$1,498,000

For sale

2 Pine Ridge Road, Erin - Single Family for Sale

2 Pine Ridge Road, Erin, Ontario, N0B1T0

4 beds3 baths33 parking2,250 ft²131 × 287 ft (37,725 sq ft) lot sizeListed 53 days ago

Overview

This 4-bedroom, 3-bathroom home in Erin is for sale offering roughly 2,250 sq ft of space. Its $1,498,000 asking price sits right in line with the $1,449,000 median in Erin. It has been on the market 53 days, fresher than the Erin average of 67 days.

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Description

Welcome to 2 Pine Ridge Rd. in Erin! Set on a beautiful 1-acre lot in the sought-after Erin countryside, this spacious bungalow (2,370 sqft above grade finished) offers the perfect combination of comfortable family living, privacy, and incredible versatility. The upper level consist of the Primary Bedroom, great private space and massive 4 piece ensuite bathroom. The main level features 2 great size bedrooms, a recently renovated 4 piece bath and a great bright and functional layout, amazing open concept kitchen and plenty of room for family and entertaining. The newly finished basement adds even more living space, including an additional bedroom (currently used as an office) and a walk-up to garage, creating excellent potential for an in-law suite or extended-family living arrangement. Outside, enjoy the peace and privacy of your own one-acre property, surrounded by the natural beauty and rural charm that makes Erin such a desirable place to call home. Whether you're relaxing outdoors, entertaining friends and family, or simply enjoying the space and tranquility, this property offers plenty of possibilities. ( over 4000 sqft finished living space) A fantastic opportunity for families, multi-generational living, or anyone looking for a spacious home on a beautiful estate lot. Come see everything 2 Pine Ridge Rd. has to offer! (id:66096)

Property Details

MLS®: X13777584
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Parking: 33
Interior Size: 2,250 ft²
Lot Size: 131 × 287 ft (37,725 sq ft)
Frontage: 131 ft
Storeys: 1
Basement: Finished, Full, Separate entrance, Walk-up, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $8,098.75/yr

Rooms

Upper Level

Primary Bedroom: 5.69 x 4.47 meters

Basement

Bedroom 4: 4.71 x 4.29 meters
Recreational, Games room: 9.05 x 3.97 meters
Exercise room: 6.87 x 3.96 meters

Main level

Bedroom 2: 4.87 x 4 meters
Bedroom 3: 3.4 x 3.25 meters
Living room: 12.15 x 5.27 meters
Dining room: 4.17 x 3.07 meters
Kitchen: 5.8 x 5.2 meters

Features

Appliances: Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Microwave, Window Coverings, Garage door opener
Flooring: Tile, Hardwood
Foundation: Wood
Exterior: Brick
Lot Features: Carpet Free

Services

Sewer: Septic System
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

53d

Erin listings, avg age

67d

Price / ft²

$666

List price

$1.50M

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.

Haho

This 4-bed single family in Erin has been listed for 53 days, which is 14 days fresher than the city average of 67. Act while there is still low competition.

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Listed by ROYAL LEPAGE RCR REALTY · DREW ELLIOTT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $1,498,000, about 12.5× the local median household income of $120,000.

Carrying it typically needs a household income of about $292,612 (20% down, 25-yr amortization, stress-tested) — roughly 144% 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)

$1,498,000· $666/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $124,800

Min 8.33%50%

Mortgage payment$7,613/mo

↳ CMHC premium ($54,928 capitalized)

Property tax (est.)$675/mo

Total monthly$8,288

Cash Needed to Close

Down payment (8.33%)$124,800

Land transfer tax$26,435

Est. closing costs$6,994

Total cash needed$158,229

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