5821 Third Line

Rural Erin, Erin, N0B 1Z0
FOR SALE
$1,349,900
5821 Third Line, Erin
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3 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
6 + 4
ROOMS
X8269156
MLSID
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Property Description
Tranquil raised bungalow with a detached garage nestled in rural Erin. Enter the expansive driveway boasting abundant parking, leading to a charmingly landscaped stone walkway. A side entrance welcomes you into an open-concept kitchen, complete with a countertop range, built-in oven, and breakfast bar overlooking the spacious living room, which opens onto a sizable wooden deck. Adjacent is a separate dining room, bathed in natural light from two large windows. The primary bedroom features a convenient walk-in closet, while the main bathroom houses a laundry closet. Descend into the finished basement, where an open-concept kitchen with a center island awaits, alongside two bedrooms and a full bathroom with finished connections for laundry. Boasting electric heated floors in the main floor kitchen, bathroom and basement bedroom. Outside, a detached garage provides ample storage, complemented by a separate shed. Relax on the expansive deck, enjoying the serene, tree-lined backyardideal for summer evening bonfires and moments of privacy.
Extras
Perfectly situated with Hillsburgh and the stunning Belwood Lake Conservation Area just a short drive away.
Property Details
Community
City
Property Type
Detached, Bungalow-Raised
Lot Size
200' x 250'
Acreage
.50-1.99
Fronting
North
Taxes
$5,317 (2023)
Basement
Finished, Full
Exterior
Stone, Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Well
Parking Spaces
8
Driveway
Pvt Double
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
DiningMain10.63' x 13.52'Hardwood Floor, Window, Separate Rm
KitchenMain13.45' x 14.53'Hardwood Floor, Open Concept, Breakfast Bar
LivingMain13.45' x 16.93'Hardwood Floor, Ceiling Fan, W/O To Deck
Prim BdrmMain13.52' x 18.80'Hardwood Floor, Window, W/I Closet
BrMain12.07' x 13.52'Hardwood Floor, Window, Double Closet
BrMain9.91' x 10.20'Hardwood Floor, Window, Closet
KitchenLower12.83' x 21.36'Hardwood Floor, Centre Island, Open Concept
RecLower12.86' x 21.46'Broadloom, Window, Open Concept
BrLower13.16' x 15.65'Broadloom, Window, Pot Lights
BrLower9.28' x 12.60'Tile Floor, Window, Closet
Erin Market Statistics
Erin Price Trend
5821 Third Line is a 3-bedroom 2-bathroom home listed for sale at $1,349,900, which is $432,901 (47.2%) higher than the average sold price of $916,999 in the last 30 days (April 5 - May 4). During the last 30 days the average sold price for a 3 bedroom home in Erin declined by $484,667 (34.6%) compared to the previous 30 day period (March 6 - April 4) and down $219,667 (19.3%) from the same time one year ago.
Inventory Change
There were 26 3-bedroom homes listed in Erin over the last 30 days (April 5 - May 4), which is up 36.8% compared with the previous 30 day period (March 6 - April 4) and up 62.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Erin typically sold ($29,650) (3.2%) below asking price over the last 30 days (April 5 - May 4), which represents a $34,983 increase compared to the previous 30 day period (March 6 - April 4) and ($64,886) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Erin over the last 30 days (April 5 - May 4) stood at 38.5%, up from 15.8% over the previous 30 days (March 6 - April 4) and down from 93.8% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Erin stood at 25 days when successfully sold over the last 30 days (April 5 - May 4), compared to 48 days before being removed from the market upon being suspended or terminated.
Listing contracted with Real Broker Ontario Ltd
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