Welcome to this remarkable vacant 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 $549,000 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.
This 1.03 acre residential lot offers a great opportunity to build a home that suits your style and needs. The property can accommodate a passive solar design, a ranch bungalow, a modern or contemporary home. Set on a quiet country road, the location provides a peaceful rural setting while remaining close to Acton, Erin, Rockwood, and Guelph. Schools, shopping, commuter routes, and everyday amenities are all within a short drive. The lot is ready to build and features a gentle slope that supports a full walk out basement. The elevation allows for excellent natural light and is well suited for an in law or secondary suite. You can also enjoy open views of surrounding farmland and forest. The land is dry, open and suitable for a variety of custom home designs. A key benefit is that the property is outside conservation authority jurisdiction, with confirmation on file showing no conservation restrictions. This allows you to move forward directly with building permit applications through the Town of Erin and Wellington County. The property is currently being farmed and benefits from OFA tax credits, which help reduce carrying costs until you are ready to build. A survey is available. Buyer to verify HST applicability. If you are looking for a build ready lot with a rural location, ideal grading for a walk out basement, energy efficiency passive solar positioning and no conservation restrictions, this is a rare opportunity. Please do not walk the property without an appointment. Be mindful of crops. The farmer reserves the right to harvest. GPS note: The property is located in the Town of Erin but carries an Acton municipal address. Enter 5223 Third Line in Google Maps. The property is directly across the road. * Suggested Rendering included in photos
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This could be the first listing for this address.
Data-driven valuation for 5224 Third Line, Erin, ON L7J 2L8
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Erin.
About Purchasing a Home in Erin, ON
For a property listed at $549,000 in Erin, the legal minimum down payment is $29,900 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 $7,455 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 $7,455.
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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.