$2,995,000

For sale

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8863 Wellington 124 Road, Erin - Single Family for Sale

8863 Wellington 124 Road, Erin, Ontario, N1H6H7

3 beds2 baths20 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

3 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

3 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

3 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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$2,995,000

Erin

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19.00 acres lot size

Overview

This 3-bedroom, 2-bathroom home in Erin is for sale offering roughly 1,750 sq ft of space. It has been on the market 64 days, fresher than the Erin average of 67 days.

Houses for Sale in Erin →All real estate in Erin →

Description

Investment land - 19.11 acres adjacent to existing residential subdivision in the hamlet of Ospringe at the intersection of Highway 124 & 125. 3 bedroom farmhouse, 2200 SqFt bank barn, 7200 SqFt coverall. Generate income while waiting on development. The opportunity is waiting for you. **EXTRAS** vendor financing available. Re-zoning and due diligence the responsibility of the buyer. (id:66096)

Property Details

MLS®: X13738452
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 20
Interior Size: 1,750 ft²
Lot Size: 19.00 acres
Frontage: 842 ft
Storeys: 1
Basement: Unfinished, Full
Heating: Radiant heat, Oil
Cooling: None
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $2,873.98/yr
Listed: 64 days ago

Rooms

Main level

Living room: 4.88 x 3.69 meters
Kitchen: 4.09 x 3.17 meters
Dining room: 3.96 x 3.66 meters

Second level

Primary Bedroom: 3.96 x 3.83 meters
Bedroom 2: 3.66 x 3.13 meters
Bedroom 3: 3.66 x 4.18 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, Water softener, Dishwasher, Stove, Dryer, Water Treatment, Water Heater
Foundation: Stone
Exterior: Vinyl siding
Lot Features: Sump Pump

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

64d

Erin listings, avg age

67d

Price / ft²

$1,711

List price

$3.00M

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 64 days, which is 3 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 · PAUL RICHARDSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1H)

This home lists at $2,995,000, about 38.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $585,028 (20% down, 25-yr amortization, stress-tested) — roughly 660% above the area median.

Median household income: $77,000
Population: 42,178
Median age: 41.2
Owner / renter: 54% / 46%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N1H)

$2,995,000· $1,711/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $599,000

Min 20%50%

Mortgage payment$12,773/mo

Property tax (est.)$239/mo

Total monthly$13,012

Cash Needed to Close

Down payment (20%)$599,000

Land transfer tax$61,350

Est. closing costs$11,485

Total cash needed$671,835

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