$699,000

For sale

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161 Gear Avenue, Erin - Single Family for Sale

161 Gear Avenue, Erin, Ontario, N0B1T0

3 beds3 baths2 parking ft²

38 Anderson Close, Erin, Ontario, N1H6H7

5 bd4 ba12 pk2,250 ft²Lot size 155 × 347 ft (1.23 acres)

Listed by SUTTON GROUP OLD MILL REALTY INC.

4958 Wellington Road 125, Erin, Ontario, L7J2L9

For saleJust listed

2 days ago

$3.20M

4958 Wellington Road 125, Erin, Ontario, L7J2L9

4 bd4 ba27 pk2,250 ft²Lot size 2016 × 2157 ft (99.82 acres)

Listed by ROYAL LEPAGE MEADOWTOWNE REALTY

9509 Highway 124 Road, Erin, Ontario, N0B1T0

For saleJust listed

2 days ago

$849K

9509 Highway 124 Road, Erin, Ontario, N0B1T0

6 bd2 ba12 pk1,750 ft²Lot size 125 × 383 ft (1.09 acres)

Listed by SKYBOUND REALTY

For saleJust listed

2 days ago

$1.10M

5849 Fifth Line, Erin, Ontario, N0B1Z0

4 bd2 ba6 pk3,250 ft²Lot size 146 × 185 ft (26,888 sq ft)

Listed by RE/MAX REALTY SPECIALISTS INC.

Investment analysis

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$699,000

Erin

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Description

Step into this stunning, move-in-ready 3-bedroom freehold townhome designed for modern living. The main floor features a bright open-concept layout with high ceilings, a stylish kitchen, and spacious living and dining areas perfect for entertaining. Upstairs, the primary bedroom includes a private ensuite and 2 walk-in closets, while one of the additional bedrooms also offers its own walk-in closet. The third bedroom provides plenty of space for family, guests, or a home office. Situated in a friendly neighborhood close to schools, parks, and local amenities, this home perfectly combines small-town charm with easy access to the city-offering comfort, convenience, and style in one beautiful package. (id:66096)

Property Details

MLS®: X13791366
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 20 × 91 ft (1,795 sq ft)
Frontage: 20 ft
Storeys: 2
Basement: Unfinished, Walk out, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Ownership: Freehold
Listed: 49 days ago

Rooms

Main level

Great room: 5.51 x 3.9 meters
Kitchen: 2.71 x 3.81 meters
Eating area: 3 x 2.43 meters

Second level

Primary Bedroom: 3.84 x 5.05 meters
Bedroom 2: 2.92 x 3.35 meters
Bedroom 3: 2.74 x 3.35 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

49d

Erin listings, avg age

67d

Price / ft²

$399

List price

$699K

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (N0B)

This home lists at $699,000, about 5.8× the local median household income of $120,000.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 14% above the area median.

Median household income: $120,000
Population: 86,919
Median age: 42.8
Owner / renter: 88% / 12%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA N0B)

$699,000· $399/ft²

For sale

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Full Cost Breakdown

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Est. property tax$0/mo

Total monthly$3,626

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$10,455

Est. closing costs$4,597

Total cash needed$59,952

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

161 Gear Avenue, Erin - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

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Market Timing

Location

Nearby Places

Neighbourhood profile (N0B)

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Full Cost Breakdown