5224 Third Line, Erin, ON

$549,000
MLS#:X12952732
0 beds
0 baths
Residential Freehold
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Property Highlights

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.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 164.99 x 275 ft lot size

Description

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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Key Features

000
Property Type
Residential Freehold

Additional Details

StatusPrice Change
Listed Date4/1/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
Lot Size164.99 × 275 Feet
CountyWellington
Annual Tax$46
Legal DescriptionPT LT 9 CON 3 ERIN PT 1, 61R6691; ERIN

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Features

Property Features

Clear View, Level, Sloping

Interior Features

Security Features

Community Features

Location

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5224 Third 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 5224 Third Line, Erin, ON L7J 2L8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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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.

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Interest Rate5.25%
Down Payment$29,900 (5.4%)
* Minimum Canadian down payment required for this price is $29,900.
Amortization Period25 Years
Estimated Monthly Payment$3,093Based on a loan of $519,100 over 25 years.
Purchase Price$549,000
Loan Amount$519,100
Provincial Land Transfer Tax:$7,455
Total Estimated Closing Taxes:$7,455

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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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$1,765,975

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.