly appreciate.

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Property Summary

This detached home located at 5 Millwood Road, Erin is currently for sale and has been available on SousaSells for 777 days. This property is listed at $1,140,000 with an estimated mortgage of $3,795* per month. It has 5 beds, 3 bathrooms, and is 1100-1500 square feet. 5 Millwood Road, Erin is in the Erin neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
3
Kitchens
2
Living Area
1100-1500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 6, 2024
Sold price information is available to members only
Listed Date5/31/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionWood , Other
BasementSeparate Entrance, Apartment
CountyWellington
Annual Tax$4,810
Legal DescriptionPT LT 14 CON 10 ERIN AS IN (Con't in Mtg Comments)

Parking & Garage

Parking Spaces6.0
Garage Spaces6
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Park, Place Of Worship, School, River/Stream

Interior Features

In-Law Suite, Water Heater Owned, Water Softener

Security Features

Community Features

Location

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5 Millwood Road, 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 5 Millwood Road, Erin, ON N0B 1T0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$342,000 (30.0%)
* Minimum Canadian down payment required for this price is $228,000.
Amortization Period30 Years
Estimated Monthly Payment$3,795Based on a loan of $798,000 over 30 years.
Purchase Price$1,140,000
Loan Amount$798,000
Provincial Land Transfer Tax:$19,275
Total Estimated Closing Taxes:$19,275

About Purchasing a Home in Erin, ON

For a property listed at $1,140,000 in Erin, the legal minimum down payment is $228,000 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 $19,275 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 $19,275.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,180,737

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

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

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.