Homula Realty Brokerage
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5414 Second Line, Erin, ON N1H 6H7

Land
$3,850,000

Attention developers, builders, and investors! Here's a rare opportunity to acquire 7.99 acres of prime development land in the rural hamlet of Ospringe at 5414 Second Line, Erin, Ontario, with an approved Site Plan for 13 estate lots, each with a minimum lot size of 0.5 acres, making it ideal for small builders and premium residential development. The property is fully prepared for construction, with all necessary engineering studies, grading plans, and landscaping designs complete and available for review. Buyers will be responsible for development charges for each lot and must use a tertiary septic system and either individual or communal wells. Located in the scenic rolling countryside of Erin, a vibrant and growing community northwest of the GTA, the area is known for its small-town charm, agricultural heritage, and breathtaking landscapes that attract families and commuters alike. Erin offers an excellent quality of life with access to well-regarded schools, abundant parks, trails, and outdoor recreation, and a thriving small business and cultural scene including community events like the well-known Fall Fair. The property is just minutes to Erin Village, Glen Williams, Georgetown, and major highway access, offering both rural tranquillity and urban convenience. Surrounded by existing residential estate homes and nestled within a community that values respectful growth and heritage, this location provides outstanding investment potential. The seller is motivated and serious offers will be considered; please note that property visits require a scheduled appointment. This is a high-potential, turnkey development opportunity you won't want to miss - all documents are available for your review.

MLS number
X12852582
Type
Land
Status
Active
Bedrooms
0
Bathrooms
—
Postal code
N1H 6H7
Photos
13
Property tax
$2,500 / year
191days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 4 times.

Sale history is for registered usersSee what this address sold for and when, across all 4 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 714 people.

$139,000Median household income
88.9%Own their home
95.8%Detached houses
45.2Median age
19.4%Born outside Canada
23.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35230354 — the few blocks around this address, home to 714 people. It describes the area, not this property.

714Population
42Average age
3Household size
$170,000Average household income
$139,000Median household income
89%Own their home
11%Rent
0%Condominiums
19%Born outside Canada
24%University degree
$1,420,000Average home value
4%Low income
47%Not in the labour force
24%Never married
$20,000 to $24,9991%
$35,000 to $39,9991%
$40,000 to $44,9991%
$45,000 to $49,9993%
$50,000 to $59,9993%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9993%
$90,000 to $99,9991%
$100,000 and over41%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,99911%
$200,000 and over18%

Percentages are of the 400 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$770,000 · minimum here is $770,000
$17,046.97per month
Borrowed before insurance$3,080,000
Total borrowed$3,080,000
Interest over 25 years at 4.5%$2,034,090

If you rented it out

-$17,255.30per month out of pocket
Rent$0.00
Everything it costs to hold$17,255.30
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX REAL ESTATE CENTRE INC.. Listing data provided by the Toronto Regional Real Estate Board.