$359,000

$379,000For salePrice drop↓ $20,000 (5%)

4 Laurel Lane, Erin - Single Family for Sale

4 Laurel Lane, Erin, Ontario, N0B1T0

3 beds1 bath3 parking900 ft²50 × 100 ft (5,000 sq ft) lot sizeListed 21 days ago

Overview

This 3-bedroom, 1-bathroom home in Erin is for sale offering roughly 900 sq ft of space. It has been on the market 21 days, fresher than the Erin average of 67 days.

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Description

Lovely, Turnkey, bright & spacious mobile home nestled on a quiet Cul-De-Sac in the Town of Erin's desirable Stanley Park. Backing on to conservation and walking distance to Stanley Park pond. Open concept living room and large eat-in kitchen with vaulted ceiling. Exterior was painted in 2024. Enjoy the peace and quiet on the new deck (2021) with Gazebo. Monthly Land lot $669, Septic maintenance $41, Property Tax $48. Think about that, you could be paying thousands per month in property taxes with a home versus this property! The new property management company, Compass Communities is committed to creating thoughtfully managed communities that offer quality homes, welcoming neighbourhoods, and a sense of belonging. So whether you are a FIRST TIME BUYER or looking for a quiet community to retire, this neighbourhood could be your perfect destination! (id:66096)

Property Details

MLS®: X14032566
Property Type: Single Family
Zoning: OS-1-109(F)
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 3
Interior Size: 900 ft²
Lot Size: 50 × 100 ft (5,000 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Electric
Cooling: None
Garage: No Garage
Ownership: Leasehold
Property Tax

Rooms

Main level

Living room: 4.9 x 4.2 meters
Kitchen: 4.1 x 4.3 meters
Primary Bedroom: 3.1 x 3.3 meters
Bedroom 2: 2.3 x 3 meters
Bedroom 3: 2.3 x 3 meters
Mud room: 2.8 x 2.3 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Water Heater
Flooring: Tile, Linoleum, Vinyl
Exterior: Aluminum siding
Lot Features: Cul-de-sac, Wooded area, Conservation/green belt, Carpet Free

Services

Water: Municipal water
Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Erin listings, avg age

67d

Price / ft²

$399

List price

$359K

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 3-bed single family in Erin has been listed for 21 days, which is 46 days fresher than the city average of 67. Act while there is still low competition.

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Listed by ROYAL LEPAGE MEADOWTOWNE REALTY · DEANNA BALL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0B)

This home lists at $359,000, about 3.0× the local median household income of $120,000.

Carrying it typically needs a household income of about $70,125 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$359,000· $399/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,950

Min 5%50%

Mortgage payment$1,891/mo

↳ CMHC premium ($13,642 capitalized)

Property tax (est.)$48/mo

Total monthly$1,939

Cash Needed to Close

Down payment (5%)$17,950

Land transfer tax$3,860

Est. closing costs$3,577

Total cash needed$25,387

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